A more progressive solution than fuel subsidy


Dateline 2019-10-14, FMT:

Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail has finally announced the targeted Petroleum Subsidy Programme (PSP), mooted almost a year ago.

In this scheme, RON95 petrol will be floated and Cost of Living Aid (BSH) recipients will receive between RM48 (for motorcycle owners) and RM120 (for car owners) every four months.

The move will cost the government approximately RM65.4 million a month or RM784 million annually.

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