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KUALA LUMPUR: The rollback in subsidies is not expected to cause a major spike in inflation and the impact on overall consumption will be minimal but the Government should ensure that profiteering does not become rampant, according to analysts and economists.
KUALA LUMPUR: From Friday, the subsidies for sugar, petrol, liquefied petroleum gas and diesel will be cut as part of the gradual subsidy rationalisation programme, according to a statement from the Prime Minister's office.
PUTRAJAYA: The Government has officially scrapped its plan to introduce the two-tiered restructuring of fuel subsidy following negative feedback from the public.
The Government has officially scrapped its plan to restructure the fuel subsidy scheme based on the engine capacity of vehicles, Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob announced on Thursday.