Finance Minister Tengku Zafrul stated that the government is testing mechanisms for a targeted fuel subsidy but has yet to set a timeline, pending Cabinet approval. He emphasised ensuring suitable systems, considering different needs in rural and urban areas. Zafrul also affirmed the central bank’s independent control over the overnight policy rate (OPR) and noted strong economic indicators, including 5% GDP growth and rising consumer spending, supporting economic resilience.TESTING A NEW FUEL SUBSIDY SYSTEM
Finance Minister Tengku Zafrul stated that the government is testing mechanisms for a targeted fuel subsidy but has yet to set a timeline, pending Cabinet approval. He emphasised ensuring suitable systems, considering different needs in rural and urban areas. Zafrul also affirmed the central bank’s independent control over the overnight policy rate (OPR) and noted strong economic indicators, including 5% GDP growth and rising consumer spending, supporting economic resilience.


