Sunday August 24, 2008
Government may relook fuel rebate scheme, says Najib
PEKAN: The Government may reconsider the fuel rebate system if people do not appreciate the initiatives taken by the Government to reduce their burden due to high petrol prices.
Deputy Prime Minister Datuk Seri Najib Tun Razak said the Government could channel the rebates into subsidies to reduce pump prices but this would not be fair to lower income groups.
“We do not want to resort to such measures because people driving big cars such as Bentley, Jaguar and BMW 7 series will also enjoy the subsidies,” he told reporters after visiting an education and career exhibition here yesterday.
He was asked to comment on grouses that the fuel price reduction was not enough.
An annoyed Najib said people tended to forget that they were getting the rebates.
“The rebate, if translated, will be equivalent to a subsidy of between 35 sen and 40 sen a litre. If the people do not appreciate the rebates, it is better for us not to give rebates in the future,” he said.
On whether the reduction in fuel price would result in lower food price, Najib said the Government hoped that the inflation trend would decrease.
He said further petrol price reductions would depend on the world fuel prices.
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