Targeted RON95 petrol subsidies will be delayed, says Ahmad Maslan

Deputy Finance Minister Datuk Seri Ahmad Maslan has announced that the government is working on introducing targeted subsidies for electricity and diesel, but the implementation of targeted subsidies for RON95 petrol will be delayed.

The Deputy Finance Minister did not provide a specific timeline for the implementation of the subsidies but promised to make an announcement soon.

The Deputy Finance Minister said during his winding-up speech on Budget 2023 at the committee stage in Parliament on Monday (March 13). THE STAR reports.

Currently, electricity tariffs for low voltage non-domestic users such as micro businesses and small and medium-sized enterprises are being subsidised.

The Deputy Finance Minister also mentioned that there was RM10.9bil in unclaimed monies with the Accountant-General’s Department, and measures will be taken to make the claims, including setting up an online portal for checks, counters at the Accountant-General’s Department, and special booths.

Finally, the implementation of the luxury goods tax is expected to be announced in June of this year.