The Malaysian government's decision to cut the decades-old diesel subsidy program is "a significant milestone" for the administration of Prime Minister Anwar Ibrahim, as such a move is part of long-term reforms to sustain growth in Southe...
Subsequently, the fuel price for RON 95 has remained unchanged as of 25 September 2024. The price for RON95 has remained unchanged over 2018 as the government had implemented the Automated Pricing Mechanism, but the implementation of the Targeted Diesel Subsidy that has just taken place ...
As we reported in Q1, the diesel subsidy in peninsular Malaysia was lifted on 10 June 2024 with its price rising from RM 2.15 to RM 3.35 per liter with Budi Madani program aid of RM 200 per month to selected vehicle owners and businesses affected by the price hike. This initiative is ...
Anwar said diesel subsidies will be cut in a phased manner, while temporary price controls on chicken and eggs will be lifted as supplies had stabilised. Savings from subsidy cuts would be channelled to cash aid for the needy, which will now increase to 10 billion ringgit ($2.12 billion) f...
Natural gas and coal represented the majority, with 43.6% and 30.9% of shares, respectively, followed by large hydropower (17.8%), diesel (4.1%) and renewable energy (3.5%). Fig. 1 Total installed capacity (MW) in 2017 by fuel type Full size image Malaysia has taken several initiatives ...
“An area that has been overlooked is the diesel-powered machinery being used in building sites,” he said, suggesting the Government review the road tax of diesel vehicles to be at par with petrol vehicles. On the Real Estate and Housing Developers Association’s proposed change in housing po...
As we reported in Q1, the diesel subsidy in peninsular Malaysia was lifted on 10 June 2024 with its price rising from RM 2.15 to RM 3.35 per liter with Budi Madani program aid of RM 200 per month to selected vehicle owners and businesses affected by the price hike. This initiative is ...
As of 2 January 2022, the petrol price per liter for RON 95 was USD 0.48, RON 97 was USD 0.75, and the diesel price was USD 0.48. In addition, in June 2022, petrol, diesel, and liquefied petroleum (LP) gas received a total of USD 8.50 billion (48% of the total subsidies). ...