fbpx
Connect with us

News

Finance Minister Assures M’sians That The Govt Still Has Enough Money To Continue Fuel Subsidy

Published

Feat Image Tengku Zafrul Fuel Subsidy
Source: Tengku Zafrul/Twitter & Bernama

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has reassured Malaysians that the government will continue to provide fuel subsidy for the rakyat and that there is still sufficient funds to do so. He further stressed that the government will continue to support Malaysians so as to protect their livelihoods, especially vulnerable groups.

As reported by national news agency Bernama, Tengku Zafrul asserted that the government will continue to do so despite the rising prices of crude oil globally. However, the government will also continue to monitor the global oil prices to craft a long-term plan in which one of the measures that may be implemented is a targeted subsidy.

558C8Ef7 2318 4816 Ba95 068Df79B7F52

The Finance Minister clarified that the amount of subsidies for this year will reach RM70 billion, meaning that the fuel subsidy will reach RM30 billion. Last month, fuel subsidy for the country has already reached RM5 billion a month. Despite that, Tengku Zafrul also elaborated that currently, the government has no intention of asking for additional dividend from Petronas to bear the subsidy.

What do you guys think of the statement by the Finance Minister? Share your thoughts with us in the comments.

 

Also read: “BMW can’t get the same subsidies as Kancil”, Govt To Introduce New Targeted Fuel Mechanism

Feat Image New Fuel Mechanism

Source: BERNAMA

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

My Post 1 2024 02 22T155556.106 My Post 1 2024 02 22T155556.106
News4 hours ago

Swiss NGO is Calling for M’sian Govt to Freeze Deceased Former Sarawak Ex-Governor’s Assets

Former Sarawak Chief Minister, Tun Abdul Taib Mahmud, passed away yesterday (February 21) at the age of 87. In the...

Feat Image Assault Mother Feat Image Assault Mother
News5 hours ago

36yo M’sian Brutally Assaults His Sleeping 74yo Mother With Steering Lock Over Shoe Cabinet Placement

The Royal Malaysia Police (PDRM) has arrested a 36-year-old Malaysian man after he physically assaulted his elderly mother using a...

My Post 3 2024 02 22T131441.096 My Post 3 2024 02 22T131441.096
News6 hours ago

Differently-Abled M’sian Beggar Discovered to Own Premium Proton X70 After Begging at Pasar Malam

Unfortunately, Malaysia is abundant with homeless people and beggars who are down on their luck and require the general public’s...

Collage 51 Collage 51
News7 hours ago

“We live to eat” – M’sia Has the 2nd Highest Overweight Population in SEA, Netizens Blame the Food

There is nothing more important than your physical and mental health to live a longer, happier life. Being overweight is...

My Post 1 2024 02 22T122236.261 My Post 1 2024 02 22T122236.261
News7 hours ago

M’sian Govt is Offering Up to 50% Off Discounts on Selected PDRM Summons Starting Tomorrow!

It’s no secret that Malaysians are rather reckless when it comes to following road rules, from parking wherever we please...

Collage 7 2 Collage 7 2
News8 hours ago

71 Election Workers in Indonesia Overworked Themselves to Death, While 4,000 Others Fell Sick

Work is, of course, important, especially when you have deadlines to catch and KPIs to reach. In this competitive time,...

Starbucks Starbucks
News8 hours ago

“Positive outlook” – Starbucks M’sia’s Parent Company Faces RM42 MILLION Loss Due to Recent Boycott

Bernama Food reported a loss of RM42.6 million due to the Starbucks boycott during the recent Israel-Palestine conflict. This led...

Feat Image Supra Drift Fail Feat Image Supra Drift Fail
News9 hours ago

M’sian Fails Drift Attempt With His Toyota Supra & Crashes into Parked Car in Batu Pahat, Gets Arrested

A viral video has been circulating on social media recently, showing an owner of a silver Toyota Supra driving dangerously...

Announcement

Latest Videos



TRENDING TODAY