BUSINESS

Subsidies under the knife

Asia focus, Nareerat Wiriyapong, Published on 17/11/2014

» Removing fuel price subsidies is a political hot potato for governments, given that doing so can push up the cost of living and has even caused riots in the past. But the current plunge in world oil prices has been a blessing for governments that have started to take the difficult step of nudging fuel prices up to market levels.