Malaysia cuts subsidised fuel quotas on global oil price surgePeople walk against the background of Petronas Twin Towers at the 20th Asia Oil & Gas Conference in Kuala Lumpur, Malaysia, on June 24, 2019. (File photo: Reuters)KUALA LUMPUR - Malaysia’s government will cut subsidised allocations for its most popular fuel from April as it seeks to curb leakages and relieve fiscal pressure from a surge in oil prices owing to the Middle East conflict. The subsidy bill is expected to hit 4 billion ringgit a month as Brent oil prices reached $100 a barrel, the finance ministry said in a separate statement on Thursday. While elevated oil prices support government revenues and benefit state energy firm Petroliam Nasional Bhd, they also risk fuelling inflation. The government is also considering other measures to cut down fuel use, including working from home for both the public and private sectors.

Source: Bangkok Post March 26, 2026 12:59 UTC