Putrajaya likely to introduce targeted fuel mechanism, says Azmin


International Trade and Industry Minister Mohamed Azmin Ali says Putrajaya will likely introduce a targeted fuel mechanism to cushion the impact of rising crude oil prices, especially for the lower-income group. – The Malaysian Insight file pic, May 21, 2022.

THE government will likely introduce a targeted fuel mechanism to cushion the impact of rising crude oil prices, especially for the lower-income group, International Trade and Industry Minister Mohamed Azmin Ali said.

He said the government is still working on a suitable structure following the sharp jump in the fuel subsidy projection for this year to RM28 billion, compared with RM11 billion last year.


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Comments


  • The fuel subsidy comes from the taxes paid. The guy driving the BMW probably pays more taxes than the kancil driver who likely does not pay any taxes at all. The principle should be that all Malaysian citizens should be entitled to the subsidy. Foreigners pay the market price.

    Malaysia, being a net exporter of crude oil should ensure the benefit of high oil prices be enjoyed by all Malaysians. Lorry, Kancil or BMW drivers. For your information Azmin, many B40 people drive older BMWs and Mercs as they are cheap and affordable. So don't be too clever to try to cook up some target.

    Posted 2 months ago by Super Duper