In Malaysia, inflation is still expected to remain under control, thanks to heavily subsidised RON95 petrol that is enjoyed by Malaysians. “The extent of the upside risk depends on the period and persistence of elevated global oil prices,” says OCBC senior Asean economist Lavanya Venkateswaran. “It is difficult to commit to a revision to our inflation forecast because things are still very fluid at the moment. Malaysia’s headline inflation increased to 3.3% in 2022 from 2.5% in 2021 as higher inflation on food and non-alcoholic beverages drove the increase in headline inflation. On average, those who qualify for the subsidised RON95 petrol utilise just below 100 litres of petrol per month.

Source: The Edge Markets March 30, 2026 08:02 UTC