<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on December 31, 2019</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: The government is postponing the targeted fuel subsidy programme’s implementation, which was to begin in January 2020.</p></div>

<div class=newsTextDataWrapInner><p>In a statement yesterday, Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said the decision to defer the Petrol Subsidy Programme (PSP) until further notice was made at a cabinet meeting on Dec 18.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Saifuddin said prior to the PSP’s implementation, fuel prices will still be based on the existing price mechanism.</p></div>

<div class=newsTextDataWrapInner><p>He said this decision was to ensure sufficient time to hold briefings and explanation sessions to prepare consumers for the PSP’s implementation.</p></div>

<div class=newsTextDataWrapInner><p>Saifuddin said the postponement is also to provide more time for the finance ministry to register the subsidy’s beneficiaries, totalling eight million people from the below 40% and middle 40% income groups.</p></div>

<div class=newsTextDataWrapInner><p>The government has allocated RM2.4 billion for the PSP in Budget 2020.</p></div>


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According to marke...

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