Prime minister Datuk Seri Anwar Ibrahim.says that the government will proceed with the implementation of targeted diesel subsidies, with the Cabinet having agreed to the move, The Star reports.
He said that prices would be floated in the peninsula first, with that for Sabah and Sarawak to be set aside until later. This was because almost everyone in Sabah and Sarawak uses diesel for transportation every day. “So, we will postpone this move there,” he said in his speech, which was televised live last night.
Anwar said that in order to prevent any drastic increases in the cost of goods and services, subsidies will be given to traders using diesel-powered commercial vehicles under the subsidised diesel control system (SKDS) programme, essentially covering 10 public transportation vehicle and 23 goods transport vehicle types.
Cash aid will also be given to eligible individuals such as small traders and farmers who own private diesel-powered vehicles, while.diesel subsidies will continue to be provided to certain categories of fishermen.
As such, the PM said that lower- and middle-income groups who use diesel for their businesses will not be affected by the rationalisation, which is expected to save the government around RM4 billion annually, and that the only people who would be impacted by the rationalisation is the T20 group and around 3.5 million foreigners.
Anwar however did not indicate when the diesel subsidy rationalisation would be implemented. The government has previously outlined plans to introduce a targeted subsidy mechanism for both diesel and RON 95 petrol, with that for the latter slated to be sometime in the second half of 2024. However, it has yet to announce the mechanism and how these subsidies will be dispensed.
The post Cabinet agrees to implement targeted diesel subsidies, starting with Peninsular Malaysia – PM Anwar appeared first on Paul Tan's Automotive News.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip