Business

Published: Tuesday November 17, 2009 MYT 2:54:00 PM
Updated: Tuesday November 17, 2009 MYT 2:55:25 PM

Many motor vehicle owners may be entitled for fuel subsidy


PUTRAJAYA: The government has targeting May next year for implementation of the fuel subsidy system, said Minister of Finance II, Datuk Seri Ahmad Husni Hanadzlah.

Husni said the structure of the fuel subsidy system will be ready by April.

"A large number of motor vehicles owners will most likely be entitled to the subsidy," he told reporters after celebrating his ministry's Innovation, Integrity and ICT day.

According to Husni it is envisaged that the fuel subsidy system would enable huge savings for the government.

"We will also take into consideration the government's aim in ensuring the welfare of the people, as well as the economic development of the country," he said.

He said there is also a possibility that those in the higher income bracket as well as toursits, would not be eligible for the subsidy.

"We are studying the criteria for the subsidy now, with the engine size of motor vechicles, being a possible benchmark," he explained. - Bernama

  • E-mail this story
  • Print this story