Diesel subsidy changes to be announced earlier, says Armizan

The Minister of Domestic Trade and Cost of Living, Armizan Mohd Ali, announced that the changes to the diesel subsidy mechanism would be revealed within a month. Ali stated that the feedback from the ministry and the state governments of Sabah and Sarawak had been relayed to the finance ministry, which manages the subsidies. He expressed optimism that the announcement could be made even earlier than the previously estimated one to two month period.

Ali mentioned that several enhancements have been identified to ensure the subsidy system continues to protect the welfare of the public. The improvements comprise a simplified application procedure, altered eligibility standards for hire-purchase vehicles, and the transfer of quotas to family members.

The minister also revealed that the ministry had opened an investigation under the Price Control and Anti-Profiteering Act against two ferry operators for raising ferry fares between Kudat and Banggi Island. The companies have not responded to a notice requesting information, leading Ali to direct the Malaysia Competition Commission to investigate potential price-fixing.

He cited complaints of collusion, as both companies had simultaneously announced fare increases, emphasizing that any such collusion is a violation of the Competition Act. Ali also noted that the two ferry companies have not submitted their applications for the diesel subsidy, despite being advised to do so. He proposed that the Sabah government consider taking over the licensing of passenger ferries under the Sabah Ports and Harbour department.