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New Petrol Subsidy Structure Coming Soon
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<blockquote data-quote="solo" data-source="post: 396278" data-attributes="member: 18358"><p>Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the new fuel subsidy management system meant for targeted groups will be announced before May 1.</p><p></p><p>“The ministry is still discussing and studying the mechanism proposed including the possibility of abuse,” he told reporters here Monday.</p><p></p><p>The Government had announced that the fuel subsidy management system would be announced on May 1 together with the removal of subsidy to foreigners.</p><p></p><p>Ismail said the mechanism discussed include limiting the sale of fuel to motorists based on the vehicles used.</p><p></p><p>“If they can afford to buy luxury cars, then they can surely afford to pay for unsubsidised petrol,” he said.</p><p></p><p>The machanism include a proposal that motorists use MyKad at petrol kiosks to ensure that the subsidy was enjoyed only by Malaysian citizens.</p><p></p><p>Ismail said the Government had no plans to remove the fuel subsidy as Malaysians were still not ready for it. -- Bernama</p></blockquote><p></p>
[QUOTE="solo, post: 396278, member: 18358"] Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the new fuel subsidy management system meant for targeted groups will be announced before May 1. “The ministry is still discussing and studying the mechanism proposed including the possibility of abuse,” he told reporters here Monday. The Government had announced that the fuel subsidy management system would be announced on May 1 together with the removal of subsidy to foreigners. Ismail said the mechanism discussed include limiting the sale of fuel to motorists based on the vehicles used. “If they can afford to buy luxury cars, then they can surely afford to pay for unsubsidised petrol,” he said. The machanism include a proposal that motorists use MyKad at petrol kiosks to ensure that the subsidy was enjoyed only by Malaysian citizens. Ismail said the Government had no plans to remove the fuel subsidy as Malaysians were still not ready for it. -- Bernama [/QUOTE]
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