Malaysia’s pump prices among world’s lowest with 40pct diesel subsidies


Dateline 2014-05-05, Malaysia Mail Online:

Malaysia enjoys some of the lowest petrol pump prices among the major world economies, according to a new study by UHY, the international accountancy network.
UHY explains that Malaysia offers subsidies of 30 per cent for petrol and 40 per cent for diesel, reducing fuel costs to a considerably lower price than many major developed economies, in particular European countries.

This means that the cost of filling the tank of a Ford Transit van with diesel in Malaysia amounts to RM159 – just a third of the cost of filling up in the UK where diesel prices are highest.

UHY says that as diesel is used in the majority of commercial vehicles, this subsidy is great news for businesses.

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