Fuel subsidies to cost RM15.9b for 2011, says MOF

(The Malaysian Insider) – The government will spend RM15.9 billion in petrol and diesel subsidies in 2011, Deputy Finance Minister Datuk Donald Lim Siang Chai told Parliament today.

This is a significant increase from the RM9.6 billion spent last year, more than 50 per cent up.

Lim said the government was looking out for the people, easing their financial burden through these subsidies, The Star reported.

He said however that they needed to be careful that only those in need benefitted from the subsidies.