The Madani government will implement the RON 95 subsidy rationalisation as planned, and it will be rolled out in the second half of this year, second finance minister Datuk Seri Amir Hamzah Azizan said.
The senator said that discussions about RON 95 subsidy rationalisation are still ongoing at the cabinet level to detail the best mechanism for a full roll-out that’s fair to the rakyat, BH reported.
“The prime minister (Datuk Seri Anwar Ibrahim) and the cabinet have discussed, where we will raise the eligibility level to receive subsidies. The second thing is the mechanism that will be used – as announced by the PM, we will use the identity card, and every Malaysian citizen has one,” he said after officiating the MIA International Accountants Conference 2025 in KL today.
Amir Hamzah reiterated that MyKad is the way to go. “We have already used the identity card for the SARA (Sumbangan Asas Rahmah) scheme, and it works. So for now, the finance ministry is tightening the system so that we can use it for RON 95 subsidy implementation,” he added.
This comes after the PM was quoted as saying that the government guarantees that the price of RON 95 will not be raised for the rakyat, although the matter was discussed by the cabinet. Anwar said that there was a push for the RON 95 price to be raised, but he did not agree with the proposal.
“I’m thinking of the RON 95 petrol subsidy issue. Some have asked for the price to be increased for the rakyat. However, I don’t agree. If it is to be done, RON 95 price adjustment (the amount of subsidy) has to go down bit by bit according to timing and market price,” the PKR president said in his winding up at the party’s congress in Johor over the weekend.
However, foreigners will have to pay more for fuel. “Foreigners enjoy RM3-4 billion in subsidies. Maybe after this, to buy RON 95 petrol, one will have to show his identity card,” Anwar said, stressing that the pump price for around four million foreigners in Malaysia has to be raised.
So, looks like it’s still on, and when the PM mentions rakyat, it excludes the T15s – we should’ve known, because in his books, those are the ‘maha kaya’. In any case, RON 95 subsidy rationalisation is no longer under the economy ministry and Datuk Seri Rafizi Ramli, and the MoF is in charge now.
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