Winners and losers of targeted subsidy plan

TheStar Fri, Apr 05, 2024 12:00am - 1 month View Original


MIDF Research said targeted fuel subsidies could promote efficiency in the refinery and retailer subsectors of the downstream segment.

PETALING JAYA: The upcoming targeted subsidy scheme is likely to have a positive impact on the downstream oil and gas sector in Malaysia, while the logistics and power utility sectors will likely see limited or a neutral impact on their operations.

Expected to be on the losing end is the consumer sector, which will likely be negatively affected to a varying degree due to the impact from the government’s reform initiative on consumer sentiment and spending.

In its report, MIDF Research said it foresaw four probable scenarios for the targeted-fuel subsidy measures, of which only three it deemed to be possible.

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