CIMB Investment Bank Bhd anticipates the rollout of fuel subsidy rationalisation to commence in mid-June 2024 at the earliest.
“Considering the application process for the fleet card, we expect the rollout to take place in mid-June at the earliest,“ it said. To recap, Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali stated in February plans to implement targeted diesel subsidies by June 2024. These include an application to KPDN for authorisation, with approvals taking up to two days, and an application to oil companies for fleet card issuance, estimated to require up to four weeks.
Source: News Formal (newsformal.com)
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