Govt can save RM10.7m in subsidies with B10 biodiesel


Primary Industries Minister Teresa Kok Suh Sim said the use of B10 biodiesel would also enable the government to save RM1.6 billion in diesel import costs annually.

KUALA LUMPUR: The use of B10 biodiesel in the transportation sector can help the government save RM10.7 million in subsidies annually, if it is successfully implemented, said Primary Industries Minister Teresa Kok Suh Sim.

She said the use of B10 biodiesel would also enable the government to save RM1.6 billion in diesel import costs annually.

“This is because the biodiesel price is currently at RM2.28 per litre, whereas diesel is currently sold at RM2.31 per litre,” she when responding to a question from Chan Foong Hin (DAP-Kota Kinabalu) in the Dewan Rakyat here today. 

 Kok said the industrial diesel price was currently priced between RM2.60 and RM2.80 per litre compared with the biodiesel price of RM2.28 per litre.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

biodiesel

   

Next In Business News

Etiquette at an open house
Trump’s presidency a boon
Elevating outdoor oases
GDA stands firm on RM11 offer for MAHB despite directors' rejection
Ringgit expected to trade within narrow range next week amid holiday calm
Oil steady as markets weigh Fed rate-cut expectations
The beauty of Hygr’s formula
Top Glove bullish on outlook amid steady order inflows
US market - prudence is golden
Book speaks volumes about Penang food

Others Also Read