Government expands ‘no notice’ strategy for RON95 petrol targeted subsidy – Rafizi Ramli

While the government has not indicated anything about Eliminate general subsidies for RON 95 gasoline other than to say that it is Currently researching this issuethere may be little indication of the timeframe for its introduction before it is rolled out.

That is what Economy Minister Rafizi Ramli meant when he said that the government would copy the same strategy for RON 95 gasoline as made diesel enginewhere there is no prior public notice of any decision to eliminate a general subsidy, Malaysiakini report.

Asked if the move would be made this year with a pre-announced timetable, Rafizi said the government was keeping its plans under wraps, just as it did with diesel. “We surprised everyone with diesel and I think everyone is in for another surprise,” he said. Bloomberg on the sidelines of the World Economic Forum’s summer meeting in Dalian, China.

He reiterated that the government remains committed to its diesel subsidy rationalisation programme for now. “We are focusing on diesel at the moment because diesel leaks a lot. I think we need to make sure and learn from this process to improve the whole system,” he said, while downplaying concerns that the plan to remove fuel subsidies would hit inflation after prices rose.

Meanwhile, responding to a question on Rafizi’s statement, Prime Minister Datuk Seri Anwar Ibrahim said that the government has not yet taken any decision on the need to rationalize the RON 95 petrol subsidy. Malay Letter report.

The prime minister said Rafizi’s statement was mainly focused on targeted diesel subsidies, which the government is studying to implement effectively. “I have read Rafizi’s text; he mentioned that we are focusing on diesel, which needs careful consideration to implement,” he said.

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