THE petrol subsidy programme (PSP) for medium-income households (M40 group) will be open for registration in the second quarter of this year, said Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail.

He said both his ministry and the Finance Ministry were looking into a more suitable mechanism to channel the subsidies for M40 PSP recipients, such as by card or cash.

“The data for the recipients has been completed and currently, the two ministries are discussing the method of distribution. The government is looking for seamless integration, where consumers will not feel any difference when purchasing petrol once the PSP is implemented.

“In conducting the study for the B40 group, my ministry felt that paying cash would be more efficient compared with other methods, so the deferment of the PSP has enabled both ministries to come to the same decision,” he said at the Khalid Samad Cup Unity Football Championship in Shah Alam today.

Saifuddin said the the PSP aimed to prevent owners of luxury vehicles and foreigners from receiving targeted subsidies from the government. – Bernama, January 12, 2020.