Country can’t run on fuel subsidy forever, says PM


  • Nation
  • Tuesday, 03 Jul 2012

PUTRAJAYA: The country cannot rely on fuel subsidy-driven consumption to prop up the economy in the long run, said Prime Minister Datuk Seri Najib Tun Razak.

He acknowledged that Malaysia had one of the lowest pump prices in South-east Asia second only to Brunei Darussalam but pointed out that the country needed to reposition its oil-based revenue towards economic development.

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