PETALING JAYA: The implementation of diesel subsidy rationalisation must be transparent to ensure a smooth transition and for people to accept the change, say economists.
“Consumers and businesses will have to be on guard and anticipate higher prices during this period,” he said. In February, Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali announced that the government was restructuring a targeted subsidy plan for diesel in the peninsula, to be implemented by the second quarter of this year.He suggested higher allocations for the Sumbangan Asas Rahmah and Rahmah Cash Aid , along with targeted subsidies, to help mitigate the impact.
“Many groups will still have access to subsidised diesel, so the public should react positively. The government’s approach is the best way to reduce expenditure and control public debt. The public must understand that the government cannot keep borrowing to fund expenses,” he added.
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