Diesel subsidy: Expect price increases for goods and services

diesel subsidy: expect price increases for goods and services

Photo for illustrative purposes only.

SHAH ALAM - The targeting of diesel subsidies involving Peninsular Malaysia users is expected to lead to an increase in the prices of goods and services.

Socio-Economic Research Centre (SERC) Executive Director Lee Heng Guie said that the increase however depended on the details of the diesel subsidy implementation mechanism that would be announced by the government through the Finance Ministry soon.

“The question is, will the subsidy given to traders using commercial diesel motor vehicles be limited in terms of the amount or the number of kilometres used per month?

“If they receive the full subsidy, then the inflationary impact on consumers may not be very noticeable.

“But, if they only enjoy half the subsidy, it might increase business costs, subsequently causing a rise in the prices of goods and services,” he noted.

According to Lee, there are two issues that needed to be clarified regarding this matter to understand the implications of targeting diesel subsidies for the public.

“First, when will the subsidy be implemented, and second, will the price of diesel be floated or increased gradually?

“Only then can we predict the impact on consumers in terms of price or inflation,” he added.

OTHER NEWS

1 hour ago

Insider Moves: AMMB Holdings Bhd, Notion VTec Bhd, South Malaysia Industries Bhd, Hong Seng Consolidated Bhd, Kerjaya Prospek Group Bhd, Inta Bina Group Bhd

1 hour ago

Umno trio turn target of PH cytros for criticising Anwar over BlackRock

1 hour ago

Seamless terminal transfers soon

1 hour ago

Over 20,000 children buried, trapped, detained, lost amid Gaza war: report

1 hour ago

Bersatu’s rogue MPs attend Dewan Rakyat amid uncertain status

1 hour ago

PM Anwar tells US firms Malaysia welcomes their investments amid BlackRock storm

1 hour ago

Business owners hope to cash in on RTS traffic

1 hour ago

Israel air raid on Gaza clinic kills senior Palestinian health official

1 hour ago

Najib’s lawyer seeks to recall ex-SRC chairman

1 hour ago

Pos Malaysia Teams Up With PayNet In “Cashless Kaw-Kaw” Campaign

1 hour ago

Barbie Brand to Expand with New Mini Ken’s Mojo Dojo Casa House Inspired by Hit Movie (Exclusive)

1 hour ago

BN sec-gen says none of its components refusing cooperation with Pakatan to ensure candidate Joohari wins Sg Bakap polls

1 hour ago

Federal Court has rejected 19 death row inmates' applications to escape death sentence

1 hour ago

PM explains choice of GIP in MAHB deal

1 hour ago

Miami ABC affiliate cuts Stanley Cup broadcast for local news

1 hour ago

Diesel price fuels fiery Dewan Rakyat debate

1 hour ago

Exclusive-Trump reviews plan to halt US military aid to Ukraine unless it negotiates peace with Moscow

1 hour ago

Fake software fixes fuel money-stealing malware threat

1 hour ago

How German podcast tracked down fugitive militant after 30 years

1 hour ago

South Korea slams North Korea's fresh trash balloon launches and threatens loudspeaker broadcasts

1 hour ago

Malaysians Challenge Critics Of BlackRock: “Will You Quit Your Jobs?”

1 hour ago

Braves’ latest injury is an extremely costly one

1 hour ago

COA strikes out appeal by Serba Dinamik and three others following withdrawal

1 hour ago

Thai subsidised fuel sellers struggle after Malaysia's diesel subsidy cut

1 hour ago

The 2025 Porsche Cayenne GTS Is for a Certain Driver

2 hrs ago

Malaysian contingent uniform under fire, Hannah Yeoh deflects criticism, netizens compare designs with other countries

2 hrs ago

Chinese companies looking to Malaysia to help them avoid US tariffs

2 hrs ago

Rescuers save climber exposed to extreme cold on Mt Kinabalu

6 hrs ago

Sungai Bakap by-election: Testing ground for green wave

6 hrs ago

9 Must-Try Uniquely Malaysian Beauty Secrets

6 hrs ago

MyNews poised to continue its bullish trajectory, says RHB Retail Research

6 hrs ago

What's Coming to Tubi in July 2024

6 hrs ago

Angels left-hander Patrick Sandoval has torn UCL, hurt on pitch to former teammate Shohei Ohtani

6 hrs ago

The Zelda Series Shouldn't Fully Drop BOTW, TOTK Until It Does One Thing

6 hrs ago

Rumor: Honkai: Star Rail Leak Teases Fourth World

6 hrs ago

Austin Reaves-JJ Redick friendship key piece to Lakers puzzle

6 hrs ago

Starfield's Shattered Space DLC May Atone for the Base Game's Biggest Sin

6 hrs ago

Fall in competitiveness ranking a wake-up call for Putrajaya, experts say

6 hrs ago

No pickup for diesel pickups

7 hrs ago

All you need to know about: Mavcom’s dissolution and merger with CAAM