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Story summary
- The Malaysian government projects its monthly fuel subsidy will rise to RM3.2 billion (US$812.8 million) as global oil prices climb amid the Iran war.
- Second Finance Minister Amir Hamzah Azizan said the government will maintain current petrol and diesel prices.
- He said Malaysia has a stable fuel supply and can absorb higher costs thanks to fiscal reforms.
- The cabinet also agreed to increase the rice stockpile for nine months.
