The government’s proposed targeted fuel subsidy mechanism will not only rely on vehicle engine performance data from the Road Transport Department (JPJ), but will identify those eligible for targeted petrol subsidies by integrating information from all available databases. Bernama reports.
Domestic Trade and Cost of Living (KPDN) Minister Datuk Seri Salahuddin Ayub said the comprehensive database is not only from JPJ but also from the Inland Revenue Board (IRB), Bank Negara Malaysia (BNM), Khazanah Nasional, it will also consist of the statistics department. Malaysia (DOSM) as well as university studies results.
Stating that a comprehensive dataset is important and necessary for the proposed mechanism to succeed, he reiterated that identification would not be based solely on information from the JPJ database.
It was previously announced that the beneficiaries of the 95 RON gasoline subsidy system will be identified based on the performance data of vehicle engines, so it can be questioned whether it is appropriate to provide targeted gasoline subsidies based on the cubic capacity of vehicle engines.
“I have already clearly stated that JPJ data is among the necessary data, and we will have data from IRB, Khazanah, DOSM, BNM and university studies as well. We need to collect all the data. The ministry or the National Action Council on Cost of Living (NACCOL) will look at all the data before taking a final decision,” he said.
While the document on targeted subsidies was unveiled at the NACCOL meeting – chaired by Prime Minister Datuk Seri Anwar Ibrahim – last week, the current fuel subsidy policy is expected to remain in place until the Cabinet decides on a new targeted subsidy mechanism. to burden the rakyat, Salahudin said earlier.