Kuala Lumpur: A targeted fuel subsidy will replace the current policy following the sharp rise of global crude oil prices, says Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz.
If the current blanket subsidy programme is continued, he said, the government could be paying up to RM28bil in subsidies for petrol, diesel and liquefied petroleum gas (LPG) this year.
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