Prime Minister Datuk Seri Anwar Ibrahim told Malaysians in a special televised address on Tuesday (May 21) night that the Cabinet had agreed to rationalise diesel subsidies. He said this would begin with targeted diesel subsidies in the peninsula first and later for Sabah and Sarawak.
To prevent any drastic increases in the cost of goods and services, Anwar said diesel subsidies will be given to traders, and this involves 10 public transportation vehicles and 23 goods transport vehicles.
Read more at https://shorturl.at/XumXX
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
To prevent any drastic increases in the cost of goods and services, Anwar said diesel subsidies will be given to traders, and this involves 10 public transportation vehicles and 23 goods transport vehicles.
Read more at https://shorturl.at/XumXX
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
Category
🗞
NewsTranscript
00:00 This morning, the Cabinet has agreed to implement a subsidy for fuel.
00:10 The subsidy will be implemented on diesel fuel.
00:21 We are discussing the next steps.
00:26 Based on our experience, we will implement a subsidy for diesel fuel.
00:33 This will involve the users in Malaysia and not the Sabah and Sarawak users.
00:41 What is the difference?
00:42 Sabah and Sarawak users use diesel fuel, almost every family uses diesel fuel for their vehicles.
00:48 So we are postponing any action because it will burden the people the most.
00:54 But in the South East, to boost the price of goods and services,
01:00 the Government will provide a diesel subsidy to the businesses that use commercial vehicles,
01:09 motorized diesel,
01:11 involving 10 types of public transport vehicles and 23 types of goods transport vehicles
01:18 under the subsidized diesel control system.
01:22 This means that bus, taxi and fishing businesses will be kept under the subsidy to help them.
01:40 So the Government has agreed to provide fuel assistance to the owners of diesel vehicles
01:46 that are eligible, aside from the ones I mentioned earlier, to small farmers, farmers and small businesses.
01:53 This means that for B40, M40, those who use diesel fuel for small businesses or forced use in agriculture,
02:06 mining, or farming and fishing, will be helped.
02:11 This means that they will not be affected by this subsidy.
02:14 Those who do not benefit from the subsidized diesel subsidy are the T20,
02:22 meaning the richest group above and 38 million foreigners.
02:29 So, we should implement the subsidized diesel subsidy,
02:36 which will be a total of RM4 billion a year.
02:42 The RM4 billion will be used by the richest group and the 38 million foreigners.
02:51 I would like to emphasize here,
02:54 some people say that we should increase the subsidy,
02:59 but it is not for the people.
03:01 We should increase the subsidy only for the rich and foreigners.
03:07 If there are people who are burdened by diesel,
03:11 there is room for them to refer to the Ministry of Transport and related ministries
03:19 so that the subsidy for diesel fuel can be ensured that it only affects the rich and foreigners and does not burden them.
03:34 Of course, I expect that some parties will be excited about this issue.
03:40 And I, God willing, with my friends, the Ministerial Committee, will answer.
03:47 Because I give the statement that a single subsidy requirement does not have to burden the people the most.
03:56 If asked why it is necessary,
03:59 because we are not able to subsidize the rich and foreigners.
04:06 If there are parties who choose to continue this basis that enriches the rich and foreigners,
04:16 please tell the people, let the people choose.
04:20 Either to choose the basis to give RM4 billion of funds that were saved directly to the people,
04:30 or they give it to the rich and foreigners.
04:35 Thank you.
04:36 [END]