Published on 18th March 2021
In a recent Legislative Council session, YB Iswandy Ahmad proposed a review of Brunei's fuel subsidies, suggesting the removal of subsidies for commercial, heavy, and luxury vehicles, which would redirect funds to essential services like public transport. This change aligns with the goals to achieve 65% electric vehicl...
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In a recent session, a LegCo member proposed reviewing fuel subsidies in Brunei, suggesting their removal for commercial and luxury vehicles to assist those in greater need. This reform aligns with the goal of achieving 65% electric vehicle adoption by 2035. However, the finance minister indicated that savings from such measures might be minimal, as these vehicles represent a small market segment. The ongoing Fiscal Consolidation Programme has reportedly saved the government millions since its introduction.
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