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The price of diesel was fixed at RM1.75 per litre. Sugar increased in price by RM0.25 to RM1.85 per kilogram. Prices for cooking gas have increased by RM0.10 per kilogram. For example, a 10 kg cylinder of cooking gas will increase from RM17.50 to RM18.50. [2] At the start of 2014, the government withdrew subsidies of RON97, a premium grade of ...
June 10 – The government rationalises diesel subsidies by lifting fuel subsidies in Peninsular Malaysia, resulting in a 56% price increase in diesel, from RM 2.15 to RM 3.35 per litre and subsidising only targeted groups RM 200 monthly. [18]
This includes the resources it takes for exploration, to remove it from the ground, and transport it. Between 2004 and 2008, there was an increase in fuel costs due in large part to a worldwide increase in demand for crude oil. Prices leapt from $35 to $140 per barrel ($220 to $880/m 3), causing a corresponding increase in gas prices. [15]
On 16 July 2010 subsidies for petrol, diesel and LPG were cut as part of Malaysia's general programme of reducing and rationalising subsidies per the 10th Malaysia Plan and the New Economic Model. The government believes it will save RM750 million by the end of 2010 through these measures with little negative impact on most citizens.
The definitive agreements finalized all documentation and increase SACL’s territory to facilitate the financing, construction, and operation of additional SACL’s sites in Malaysia, adding to the four existing sites currently under development in Australia and Vietnam, now totaling over 400 million gallons of renewable fuel per dry metric ...
Prices of items such as palm oil, cooking oil, petrol, flour, bread, rice and other essentials have been kept under market prices to keep cost of living low. [62] As of 2022, government expenditure on subsidies stood at RM70.3 billion (US$15.96 billion), with fuel alone taking up RM52 billion (US$11.8 billion) or 74% of total subsidies.
Malaysia will switch to a new public service compensation scheme from Dec 1 that will see broad pay hikes and salary restructuring for the country's 1.6 million civil servants, Prime Minister ...
China became the latest Asian nation to curb energy subsidies last week after hiking retail petrol and diesel prices as much as 18 percent... Elsewhere in Asia, Malaysia has hiked fuel prices by 41 percent and Indonesia by around 29 percent, while Taiwan and India have also raised their energy costs. [40] In the same month, Reuters reported that: