The Malaysian Institute of Economic Research (MIER) anticipates a “mild adjustment” in RON95 subsidy and therefore, the fuel’s retail price in Malaysia, and it expects the price adjustment to be carried out in July or …
The Malaysian Institute of Economic Research anticipates a “mild adjustment” in RON95 subsidy and therefore, the fuel’s retail price in Malaysia, and it expects the price adjustment to be carried out in July or October this year after the impact of the diesel subsidy rationalisation has been assessed, reported
The adjustment is expected to be not as steep as that of retail pricing of diesel fuel, which increased by 56%, or RM1.20“We need to look at the impact of the diesel subsidy rationalisation, so we probably need to give it a three- to six-month grace period. We need to look at the impact analysis first, and how the people area adjusting. From that, the government can make the next adjustment to the RON 95 ,” Dass said.
The price adjustment for RON 95 petrol is expected to be carried out “closer to October” as this would give the government more time to look at the impact analysis, he added. Regarding the contribution of diesel fuel pricing to the consumer price index basket, a 1% increase in diesel price leads to an impact of 0.2% upon the CPI basket, which is therefore almost negligible, Dass said. Meanwhile, the contribution of RON 95 petrol pricing to the CPI basket is around 5.5%.before it decides to move on to further related matters, when asked about a timeline for a targeted subsidy to be implemented for RON 95 petrol., Amir Hamzah said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mat Sabu says ceiling price increase for local white rice expected to be finalised before OctoberSERDANG, June 10 — The proposal to increase the ceiling price of local white rice (BPT) is expected to be finalised before October this year, said Agriculture and Food Security...
Read more »
BPT price revision to be finalised before OctoberAround four to five ministries are involved in discussing its price revision.
Read more »
Mat Sabu: Proposal to raise ceiling price of local white rice to be finalised before OctoberTOKYO: As a child actor, Kirato Wakayama was one of Japan’s most recognisable faces, tarring in historical epics, the Kamen Rider superhero series, and the 2014 live-action remake of Japanese animator Hayao Miyazaki’s Kiki’s Delivery Service.
Read more »
Realme GT 7, OnePlus Ace 3 Pro price range tipped before rumored launch in JulyLatest Tech News, Product Reviews and Deals
Read more »
Microsoft 365 Family Subscription To See A RM5 Price Hike Per Month Starting 1 JulyThe monthly subscription price for the Microsoft 365 Family plan will be changing from RM36 to RM45, starting 1 July 2024.
Read more »
Snapdragon 8 Gen 4 phones price may increase, 4,500 Yuan (~$620) starting price expectedLatest Tech News, Product Reviews and Deals
Read more »