Sunday, June 01, 2008

Malaysia shelves plan to ban foreigners buying subsidized gasoline

SINGAPORE: Malaysia has put off plans to ban foreign-registered vehicles from filling up on subsidized gasoline in its border areas with Singapore and Thailand, a top Malaysian official said Sunday.

The ban was originally due to start Monday at up to 300 stations within 30 miles (50 kilometers) of Malaysia's borders with the two countries, where gasoline costs up to twice as much.

But Deputy Prime Minister Najib Razak, who is in Singapore to attend a security summit, told reporters that an anti-inflation Cabinet committee would meet Tuesday to review the plan.
"We have to find a new effective date because there are other matters, like for example, can we have separate pumps because the Singaporeans are saying that they don't mind paying the market rate," he said.

The statement indicated that the government may allow foreigners to buy higher-priced fuel, whereas the earlier plan was to impose a total ban on foreigners buying fuel.

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