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Gov’t leaves door open for fuel subsidies
['Yuki Lei', 'More Author']
MACAU DAILY TIMES 澳門每日時報
The government has revealed that it is actively considering introducing 95-octane unleaded petrol while leaving the door open for temporary subsidy measures to counter expected global oil price fluctuations throughout the year.
The government launched two temporary diesel and fuel subsidy schemes in May as a “combination of measures,” with both programs concluding last month.
Ng confirmed that the two subsidy schemes had been implemented smoothly, with participating suppliers closely monitored and the programs achieving their objectives of providing short-term relief and price stability.
The decision to end them, she said, followed an assessment of international market trends and a commitment to fiscal discipline.
Retrofitting station pumps and delivery vehicles would also be necessary, potentially leading to higher costs being passed on to consumers.