Targeted fuel subsidy under fine tuning process

GEORGE TOWN: The government’s targeted fuel subsidy meant for the B40 (lower income) group is in the fine tuning process, said Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.

“Although in terms of the timeline it should have been announced in the first quarter of this year… it is now in the final phase,” he told reporters after attending an Aidiladha event at Surau Bandar Bayan Baru here yesterday.

He explained that the phase involved much cross-checking of data to ensure only those truly eligible received the subsidy and that references were being made to the ‘Bantuan Sara Hidup’ initiative, Road Transport Department, National Registration Department, Inland Revenue Board and Bank Negara. Once completed, he said the paper would be tabled to the Cabinet and if approved, an announcement would be made for implementation throughout the country. – Bernama