At the stroke of midnight, diesel prices in Peninsula Malaysia were raised to RM3.35 from RM2.15 with the government assuring that the prices of goods will not rise due to the mechanism that these subsidies are removed. Carmelo Ferlito, CEO of the Center for Market Education gives us his impressions of this and if its an essential part of Malaysia's fiscal reforms.

Image Credit: brgfx/freepik.com

Produced by: Wong Shou Ning

Presented by: Wong Shou Ning, Keith Kam

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Categories:  economy,  politics,  government,  managing

Tags:  diesel,  oil price,  subsidy,  subsidy removal,  peninsula malaysia,  hike,