SUBSIDY FOR FUEL AND GAS COULD GO UP IF WORLD OIL PRICE GOES UP
Bernama - 2 hours 38 minutes ago
KUALA LUMPUR, May 21 (Bernama) -- The subsidy for fuel and gas amounting to RM50 billion this year may vary and could go up based on the world crude oil price which has been going up, Minister of Domestic Trade and Consumer Affairs Datuk Shahrir Abdul Samad said.
He said that amid the possibility of world oil price going up to the US$137 per barrel level in line with demand, the subsidising figure will continue to go up from time to time.
"The country's subsidy currently stands at RM50 billion based on the price of crude oil at US$135 per barrel," he said at the winding up debate for his ministry on the motion of thanks for the royal address at the Dewan Rakyat today.
Oil price at the world market stood at US$130 per barrel today. -- BERNAMA
BERITADARIGUNUNG: Am waiting for Shahrir's long list of recommendations. Better be good otherwise mind is not as big as mouth.