Malaysia will start limiting subsidies on the most commonly used variety of gasoline to only the most needy from the second-half of 2024, as the government seeks to narrow a budget gap that’s ...

Malaysia has ended blanket subsidies for diesel to cut government spending and curb fuel smuggling into neighbouring countries. The price of diesel now stands at RM3.35 -- a 56% rise.

Across most of Malaysia, the price of diesel went up from 2.15 to 3.35 ringgit (46 to 71 US cents) per litre following the lifting of a blanket subsidy, which cost the government an estimated 4 ...