Najib says what has been revealed over fuel subsidy is not the entire deal

Najib says what has been revealed over fuel subsidy is not the entire deal

Malaysia - The new fuel subsidy scheme will only take effect in the middle of next year after the Government has determined the best rationalisation package, says Datuk Seri Najib Tun Razak.

The Prime Minister said what was revealed recently over the scheme was not the entire deal.

He added that he was aware there were concerns from the public, particularly over when it would come into effect.

The Government, he said, was going through a number of proposals and would announce the full subsidy rationalisation package once the best one had been selected.

"What was announced is just preliminary," Najib said.

"We have not announced the entire package and cannot do so until we have gone through the proposals and decided on the best one for us to implement," he told Malaysian media at the conclusion of the 10th World Islamic Economic Forum yesterday.

"We are looking at (implementing it) around the middle of next year. The public will be fully informed of the proposal," he said.

However, the Government is said to be looking at an earlier date to kick off the new subsidy scheme for diesel.

On Monday, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah announced that those earning below RM5,000 (S$1900) a month would receive full subsidy.

He said those drawing an income of between RM5,001 and RM10,000 a month would receive "partial subsidy".

There would be none for those earning more than RM10,000.

The public responded by asking how the new subsidy system would work, whether it could be abused, and if their salary information would remain private, among others.

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