KUALA LUMPUR: The RM2.2bil fuel Targeted Subsidy Programme (PSP) will be launched in January next year and is expected to benefit more than eight million motorists. For eligible recipients of Bantuan Sara Hidup (BSH), the petrol subsidy receivable will be RM30 per month for car owners and RM12 per month for motorcycle owners. Lim said once the fuel subsidy scheme starts, the prices of RON95 petrol and diesel will be gradually floated to reduce leakages and cross-border smuggling of subsidised fuel. The fuel subsidy will kick in whenever the RON95 market price determined by the Automatic Pricing Mechanism (APM) is above RM2.08 per litre, but no fuel subsidy will be given when the APM price falls below RM2.08 per litre. “After the announcement of the petrol subsidy programme on Oct 7, the ministry received feedback from the people, especially calls for the M40 group to be eligible for the subsidy, ” he said.

Source: The Star October 12, 2019 00:00 UTC