Fuel subsidy cuts to be tiered, says Husni
Published: Oct 27, 2014 12:26 PM | Updated: Oct 27, 2014 5:49 PM
KINIBIZ According to Second Finance Minister Ahmad Husni Hanadzlah, the fuel subsidy rationalisation programme will be divided into three tiers, depending on the monthly income of the user, according to a report by the New Straits Times .
Husni explained that those earning below RM5,000 will receive a full subsidy, while Malaysians earning between RM5,000 and RM10,000 will have some form of subsidy, though there are no further details on the quantum of the subsidy at this time.
Under the programme, those earning RM10,000 and above would not be eligible for any fuel subsidy.
“The programme is being worked on by the Domestic Trade, Cooperatives and Consumerism Ministry,” the minister said.
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