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Johari: No need for subsidy mechanism at current fuel prices

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While the government is considering ways to provide aid for the poor should fuel prices go up, this is currently unnecessary.
This is because the current prices of between US$45 and US$55 a barrel are still reasonable, said Finance Minister II Johari Abdul Ghani, but it would be a different story if the prices are much higher.
“There is no mechanism yet. We are considering to see how it goes, but so far I think there is no necessity at this stage for us to change.
“If the fuel prices return to US$100 per barrel prices, for example, then we may need this (mechanism).
"At around US$55 or US$54, it is still very reasonable,” he told reporters when met in Cheras today.
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