PM: Structure of fuel subsidy rationalisation scheme still being studied

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KUALA LUMPUR (Oct 30): The government is still studying the structure of a new fuel subsidy rationalisation scheme, said Prime Minister Datuk Seri Najib Razak in a Bernama report.

"It is a bit premature (to disclose) as it is still at 'a request for proposal' stage. As for now, the present system will continue. We will decide when we have the best proposal with a full package," he told Malaysian journalists on a three-day working visit to Dubai in conjunction with the 10th World Islamic Economic Forum, which ended yesterday.

When asked on the timeline, Najib, who is also finance minister, said: "The public will be fully informed mid-next year."

Bernama reported Najib as saying that the new scheme which was reportedly to be divided into three tiers, depending on monthly income, was just part of the proposal.

It was proposed that those earning below RM5,000 per month should continue to enjoy the fuel subsidy, while those earning above RM10,000 would not be eligible. – Bernama