KOTA KINABALU: The government will be announcing the implementation of the targeted petrol subsidy for the Bottom 40% (B40) income group, says Datuk Seri Saifuddin Nasution Ismail.
The Domestic Trade and Consumer Affairs Minister said a joint paper by his ministry and the Finance Ministry had been finalised and would be tabled in Cabinet.
He said the joint paper was finalised in a meeting attended by him and Finance Minister Lim Guan Eng as well senior officers of both ministries on Wednesday.
"It will be tabled at the Cabinet for approval or for further amendments soon.
"If the Cabinet is satisfied, the government will announce its implementation nationwide soon, " he said.
READ MORE: Cash payout for petrol subsidy scheme, say ministry sources
Saifuddin told a media conference after the opening of "Say No to Tender Cheating Seminar" by Sabah Chief Minister Datuk Seri Mohd Shafie Apdal here Thursday (Aug 9).
The event was organised by the Malaysia Competition Commission (MyCC). Also present was MyCC chairman Datuk Seri Mohd Hishamudin Md Yunus.
Saifuddin was commenting on Budget 2019 tabled by Lim in November last year that owners of cars with engine capacity 1, 500cc and below as well as motorcycles with engine capacity of 125cc and below would enjoy 30 sen per litre RON95 petrol subsidy.
Through the subsidy mechanism, car owners will be receiving the petrol subsidy limited to 100 litres and 40 litres for motorcyclists.
On the abuse of Approved Permit (AP) issued to import round cabbage, which created unfair competition and causing prices of vegetable to rise, Saifuddin said a report on findings of the food sector market study by MyCC would be tabled in Cabinet.
He said this would be followed by actions including improvements on any agencies on the import of cabbage.
