PETALING JAYA: Finance Minister II Datuk Seri Amir Hamzah Azizan will be holding a press conference on the diesel subsidy rationalisation on Sunday (June 9). On May 24, Amir Hamzah said that diesel subsidies cost the government RM1bil a month, while losses from leakages amount to a whopping RM4.5mil a day. In announcing the fuel subsidy rationalisation in a national address on May 21, Prime Minister Datuk Seri Anwar Ibrahim said subsidies for diesel would be withdrawn for “the rich and foreigners”. The diesel subsidy will first be rationalised in the peninsula, while the implementation in Sabah and Sarawak will happen later, he said, without mentioning any timeline for implementation. Diesel subsidies will also continue for certain categories of fishermen.

Source: The Star June 09, 2024 16:40 UTC