Malaysia Pulse delivers breaking news, politics, business, sports and lifestyle coverage from Malaysia and Southeast Asia — trusted, timely and independent.
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Malaysia is reducing its subsidised diesel price to RM2.10 per litre from July, reflecting the government's cost-of-living relief efforts and targeted subsidy reforms using MyKad verification to prevent leakages.
Malaysia's Finance Ministry says a US-Iran peace agreement could help stabilize global oil prices, though the recovery period will extend several months as elevated logistics and transport costs persist from the crisis.
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Malaysia's Federation of Malaysian Consumers Associations supports the government's decision to maintain fuel subsidies, citing benefits for household budgets and inflation control amid global economic challenges.
Prime Minister Anwar Ibrahim has ruled out increasing fuel prices, insisting the government will continue absorbing subsidy costs estimated at RM7 billion monthly rather than resort to borrowing.
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Prime Minister Anwar Ibrahim has pledged not to raise fuel prices or borrow money to finance subsidies, saying the government will continue absorbing the financial burden directly.
Prime Minister Datuk Seri Anwar Ibrahim has dismissed the prospect of fuel price increases, emphasizing the government's commitment to shielding Malaysians through substantial monthly subsidy expenditures.