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Fundamental Flaws In The RON95 Subsidy Rationalization Approach

Fundamental Flaws In The RON95 Subsidy Rationalization Approach

Published 11 months, 2 weeks ago
Description

With the RON95 petrol subsidy rationalization seemingly forthcoming, the Ministry of Finance has said eligibility will be determined using PADU’s socio-economic database, along with income and asset data. Officials claim the move could save up to 8 billion ringgit a year, while costing about 20 billion ringgit annually. P Gunasegaram, independent business writer gives us his thoughts on its implementation.

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