00:00Malaysia will continue with its fuel subsidy reform despite the possibility of a general election this year, according to Deputy
00:08Finance Minister Liu Chin Tong.
00:10The government is considering whether to slightly reduce the quota of subsidized fuel for Malaysians to manage demand,
00:17while ensuring that lower-income groups are protected amid the global energy crisis, Liu was quoted as saying by Bloomberg.
00:24He added that another measure under review is shifting diesel usage in the Borneo states to a similar subsidized allocation
00:33mechanism.
00:34Over the weekend, Prime Minister Anwar Ibrahim said the government was reviewing a rationalization of fuel subsidies for higher-income
00:42earners.
00:43The country was expected to spend about RM7 billion on fuel subsidies in April, about 10 times more than before
00:51the conflict, highlighting a mounting fiscal strain.
00:54Liu said ensuring consistent supply for as long as possible was a bigger concern for him at the moment than
01:01fiscal issues.
01:02Hanyu Jo, FMT.
