KUALA LUMPUR: Alliance DBS Research estimates the fuel subsidy cut, which came into effect on Thursday, will enable the government to save around RM1.1bil in 2014.
The government, which reduced the subsidy for RON95 petrol and diesel by 20 sen per litre, would help it achieve its fiscal deficit target of 3% by 2015 and a balanced budget by 2020.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!