SINGAPORE: With the increase in Malaysia’s diesel prices, coach passengers and tour agency customers travelling across the border can expect prices to increase soon.
On Monday (Jun 10), the Malaysian government cut most of its diesel subsidies, which it said was costing the country RM4 billion (US$853 million) annually. Prime Minister Anwar Ibrahim has said the savings will be redirected to lower-income groups.
The retail price of diesel in Peninsular Malaysia has been set at RM3.35 a litre, an increase of more than 50 per cent from the previous subsidised price of RM2.15 for commercial and private vehicles.
PASSING ON COSTS
Singapore Cab Booking, which offers transportation services between the two countries, said its bus services…