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Subsidy Distribution by Vessel Type
Comparison of fuel subsidy benefits provided to small boats versus multi-day fishing vessels.
Primary Sources
Govt reviewing improvements to fishermen's fuel subsidy quota
PUTRAJAYA: The Agriculture and Food Security Ministry has been reviewing proposals to improve the subsidised fuel quota for fishermen following concerns raised by the fishing community over the 50 litre daily limit for Zone A vessels.The Malaysian Fisheries Development Authority (LKIM), in a statement Monday (April 6), said any proposals to improve the rate or mechanism of the subsidy would be examined in stages, taking into consideration the welfare of fishermen as well as the country's financial capacity.“At the same time, the setting of quotas takes into account control aspects, transparency and the government's financial position to ensure that assistance is delivered in a sustainable and effective manner,” the statement said.It said the government understood the challenges faced by fishermen, particularly rising operating costs and technological changes in vessels that affected fuel consumption, but at the same time urged them to understand the current global energy crisis, which has had a direct impact on fuel prices and operating costs.LKIM said the fishermen's diesel and petrol subsidy scheme, introduced in 2006, was aimed at easing part of the cost of fishing operations and not covering the entire operational expenses.“The government is committed to finding the best balance between assisting fishermen and ensuring the country's financial stability is preserved,” it added. – Bernama
A fuel subsidy to the fishing community - fisheries.gov.lk
the Hon. President has directed the Treasury to implement a fuel subsidy for the fishing community, effective from October 01. This measure is intended to boost the fishing industry and lower production costs for fishermen. The fuel subsidy will be available on a monthly basis for both multi-day and one-day fishing vessels. Similar to the agricultural subsidy, this funding will also be directly deposited into the fishermen’s bank accounts. The government’s policy statement underscores the goal of developing and managing the fishing industry in a sustainable and environmentally friendly manner. This approach aims to enhance fish production, making it more accessible to consumers at fair prices, while also improving the quality of life for those involved in the industry. Furthermore, efforts will be made to provide financial and technical support for the recovery of marine fisheries, which are currently facing significant challenges.
Govt To Review Diesel Subsidy Aid For Fishermen Amid Rising Costs
The government will refine diesel subsidy aid for fishermen at upcoming meetings of the National Economic Action Council (MTEN) and the National Cost of Living Action Council (NACCOL) following the global energy crisis, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. He said the review will consider the sharp increase in the government's fuel subsidy burden, which has surged ...
Diesel subsidy for fishermen under review amid energy crisis — Ahmad ...
The government will further refine the diesel subsidy for fishermen at upcoming meetings of the National Economic Action Council (MTEN) and the National Cost of Living Action Council (NACCOL), Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said.
