Govt spent RM3.21b on fuel subsidies from May-September

KUALA LUMPUR (Dec 12): The new Pakatan Harapan (PH) government has spent RM3.21 billion to finance fuel subsidies from May to September this year, says the Finance Ministry.

The ministry stated that the government spent RM1.97 billion and RM1.24 billion on RON95 petrol and diesel subsidies respectively.

It was responding to a parliamentary question by Member of Parliament for Sarikei Wong Lin Biu, who asked how much the PH government had spent to maintain RON95 and diesel at RM2.20 and RM2.18 per litre respectively since it took over the administration on May 9.

At the tabling of Budget 2019, Finance Minister Lim Guan Eng had announced targeted fuel subsidies for Bottom 40% (B40) households, which will begin from the second quarter of 2019.

The targeted fuel subsidies will be applicable to cars with engine capacities of 1,500cc or less, and motorcycles of 125cc or below. As part of the subsidy, every eligible car and motorcycle owner can enjoy up to 100 litres and 40 litres respectively of RON95 petrol per month at 30 sen per litre, subject to the market price of petrol. — theedgemarkets.com

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