KUALA LUMPUR: The government will consider increasing the 1Malaysia People's Aid (BR1M) for its recipients on a temporary basis if oil prices continue to soar. Second Finance Minister Datuk Seri Johari Abdul Ghani said the government is aware of the continuous increase in oil prices and if the increase gives extra income to the government, they are considering helping the people. “For every increase of US$1 per barrel of oil, it gives the government an average increase of RM300 million in income. So, when the oil price increases, only our headline inflation increase and the core inflation remain stable. In an additional question by Nga Kor Ming (DAP-Taiping), who asked for an explanation on the subsidy given for oil prices, Johari said the subsidy of RM1.6billion was only given to a certain segment of society to stimulate the economy and gave example of fishermen.

Source: New Strait Times November 15, 2017 10:18 UTC