Insight - The myth of subsidies


Subsidies and price controls can be found in a range of products including petrol, natural gas, electricity, cooking oil, sugar, toll charges and bus fares, which account for about 20% of the consumer price index (CPI) basket.

RISING consumer price pressures and cost of living have exerted pressure on the government to increase subsidies and implement controls (ceilings) to keep prices of food and services at reasonable levels for the poor, lower and middle-income households.

Subsidies and price controls can be found in a range of products including petrol, natural gas, electricity, cooking oil, sugar, toll charges and bus fares, which account for about 20% of the consumer price index (CPI) basket.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Lee Heng Guie , subsidies , petrol , gas , toll ,

Next In Business News

PETRONAS seals LNG supply deal with CNOOC
SIB disposes of Seremban land for RM25mil
Utility contracts set to drive Steel Hawk earnings
Nexgram focuses on core operations
Perak Transit eyes growth from terminal expansion
Borneo Oil’s associate seeks Nasdaq listing
Nam Cheong nets US$20.5mil in vessel sale
Trive Property to bank on its rental income
Fruit and vegetable exports rebound
Consumer sector posts ESG compliance gains

Others Also Read