Is Fuel Subsidy Reform Finally On the Way in Southeast Asia?

Quick Summary:

Malaysia and Indonesia are both beginning to reduce long-standing subsidies that have kept fuel prices well below market rates.

This is an important point to keep in mind when considering how to make market-based clean energy initiatives, like the Just Energy Transition Partnership, work in countries with large fossil fuel reserves.

Malaysia and Indonesia have historically followed this approach, with the retail price of gasoline in the domestic market being heavily subsidized.

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Article Details

Author / Journalist: James Guild

Category: Economy

Markets: United StatesBangladeshBhutanChinaHong KongIndiaIndonesiaSouth KoreaMalaysiaPakistanUzbekistan

Topics: Fuel Indonesia Market Government Subsidy Subsidized Energy Subsidies Price Malaysia Countries

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 18:45:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 1958 words

Reading Time: 11 minutes read

Sentences: 95 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 21754596

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