The Malaysian government is expected to bow to public pressure and raise subsidies for gasoline sales to motorists. It recently approved a RM0.10 rise in gasoline price to RM1.42 a litre in the face of rising oil prices on the world markets. (US$1=RM3.8). Based on crude at US$45 a barrel, the government expects to…
MALAYSIA: Gasoline subsidies to rise more than four times this year
Posted on October 20, 2004 by EnergyAsia