Study on fuel subsidy revamp covers gas price revision

Malaysia is studying the impact on lowering the government’s fuel subsidies which will include revising gas prices for industrial users and power producers. Malaysias Deputy Finance Minister Datuk Awang Adek Hussin said the government’s revamp on the oil subsidy framework will cover oil , as well as gas. Prime Minister Datuk Seri Abdullah Ahmad Badawi said in November that fuel subsidies will be reduced as they can no longer be sustained with the steep rise in global crude oil prices. (November 20, 2007)