The decision on the RON95 fuel subsidy rationalisation plan has been fully handed over to the Finance Ministry following a cabinet decision, said Economy Minister Rafizi Ramli.

He said his ministry has engaged with the cabinet four times regarding the matter, and the current position is to await further updates from the Finance Ministry.

“The Finance Ministry will manage the entire process of RON95 subsidy after this, and I think we should wait for their official announcement. It is best to get more details from the Finance Ministry,” Rafizi told reporters after the Johor-Singapore Special Economic Zone (JS-SEZ) Partners Dialogue: Advancing Facilitation forum today.

In March, Finance Minister II Amir Hamzah Azizan was reported as saying that the mechanism for the targeted RON95 subsidy was still being fine-tuned.

He said the government did not want to make any premature announcements on its implementation at the time, and an announcement is expected after the first half of this year.

- Bernama

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