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The Economic Times

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Malaysia lifts petrol subsidies spending to $510 million for steady fuel prices

Malaysia's government is boosting petrol subsidies significantly. The spending will rise to 2 billion ringgit from 700 million ringgit. This move aims to keep the price of RON95 fuel fixed at 1.99 ringgit per litre. Global oil prices have seen a sharp increase. The second finance minister announced this decision on Friday.

13 Mar 2026 10:05 am