KUALA LUMPUR, Oct 30 — The mechanism for the proposed RON95 targeted petrol subsidy, set for implementation in the middle of next year, is still being refined by the Finance Ministry.
Political secretary to the Finance Minister Muhammad Kamil Abd Munim said engagement sessions with all stakeholders are actively being held to discuss and identify the best approach.
"We want to ensure that when this targeted subsidy scheme is implemented, it does not cause confusion or anxiety, especially regarding its process and operation.
"So, during this period, the details must be carefully examined, and it is certain that when implemented, the welfare of the people, especially those in truly deserving groups, will continue to receive the subsidy," he said.
Kamil, who is also Parti Keadilan Rakyat Youth deputy chief, made the remarks while appearing as a guest on Bernama TV's ‘Ruang Bicara’ programme last night.
When tabling Budget 2025 on October 18, Prime Minister Datuk Seri Anwar Ibrahim announced that the government plans to implement targeted subsidies in order to save up to RM8 billion.
He said currently, 40 per cent of the RON95 petrol subsidy benefits foreigners and the wealthy.
However, he assured that the government is committed to maintaining subsidies for the majority of the people, as seen with the targeted electricity subsidy.
— Bernama
