BFM 89.9
The Business Station
Copyright © 2025 BFM Media Sdn. Bhd. 200601017962. All rights reserved
Copyright © 2025 BFM Media Sdn. Bhd. 200601017962. All rights reserved
BFM 89.9
The Business Station
Copyright © 2025 BFM Media Sdn. Bhd. 200601017962. All rights reserved
Copyright © 2025 BFM Media Sdn. Bhd. 200601017962. All rights reserved

Everything You Need to Know About the Diesel Subsidy Reforms

Everything You Need to Know About the Diesel Subsidy Reforms
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37 mins
44 mins
21 mins
Guest: Dr Geoffrey Williams, Economist
On the 10th of June, the Malaysian government officially implemented the Diesel Subsidy reform, moving away from decades-old blanket subsidies. The Prime Minister has stressed that this move will save the government billions of ringgit annually and discourage smuggling and corruption. The government also said that the burden of removing these subsidies will only be felt by the T20 income earners and will not impact the B40 and M40.
So, what are the potential long-term benefits of this reform and are there potential downsides? And what should the government do with the billions of ringgit they are projected to save from this reform?
Image Credit: Shutterstock
Presenter: Dashran Yohan
Producer: Dashran Yohan
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