The government will prioritize the implementation of targeted diesel subsidies before considering RON95 petrol subsidies, stated Second Finance Minister Amir Hamzah Azizan. This decision aims to ensure stability in subsidy mechanisms. Maybank Investment Bank’s suggestion of a 32 sen per liter increase in RON95 price to achieve budgetary targets was also discussed.
RON95 targeted subsidy
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Meanwhile, the Consumers’ Association of Penang and some analysts are in favour of rationalizing RON95 petrol subsidies, citing potential government savings. CAP President Mohideen Abdul Kader suggests redirecting subsidy funds to improve healthcare infrastructure, given Malaysia’s significantly lower petrol prices compared to neighboring ASEAN countries.
RON95 targeted subsidy coming anyways!
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