Targeted subsidies: Govt to continue protecting interests of 85% of the population – PM

Targeted subsidies: Govt to continue protecting interests of 85% of the population – PM

KUALA LUMPUR: The government will continue to protect the interests of 85% of the Malaysian population amid the implementation of targeted subsidies for RON95 petrol, which is slated to take effect in mid-next year, the Dewan Rakyat was told today.

Prime Minister Datuk Seri Anwar Ibrahim said that is also the reason why only the T15 group and foreign nationals will have to pay the non-subsidised market price for the fuel, a measure he considers reasonable.

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“The main point here is that the (targeted) subsidies should not burden the 85 per cent of the population, so we shouldn’t act like champions for the T15 group as has been voiced by many parties, including the opposition.

“…It is reasonable for us to impose market rates on the super-rich and top-tier individuals. Isn’t that appropriate?” he said in reply to Khoo Poay Tiong (PH-Kota Melaka) during the Minister’s Question Time.

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Khoo had wanted to know the definition of T15 concerning targeted subsidies for RON95 petrol.

— More to come

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