No plans for targeted RON95 petrol subsidy, says PM

KUALA LUMPUR: There are no plans to rationalise RON95 petrol subsidy for now, says Datuk Seri Anwar Ibrahim.

The Prime Minister said the government is instead prioritising the public understanding of the diesel subsidy.

"The matter has not been discussed. We will deal with the issue of diesel first," he told reporters during the National Tax Conference 2024 at Kuala Lumpur Convention Centre today.

Anwar, who is also the Finance Minister, said that various measures are being taken to boost government revenues, including prudent spending and borrowing when absolutely necessary for development purposes.


"Naturally, subsidy rationalisation is a comprehensive effort that covers a broader spectrum (to help reduce the government’s yearly borrowing).

"(Other efforts include) tackling corruption and (undertaking a) more efficient manner of enforcing the law and taxation efforts," noted Anwar.

"If we don't do it, our revenues will not increase, but our debt will continue to rise," said the Prime Minister.