Fahmi: Finance ministry to review diesel subsidy mechanism, raise biodiesel blend to B15
PUTRAJAYA, April 15 -- Communications Minister Datuk Fahmi Fadzil said the government has instructed the Ministry of Finance to review the targeted diesel subsidy mechanism.
He said the directive was issued by the Prime Minister Datuk Seri Anwar Ibrahim during today's Cabinet meeting, with the review expected to consider approaches similar to previously implemented subsidy models.
"The Ministry of Finance will present its findings either at the next National Economic Action Council meeting or at the upcoming Cabinet meeting next week," he said at the ministry's weekly press conference here today
He also said the Cabinet also deliberated on biodiesel policy and agreed to increase the biodiesel blending rate from B10 to B15, beginn...
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