Winners and losers of targeted subsidy plan

MIDF Research said targeted fuel subsidies could promote efficiency in the refinery and retailer subsectors of the downstream segment.

PETALING JAYA: The upcoming targeted subsidy scheme is likely to have a positive impact on the downstream oil and gas sector in Malaysia, while the logistics and power utility sectors will likely see limited or a neutral impact on their operations.

Expected to be on the losing end is the consumer sector, which will likely be negatively affected to a varying degree due to the impact from the government’s reform initiative on consumer sentiment and spending.