'T15 classification for RON95 subsidy to be announced by mid-2025'

 

PARLIAMENT | The classification of people in the country, particularly the T15 (high-income group), for the RON95 petrol subsidy rationalisation will be announced by mid-2025, according to Economy Minister Rafizi Ramli.

He said the announcement will give room for appeal to those who have yet to register for the Central Database Hub (Padu) and those who have registered but are ineligible for the subsidy.

"There will be an appeal mechanism, so this must be done prior to the implementation at petrol stations. Hence, the first half of 2025 is for completing that (determination of classification) first," he said during a question-and-answer session in the Dewan Rakyat today.

He was answering a question from Mohd Radzi Md Jidin (PN-Putrajaya) on the targeted RON95 petrol subsidy implementation and the approach for those affected to receive the appropriate assistance.

Rafizi said the targeted RON95 subsidy will be based on net disposable income, whereby 85 percent of Malaysians are expected to be eligible.

Previously, Prime Minister Anwar Ibrahim said the targeted subsidy plan for RON95 petrol can result in annual savings of RM8 billion, as wealthy individuals, foreign nationals and businesses, constituting 15 percent of consumers, disproportionately benefit from 40 percent of the RON95 subsidy.

- Bernama