Removing fuel subsidy will save RM6 bil, govt told as global oil price plunges


In an alternate timeline.

Dateline 2020-03-09, FMT:

Parti Sosialis Malaysia (PSM) today called on Putrajaya to do away with the fuel subsidy, saying this would save the government nearly RM6 billion in the wake of reports that oil markets have suffered their worst drop since the Gulf War.

The party’s environmental and climate crisis bureau committee member, Sharan Raj, said Perikatan Nasional should abolish the automatic pricing mechanism (APM) and allow for free float.

He said the money saved from removing the APM could be used to subsidise and expand public transport nationwide.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: