CIMB forecasts mid-June kickoff for fuel subsidy rationalisation

KUALA LUMPUR, May 22 — CIMB Investment Bank Bhd anticipates the rollout of fuel subsidy rationalisation to commence in mid-June 2024 at the earliest. This projection aligns...

CIMB Investment Bank Bhd anticipates the rollout of fuel subsidy rationalisation to commence in mid-June 2024 at the earliest. — Picture by Ahmad ZamzahuriKUALA LUMPUR, May 22 — CIMB Investment Bank Bhd anticipates the rollout of fuel subsidy rationalisation to commence in mid-June 2024 at the earliest.

“Considering the application process for the fleet card, we expect the rollout to take place in mid-June at the earliest,” it said.Prime Minister Datuk Seri Anwar Ibrahim, in a national address last night, announced the Cabinet’s decision to initiate fuel subsidy rationalisation, starting with diesel.

CIMB Investment Bank outlined the two application levels under the subsidised diesel control system 2.0.

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Diesel Subsidy Fuel Subsidy Rationalisation

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