RON95 petrol, diesel price float could save Malaysian government RM29 billion in fuel subsidies

The floating of RON 95 petrol and diesel prices in Malaysia could save the government RM29 billion in fuel subsidies, however this would mean prices of fuels at the pump will increase by 64% for …

The floating of RON 95 petrol and diesel prices in Malaysia could save the government RM29 billion in fuel subsidies, however this would mean prices of fuels at the pump will increase by 64% for RON 95 petrol and 61% for diesel fuels according to Hong Leong Investment Bank , reported

“We envision this to entail floating fuel to market prices and concurrently, dishing out cash aid to those that Pangkalan Data Utama has identified as target groups. A ‘fuel float’ move would help reduce the fiscal deficit but put upward pressure on inflation,” according to HLIB.

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