Diesel subsidy: 'VOP for contractors to be settled in a month'

The Variation of Price (VOP) provision, to assist contractors faced with rising costs due to the diesel subsidy rationalisation, will be settled in a month, said Works Deputy Minister Ahmad Maslan.

He said his ministry has met with Finance Minister II Amir Hamzah Azizan, the secretary of the Treasury Department, and the director of the National Budget Office to discuss implementing the VOP.

“During the meeting, the Construction Industry Development Board (CIDB) team and the Works Ministry requested that...