Malaysia says new diesel subsidies can save millions to benefit citizens, but experts flag fiscal risks

Malaysia has announced a plan to reduce diesel prices to two point one Malaysian ringgit per litre—roughly fifty cents—for all citizens. According to Channel NewsAsia, the government says this move will save millions and benefit the public. But economic experts warn the policy carries significant fiscal risks. If global oil prices rise again, they say, the subsidy could strain the government's budget considerably.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton