Keyword: "diesel subsidy"

The implementation of a targeted diesel subsidy for consumers in Malaysia is expected to help the country save 4 billion RM (nearly 850 million USD) annually, contributing to strengthening the government's fiscal position, improving resource allocation, and reducing fossil fuel consumption and carbon footprint.

The House of Representatives of Indonesia has approved the Government’s plan to cut diesel subsidy by 50 percent to 500 RP (0.35 USD) per litre next year, on the back of expectations that crude oil prices will remain low in the aftermath of the COVID-19 pandemic.