COVID–19 NEWS   Japan registers record 250,403 COVID-19 cases within past 24 hours | COVID: Malaysia records increase in new cases, fatalities - Dr Noor Hisham | New COVID-19 cases drop 5.2 pct last week - Health Dg  | Witness still COVID-19 positive, Ahmad Zahid's corruption trial postponed | Japan's daily COVID cases top 180,000, set fresh record amid 7th wave | 

Tengku Zafrul: Govt in The midst of testing mechanism for targeted fuel subsidy system

07/07/2022 04:06 PM

KUALA LUMPUR, July 7 (Bernama) -- The government is in the midst of testing the mechanism for the targeted fuel subsidy system but no timeline has been set for the execution, Minister of Finance Tengku Datuk Seri Zafrul Abdul Aziz said.

He said the government is currently testing several proposals on the table to determine the best measures for execution before presenting it to the cabinet.

The minister said based on a study by Bank Negara Malaysia, for every RM1 of fuel subsidy, 53 sen goes to the T20 group while 15 sen is utilised by the B40.

“We will test and decide when we are comfortable with the mechanism and the platform of how we execute it.

“Obviously the customers’ experience would vary in the rural areas as well as the city,” he told reporters after witnessing the launch of the Edotco sustainability blueprint and report 2021 here today.

Tengku Zafrul said he would go on the ground to petrol stations to test the mechanisms or the platform proposed to the government.

The government had previously estimated that the subsidies for this year will reach RM77.7 billion, meaning that the fuel subsidy will reach RM30 billion.

“Last month, it (fuel subsidy) already reached RM5 billion a month,” he added.


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter :, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy