Jump to content

Fuel subsidies in Malaysia to be abolished

Fuel subsidies in Malaysia to be abolished

Deeq

Entry posted by Deeq ·

5,421 views

blog-0358926001416880362.jpg

blogentry-114362-0-39136700-1416880347_thumb.jpgThe Malaysian government will abolish fuel subsidies starting December 1.

 

The brief report cited Minister of Domestic Trade, Cooperatives and Consumerism Datuk Hasan Malek as saying that prices of RON95 petrol and diesel will be managed according to a managed float, presumably similar to the current pricing structure used for RON 97 petrol.

Fuel prices will be set based on the average of global oil prices in the preceding month.

 

The news daily quoted Hasan as saying, ”As for Dec 1 prices, we will calculate the average from Nov 20 to Nov 30.”

With the current downtrend in crude oil prices, the revised price may not necessarily be higher, but it is still too soon to say.


4 Comments

Recommended Comments

1fast1

it's still too soon to say, now remove subsidy, then GST, etc etc..

 

Whatever the case may be, if they're transparent (and consistent) with the formula used to set fuel prices then they're already way ahead of Singapore's system.

Link to comment
1fast1

Toll charges up, VEP up, now petrol price up. No Singaporean go JB leow

And if that were the case, I couldn't be happier about that. M club drive to Penang being scheduled. Should be damn shiok going through customs if really no one going through for "small" trips.

 

Regrettably, I know the checkpoint will still be crowded.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Is 'tiny living' really irrelevant in Singapore?

    I discussed the possibility of living in tiny houses in Singapore in an earlier blog post. But as we know, it isn't an option to begin with – no thanks, of course, to our lack of land space.  Someone also pointed out that the idea of tiny houses is "romanticised" – which, I don't deny (but hey, that's why it's a dream). While it's clear tiny houses aren't going to work out here, the concept of 'tiny living' is; not just physically but also mentally. Anyone who has lived enough years lo
    dailydoseofcoffee

    dailydoseofcoffee

    3
×
×
  • Create New...