PETALING JAYA: The diesel subsidy rationalisation is finally here but the big question remains: when will it take effect?
“The elephant in the room is: when will the fuel subsidy rationalisation come into effect and what will the government’s mechanism to channel aid to people be?” he said in a statement yesterday. “We hope the government can announce it with the rationalisation done gradually so we don’t shock the market,” he said.
On the flip side, he said it could also trigger early price adjustments and raise inflation expectations.“The government’s assurance that the fuel price adjustment would not be too drastic and destabilising may need greater emphasis.
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