Under the targeted subsidy system, the retail price of diesel in Peninsular Malaysia has been set at RM3.35 (£0.58) per litre.
The Government Is Also Studying Proposals to Increase Subsidies for School and Express Buses
The Ministry of Domestic Trade and Cost of Living (KPDN) is considering to add several other types of goods vehicles under the Subsidised Diesel Control System (SKDS), as reported by the Bernama News Agency on 12 June 2024.
SKDS is a specific platform that allows selected public and goods vehicles to continue receiving diesel subsidies through the fleet card.
Minister Datuk Armizan Mohd Ali stated that, with the implementation of targeted diesel subsidies, some parties have directly submitted applications to KPDN to include additional types of goods vehicles in the diesel subsidies list under SKDS 2.0.
“Other proposals include increasing the existing basic quota under SKDS 1.0 for public transportation vehicles such as school and express buses,” he said in a statement, as reported by Bernama.
“KPDN is currently reviewing all these suggestions, and they will be promptly submitted for consideration to the Diesel Subsidy Approval Committee. This committee comprises representatives from KPDN, the Ministry of Finance, the Ministry of Transport, the Road Transport Department, the Land Public Transport Agency, and the Royal Malaysian Customs Department,” he explained.
The minister then added that the Appeal Committee (a subset of the Diesel Subsidy Approval Committee) will then forward its recommendations for all appeals to the Cabinet for consideration and decision.
The government has announced that the retail price of diesel in Peninsular Malaysia has been set at RM3.35 (£0.58) per litre effective June 10 under the targeted subsidy system.
