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New: Govt Ready to Absorb Up to RM45bil Fuel Subsidy Bill to Shield Malaysians
🇲🇾 Malaysia · Economy · 2 d ago
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New: Govt Ready to Absorb Up to RM45bil Fuel Subsidy Bill to Shield Malaysians
According to Anwar, the decision is aimed at protecting Malaysians, particularly low and middle-income groups, from the impact of rising fuel prices and living costs.
Fuel Subsidy “If we raise fuel prices according to market rates, people may have to pay an additional RM2, RM3 or even RM5 a day.
Speaking at the Sentuhan Kasih MADANI Programme and the launch of the National Cost of Living Action Plan 2030 at the Hang Jebat Sports Complex in Krubong, Anwar said it was better for the government to bear the higher subsidy cost than to place further pressure on ordinary Malaysians.
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