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Day: November 5, 2014

Do away with fuel subsidy for good

The inescapable fact is that fuel subsidy will eventually have to be scrapped as it is economically untenable in the long run. The question is when? Our answer is now is the right time as crude oil price is tumbling. The government recently announced that it in mid-2015, it will be implementing a new petrol subsidy rationalization programme as part of its plan to eventually scrap fuel subsidy....
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