Azmin: Govt likely to introduce targeted fuel mechanism amid rising crude oil prices

I repeat myself like a broken record: more carrot and stick for public transport.

Dateline 2022-05-21, Malay Mail:

The government is likely to introduce a targeted fuel mechanism to cushion the impact of the rising crude oil prices, especially for the lower-income group, said Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.

He said the government is still working on a suitable structure following the sharp jump in the fuel subsidy projection for 2022 to RM28 billion, compared to RM11 billion in 2021.

“We talked about the review in a special retreat recently.

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