Fuel subsidy removal: what do research firms think?
So, come December 1, RON 95 petrol and diesel will no longer be subsidised, and their pricing will be set via a managed float, similar to the one employed for RON 97 petrol. Good, or […]
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Govt to intervene if crude oil prices too high – Chua
If global crude oil prices rise too high, the government will intervene to soften the blow for RON 95 petrol and diesel, deputy finance minister II Datuk Chua Tee Yong has said, according to a Bernama […]
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RON 95 and diesel fuel subsidies to end in December
Yes folks, the time has finally come. Or will come, to be more precise. Subsidies for RON 95 and diesel fuels will end from December 1 onwards, according to the Domestic Trade, Cooperatives and Consumerism […]
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Government hopes luxury cars, vehicles with big-capacity engines will use RON 97 petrol – Chua
Following Wednesday’s 20 sen price drop of RON 97 petrol to RM2.55 a litre, deputy finance minister II Datuk Chua Tee Yong has said that the government hopes luxury cars and vehicles with big-displacement engines […]
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RON 97 petrol price drops 20 sen to RM2.55 per litre
The price of RON 97 petrol has dropped 20 sen to RM2.55 per litre at the stroke of midnight on November 19. The last price change for the premium fuel happened in early September, when the […]
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Replace fuel subsidy with targeted hand-outs – survey
A ‘State of Households’ survey conducted by Khazanah Research Institute opines that fuel subsidies should be gradually replaced with targeted cash transfers to help low-income earners, Bernama reports. Targeted cash transfers (like BR1M) are better […]
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RON 95 price could be reduced, says Ahmad Maslan
As global crude oil prices continue to fall – now down to less than USD80 (RM268) per barrel, a four-year low – Malaysians may see a drop in our RON 95 fuel price, says Deputy […]
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Pos Malaysia submits fuel subsidy plan proposal
Pos Malaysia Bhd has submitted a request for proposal to the government to manage the country’s fuel subsidy rationalisation programme, group CEO Datuk Iskandar Mizal Mahmood has said, according to a Bernama report. “We are awaiting […]
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Ops Titik – over RM360 million saved from May-Sept
The government says that a special operation to prevent the smuggling and unauthorised sale of subsidised diesel has saved RM361.58 million. Ops Titik, which was launched in mid-May and ran until September, prevented the leakage […]
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Fuel subsidy cuts unavoidable in developing nations, says Petroleum Dealers Association of Malaysia
The rationalisation of fuel subsidies is unavoidable in developing nations including Malaysia, Petroleum Dealers Association of Malaysia (PDAM) president Datuk Hashim Othman has said, according to Bernama. He cited as an example Indonesia’s plans to cut fuel subsidies […]
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Government to discuss possibility of imposing fuel tax if crude oil price continues to fall – Ahmad Maslan
The government will discuss the possibility of introducing a sales tax for RON95 petrol if global crude oil prices continued on a downward trend at a Fiscal Policy Committee meeting next Wednesday, said Deputy Finance […]
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Hike road tax for luxury cars instead of making high-income groups pay more for fuel, says academic
Amidst the commotion surrounding the proposed petrol subsidy rationalisation mechanism, an academic has opined that the government should consider increasing the road tax for luxury cars instead of making high-income groups pay market prices for […]
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Gov’t says structure of petrol subsidy rationalisation programme for RON 95 not finalised, out next year
The structure and mechanism of the new petrol subsidy rationalisation programme for RON 95 that is supposed to come into effect next June has not been finalised, says the government. According to Deputy Finance Minister […]
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Petrol subsidy to be distributed via MyKad, ‘low income group’ to enjoy current price – Ahmad Maslan
The days of subsidised petrol are coming to an end, for certain sections of society. The government’s ongoing petrol subsidy rationalisation programme is currently under study and the implementation will involve the MyKad, Deputy Finance […]
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Gov’t says no immediate plans to review fuel pricing despite oil prices dropping to lowest in four years
The government says there are no immediate plans to review fuel prices despite the price of crude oil dropping to its lowest level in four years. It will however continue to monitor global oil prices […]
