Will targeted diesel subsidies raise essential goods prices in Sabah, Sarawak?

Question

Accepted Answer

Targeted Diesel Subsidies Will Not Increase Essential Goods Prices in Sabah, Sarawak, and Labuan

Communications Minister Fahmi Fadzil has stated that the implementation of targeted diesel subsidies in Peninsular Malaysia, effective from June 10, is not expected to cause a price increase for essential goods in Sabah, Sarawak, and Labuan. The government is providing support to traders and individuals through initiatives such as the Subsidised Diesel Control System 2.0 (SKDS 2.0) and the Budi Madani programme to mitigate potential cost impacts.
Government Support Through SKDS 2.0 and Budi Madani

The SKDS 2.0 initiative offers fleet card assistance to 23 categories of vehicles, including those involved in the transportation of food and essential items. This allows eligible vehicles to purchase diesel at a subsidised rate of RM2.15 per litre. Complementing this, the Budi Madani initiative provides eligible individuals with a monthly financial aid of RM200. These programmes are designed to offset increased operational costs for businesses and individuals.
Advice for Traders and Consumers

Fahmi Fadzil advised parties claiming to be affected by increased transportation costs to seek information and apply for assistance under SKDS 2.0 and the Budi Madani programme. He cautioned against any excessive price hikes, emphasizing that traders continue to benefit from diesel subsidies managed by the Ministry of Domestic Trade and Cost of Living (KPDN) through SKDS 2.0. Consumers are encouraged to report any significant price increases to KPDN for enforcement action.
Government's Rationale for No Price Impact

The government's assessment indicates that the targeted diesel subsidy measure in Peninsular Malaysia will not negatively impact prices in Sabah, Sarawak, and Labuan. This is because measures are in place to ensure that vehicles involved in the supply chain, including those servicing these regions, continue to receive diesel subsidies. The inclusion of individual aid through Budi Madani further aims to cushion potential economic effects on the populace.

Reading history

Hide →

This history is cleared when the page is closed.

Will targeted diesel subsidies raise essential goods prices in Sabah, Sarawak?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends