Prime Minister Datuk Seri Anwar Ibrahim has announced that the government is looking into the best mechanism in regards to revising petrol subsidies for high-income groups.
He explained that this proposal is being discussed by several ministries and relevant committees, though they have yet to finalise whether the revision will involve the T20 community, the T15 community or those in other categories.
“The proposal has been studied for 3 weeks to a month or so, but it has not been confirmed whether it will be for the T20 (community) or the T15 (community), so as not to burden the upper middle class, and then it will be easy to implement,” he said.
Anwar, who is also the Finance Minister, added that the proposal will be finalised in the near future.
Securing domestic supply
This plan is expected to focus on efforts to ensure that domestic oil supplies remain sufficient to support the country’s economic activities, after the government had previously guaranteed that the current supply would last until June.
Source: BERNAMA
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