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Fuel subsidies are part and parcel of Malaysian life. It’s something we tend to take for granted, especially as the rest of the world suffers from the fallout of tensions in West Asia.
With the current BUDI95 subsidy scheme helping tide the effects of the closure of the Strait of Hormuz, there’s another question being asked: Should people in the T20 bracket be allowed to enjoy the same subsidies that would otherwise benefit lower income groups more?
According to Ahmed Razman Abdul Latiff, an economist at Putra Business School, they should be excluded entirely. This, he argues, would lead to RM1.5 billion in savings every month.
Limiting fuel subsidy scheme to those who actually need it
In order to qualify for the BUDI95 scheme, you need to hold…