PETALING JAYA: And so it begins. The much anticipated and talked about fuel subsidy rationalisation by Putrajaya has officially taken its first step in the form of floating diesel prices in Peninsular Malaysia, effective midnight yesterday.
The move will see diesel retail prices being increased by RM1.20 per litre, or a whopping 56%, to RM3.35 per litre, and subject to weekly reviews.
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