Petrol at Pump May Follow Market Price Next Year

KUALA LUMPUR, Oct 27 -- Datuk Seri Ahmad Husni Hanadzlah did not discount the possibility that petrol price at the pump could follow the market price or without subsidy once the restructuring of petrol subsidisation is implemented early next year.

The Second Finance Minister said with the new structure, the offer of subsidy will be more targeted to the qualifying group or the holders of MyKad to enjoy the subsidised petrol price.

"The system is being developed and will be implemented between the first and second quarter," he told reporters after officiating the National Taxation Seminar 2009 here on Tuesday.