<ul><li>The economy ministry has handed over the RON 95 petrol subsidy rationalisation plan to the finance ministry, as announced by economy minister Rafizi Ramli.</li><li>The decision to transfer the responsibility for the targeted fuel subsidy to the finance ministry was made by the cabinet after it was brought up four times by the economy ministry.</li><li>The petrol subsidy rationalisation will be implemented in two phases, with the front-end phase involving operational execution at petrol stations and the back-end phase involving eligibility determination for recipients in the lower 85% income group.</li><li>The government plans to introduce targeted RON 95 subsidies taking into account the current economic situation, with the mechanism likely to be based on a two-tier pricing system with both subsidised and non-subsidised prices.</li></ul>

Economy ministry has handed over RON95 fuel subsidy implementation to finance ministry – Rafizi

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