PUTRAJAYA, Wed.: The Cabinet committee on inflation, which met here yesterday, will propose to the Cabinet for consideration the following:
* No increase for LPG cooking gas and NGV for taxis.
* Gas subsidy to power industrial sector to be gradually reduced.
* TNB to be allowed to increase rates, with the exception of Sabah and Sarawak, but electricity increase will not affect 60 per cent of households.
The Cabinet will be making an announcement on these proposals this afternoon.
These proposals will see inflation go up by 1 per cent and reduce the Gross Domestic Product by 0.5 per cent.
(Source: NST Online)