KUALA LUMPUR: The Finance Ministry (MoF) said the detailed implementation plans for targeted subsidies for RON95 petrol will be announced by end of September, in line with Prime Minister Datuk Seri Anwar Ibrahim’s statement on July 23.
In a written parliamentary reply, MoF said the government is actively developing and testing the subsidy targeting mechanism to ensure smooth execution upon rollout.
“This includes refining data from agencies such as the National Registration Department, Road Transport Department and the Department of Statistics Malaysia (DoSM),” it said.
“The government aims to adopt a more comprehensive approach to ensure RON95 subsidies reach the intended target groups.”
MoF was responding to a question from Mohd Sany Hamzan (PH-Hulu Langat), who asked for an update on the subsidy retargeting implementation, particularly the front-end and back-end phases announced by the Economy Ministry.
According to MoF, once implemented, the retargeted subsidy mechanism will allow eligible Malaysians to enjoy RON95 at RM1.99 per litre through MyKad verification.
Non-citizens and those ineligible for the subsidy will pay the unsubsidised market rate.
Earlier, Finance Minister II Datuk Seri Amir Hamzah Azizan, who has taken over the duties of the economy minister, said the first detailed application of the Central Database Hub (Padu) will be for implementing targeted subsidies for RON95 recipients, pending its full rollout.
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