Dr M: The rich can't take advantage of new targeted fuel subsidy scheme
Kuala Lampur, Oct. 11 -- Tun Dr Mahathir Mohamad has commended the new Targeted Subsidy Programme (PSP) for petrol as it will ensure that only the correct group will receive the benefit.
Addressing a press conference after the tabling of Budget 2020 in Parliament today, the prime minister said that the RM30 fixed amount which will be deposited into the accounts of eligible car owners will ensure that the rich will not benefit from the subsidy.
"The subsidy's fixed amount of RM30 is deposited into the accounts of car owners.
"And they have separated the bigger cars from the smaller cars because we find that if we subsidise petrol when they purchase it, that will mean that the very big cars and the people with many cars will benefit from...
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