Malaysia to restructure RON95 petrol subsidy, withdrawing from top 15% income group & foreigners by mid-2025.

Malaysia's Finance Minister II, Datuk Seri Amir Hamzah Azizan, announced that the government is analyzing data to ensure subsidies for petrol, health, and education target the right groups. The RON95 subsidy will be withdrawn for the top 15% income group and foreigners to focus aid on those in need. A new income classification method will include net income to enhance fairness. A two-tier RON95 subsidy system is expected by mid-2025, benefiting 85% of the population.

October 20, 2024
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