SINGAPORE: Coach passengers and customers of travel agencies traveling across the border should anticipate price increases shortly due to the increase in Malaysia’s diesel prices.
The Malaysian government eliminated most of its diesel subsidies on Monday, June 10, claiming they were costing the nation RM4 billion (US$853 million) a year. Lower-income groups will receive the savings, according to Prime Minister Anwar Ibrahim.
The company Singapore Cab Booking, which provides transportation services between the two nations, stated that the increase in diesel prices will have an impact on its bus services.
“We have the land transfer from Singapore to KL. The price of diesel has increased by 50%, making it nearly equal to that of Singapore, according to CEO Farid Khan, who also mentioned that tolls must be paid.
He operates a fleet of twelve forty-five-seater coaches and smaller vehicles that run on diesel. Additionally, he collaborates with a few Malaysian suppliers, who have already asked for price increases.
“There is a problem when we want to raise our prices to our customers because of the increase in the price of diesel. They will scream because they are upset about the price increase.
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