RHB Investment Bank (RHB IB) expects that more details on subsidy rationalisation for RON 95 petrol, as well as on the reintroduction of the goods and services tax (GST) will be revealed in the 2025 …
RHB Investment Bank expects that more details on subsidy rationalisation for RON 95 petrol, as well as on the reintroduction of the goods and services tax will be revealed in the 2025 Budget that will be tabled on October 18,
The investment bank expects RON 95 petrol subsidy rationalisation to take place towards the end of this year, according to the report.“Despite some progress on reforms, we believe the government still has ample political capital to make further meaningful progress on subsidies and initiatives to broaden the tax base to narrow the fiscal deficit further, create headroom for infrastructure investments, and establish a pathway to contain the national debt,” said analyst Alexander Chia.
“In this regard, the two key pending initiatives are subsidy rationalisation for RON95 petrol and reviving the GST that will dovetail with full implementation of e-Invoicing,” Chia said.for diesel fuel this year in Peninsular Malaysia, which saw a hike of RM1.20 to RM3.35 per litre from that date. Following several price adjustments, diesel dropped tostill studying the removal of RON 95 subsidy
. As of today , the price of unsubsidised RON 95 petrol in Malaysia is RM2.81 per litre, according to unsubsidised fuel outlet Double.Open roads and closed circuits hold great allure for Mick Chan. Driving heaven to him is exercising a playful chassis on twisty paths; prizes ergonomics and involvement over gadgetry. Spent three years at a motoring newspaper and short stint with a magazine prior to joining this website.
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