The Malaysian government spent RM13 billion from January to November 2004 to ‘stabilise’ retail oil product prices in the country following the rise of crude oil prices on the world market, state news agency Bernama reported. Citing Ministry of Domestic Trade and Consumer Affairs Parliamentary Secretary Hoo Seong Chang, Bernama said the government spent…
MALAYSIA: RM13 billon spent on subsidising oil product prices in Jan-Nov 2004
Posted on January 3, 2005 by EnergyAsia