The economy minister’s remarks come after the 2022 Auditor-General’s Report revealed that Putrajaya spent some RM55.443 billion on various subsidies last year.
Economy minister Rafizi Ramli said the most effective way to reduce leakages would be to narrow the price gap between subsidised and unsubsidised diesel.
Rafizi said the high subsidy costs were partly due to significant leakages in the system, notably in the case of diesel. “Now that diesel prices are artificially capped at the pump, what we are witnessing is people filling up their tanks with diesel at pump stations and then they sell it back to the industry,” he told reporters after launching the World Bank’s Malaysia Economic Monitor October 2023 edition here today.
Rafizi was asked to comment on the 2022 Auditor-General’s Report which revealed that Putrajaya spent some RM55.443 billion on various subsidies last year, an increase of 322.1% compared to 2021.
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