KUALA LUMPUR (ANN/THE STAR) – Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim disclosed that the government retains approximately MYR7 billion in diesel subsidies for Peninsular Malaysia.
He clarified that these subsidies have not been eliminated but are undergoing rationalisation. The objective is to enhance subsidy management efficiency, curbing misuse and targeting benefits to rightful recipients.
“The core aim of the diesel subsidy rationalisation policy is to halt wastage of subsidies and redirect savings to benefit the broader populace,” he asserted in a statement issued on Monday, June 17.
Anwar said savings from the implementation of targeted subsidies would be returned to the people in the form of education, health, public transportation, and other sectors that have the greatest impact on the public.
According to him, the Madani Government would also remain committed to combating diesel smuggling while striving to balance the government’s efforts with issues of supply and the cost of living.
