Latest news and articles about fuel subsidies from NEX English
Indonesian President Joko Widodo has reaffirmed the government's commitment to maintaining subsidized fuel prices for vulnerable groups, stating that 80% of the population will benefit from this support. He emphasized the importance of securing energy sources amid global crises.
Said Abdullah, head of the Budget Committee in the Indonesian Parliament, has rejected a proposal by former Vice President Yusuf Kalla to reduce fuel subsidies. This decision comes amid economic pressures resulting from rising global oil prices.
The Thai government has announced a rise in diesel prices by <strong>2.80 baht</strong> per liter, effective immediately. This decision follows a reduction in government fuel subsidies aimed at addressing rising fuel costs.
The ongoing global oil crisis, driven by the conflict between the United States, Israel, and Iran, reveals significant structural weaknesses in the Malaysian economy. The country heavily relies on subsidized fuel and cars, with monthly fuel subsidy bills soaring to 4 billion Malaysian Ringgit.
Mohamed Kamel Abdul Moneim, the political secretary of Malaysia's Ministry of Finance, stated that the government remains capable of supporting RON95 fuel subsidies despite ongoing conflicts in West Asia, but must be prepared for future changes.
The Thai government has announced the cancellation of comprehensive fuel subsidies, a significant move aimed at improving the country's financial situation. This decision comes as Thailand faces increasing economic pressures, potentially impacting local consumption and inflation rates.