The PAS is organising a rally against the rise in diesel prices saying the people is now burdened by the new prices. The event is scheduled for Friday night, 9 PM at the Markaz PAS Titiwangsa, KL. The post on X has a hashtag #JelajahSelamatkanMalaysia.

Ayuh rakyat Malaysia hadir beramai-ramai pada siri 4 Jelajah Selamatkan Malaysia:

Topik : PADU, BUDI, Diesel: Rakyat Terbeban
Tarikh : 14 Jun 2024 (Jumaat)
Masa : 9 malam
Tempat : Darul Ummah, Markaz PAS Titiwangsa, Wilayah Persekutuan.#JelajahSelamatkanMalaysia pic.twitter.com/EU6CPfHUTo
— Harakahdaily | الحركة (@harakahdailyHD) June 11, 2024

PAS rally

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Meanwhile, CIMB Investment Bank Bhd has adjusted its 2024 headline inflation forecast to 2.3%, down from the initial 2.7%, citing minimal impact from diesel subsidy rationalisation. The reduced pass-through of fuel price changes is attributed to the decreased weightage of fuel and lubricants in the consumer price index (CPI) basket, dropping from 8.5% in 2023 to 5.9% in 2024. Diesel’s share is 0.2%, resulting in a 0.1 percentage point first-order impact on headline inflation over 12 months, while petrol carries a CPI weight of 5.5%.