PETALING JAYA: The impending implementation of rationalised diesel subsidies signals the seriousness of the Malaysian government in reining in its deficit and sets the stage for subsequent reforms of the RON95 petrol subsidy, says an economist.
“Diesel reforms come on top of other recent reforms such as the rationalisation of electricity subsidies for large-scale users and water tariff reforms. He said RON95 reforms can lead to one-time increases in prices, adding that prices could rise by between 5% and 9%, depending on global energy prices.
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