KUALA LUMPUR (Dec 30): The government is postponing the implementation of the targeted fuel subsidy programme, which was slated to begin in January 2020.
In a statement today, Minister of Domestic Trade and Consumer Affairs Datuk Seri Saifuddin Nasution Ismail (pictured) said the decision to defer the Petrol Subsidy Programme (PSP) until further notice, was made in a Cabinet meeting on Dec 18.
Saifuddin said prior to the PSP implementation, fuel prices will continue to be based on the existing petrol price mechanism.
He said this decision was to ensure there is sufficient time to hold briefings and explanation sessions to prepare consumers for the PSP implementation.
Saifuddin said the postponement was also to provide more time for the finance ministry to register the members of the M40 group that are entitled to receive subsidised fuel.