A car filling up diesel at a petrol station in Kuhcing. Photo credit: DayakDaily

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By DayakDaily Team

KUCHING, April 29: The Ministry of Finance (MOF) is currently reviewing a more targeted diesel subsidy mechanism for Sabah and Sarawak, including possible approaches similar to the BUDI95 scheme implemented in Peninsular Malaysia.

In a TVS news, Communications Minister Datuk Fahmi Fadzil said the proposal is being carefully refined to ensure a more effective subsidy system that benefits targeted groups while maintaining fiscal sustainability.

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“These efforts are part of the government’s gradual improvement of the subsidy system to make it fairer and more sustainable across the country.

“At this stage, pricing for Sabah and Sarawak has not been discussed as the matter is still under review by the MOF,” he said during the weekly press conference in Putrajaya today.

Fahmi, who is also the unity government spokesperson, added that there is currently no need to reduce fuel subsidies as supply remains stable.

“Based on current information, supply, particularly from PETRONAS, is sufficient to meet demand in May and June and poses no issues.

“However, the National Economic Action Council (MTEN) is closely monitoring global crude oil prices and related products such as RON95 and diesel, following ongoing instability in the Strait of Hormuz,” he added. — DayakDaily