Claims on social media that diesel subsidy can be discontinued on Jan 1, 2024 is pretend information, says the home commerce and price of residing ministry (KPDN).

Within the denial assertion launched yesterday, reported by Bernama, the ministry stated that it’s as a substitute finishing up a pioneer mission to judge the effectiveness of the fleet card and MySubsidi Diesel methods involving six corporations with skid tank quotas ending January 14, and the pioneer mission doesn’t contain particular person diesel autos.

“The testing course of must be carried out to take a look at the system’s effectivity in order that it actually meets the specs and aims of the diesel subsidy restructuring as deliberate. KPDN hopes there won’t be any events spreading unclear or complicated statements,” the assertion learn.

KPDN added that an official assertion on the restructuring of diesel subsidies can be made by the ministry and the finance ministry after engagement classes and a trial run of the fleet card and MySubsidi Diesel methods are accomplished.

Whereas January 1 is pretend information, diesel is about to go down the focused subsidy route quickly, as talked about by finance minister and PM Datuk Seri Anwar Ibrahim within the tabling of Finances 2024. He stated that subsidised diesel will proceed to be loved by teams resembling items transport and logistics corporations, whereas different customers can be charged a better worth.

Other than subsidy invoice financial savings for the federal government, curbing leakage and smuggling was cited as a essential motive – the worth differential between our subsidised RM2.15 per litre and in neighbouring international locations is substantial. Anwar stated that the market worth for diesel is RM3.75 per litre and the federal government is bearing RM1.60 for every litre of diesel bought at RM2.15 per litre, or round RM1.5 billion ringgit in complete.

Though solely diesel was talked about in Finances 2024, it was subsequently introduced that blanket petrol subsidies will even be ending within the second half of 2024. Subsequent month, Malaysians might want to register themselves on-line on the Pangkalan Information Utama (PADU) web site to seek out out in the event that they qualify for the focused RON 95 subsidy – full story right here.

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