You are here

KL links fuel subsidy to income

Sceptics say proposed mechanism too complicated and doubt if it can be implemented efficiently
Tuesday, October 28, 2014 - 05:50

BT_20141028_PNPUMP2_1338582.jpg
Some suggest Malaysia leverage falling oil prices to wean motorists off subsidised fuel. Such a move would deter fuel smugglers and also do away with the need for an ostensibly costly new system.

Kuala Lumpur

IN A bid to reduce fuel subsidies, Malaysia intends to implement a multi-tier system of fuel purchases based on income eligibility.

On Monday, the country's Second Minister for Finance Ahmad Husni Hanadzlah said Malaysians whose monthly income exceeds RM10,000 (S$3,890

sentifi.com

Market voices on:

Powered by GET.comGetCom