Government announces new fuel subsidy; here’s how it works & who would benefit

Government announces new fuel subsidy; here’s how it works & who would benefit

The Rakyat Post - News·2019-10-08 14:00

The government announced a new targeted fuel subsidy scheme that is expected to begin in January 2020.

The new petrol subsidy mechanism outlined by the Domestic Trade and Consumer Affairs Ministry (KPDNHEP) will gradually float the price of RON95 petrol in Peninsular Malaysia.

This means that the retail price for RON95 will be set by the cabinet based on global market prices.

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