KUALA LUMPUR, June 24 — Finance Minister II Datuk Seri Amir Hamzah Azizan said the diesel subsidy rationalisation programme has produced an encouraging impact and is...
Prime Minister Datuk Seri Anwar Ibrahim and Finance Minister II Datuk Seri Amir Hamzah Azizan are seen at Dewan Rakyat in Kuala Lumpur June 24, 2024. — Bernama picKUALA LUMPUR, June 24 — Finance Minister II Datuk Seri Amir Hamzah Azizan said the diesel subsidy rationalisation programme has produced an encouraging impact and is progressing as planned.
“For everyone’s information, following the implementation of targeted diesel subsidies, records show that the volume of retail diesel sales at petrol stations has decreased by nearly eight million litres per day or 30 per cent in the first week after the announcement of the diesel price float compared to the week before.
“This confirms that there were indeed diesel smuggling activities to our neighbouring countries,” he said, adding that enforcement agencies are actively collaborating and organising various operations to curb smuggling.These bodies are responsible for curbing any elements that threaten the stability of the supply of goods and services and preventing profiteering in the market.
Last year, 877 cases were handled under Ops Tiris 1.0 and 2.0 involving the seizure of approximately 6.4 million litres of diesel with an estimated value of over RM14.2 million.
Diesel Subsidy Rationalisation Finance Ministry
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