Malaysia plans to cut fuel subsidy quotas

Golden Ten Data reported on March 26 that, due to soaring oil prices caused by the Middle East conflict, Malaysia plans to reduce the monthly subsidy quota for its most popular fuel. According to The Edge, citing unnamed sources, the government will cut the monthly quota of RON95 gasoline from 300 liters to 200 liters starting in April. Any consumption exceeding the quota will be charged at market prices. Since March 11, the non-subsidized price of RON95 gasoline has been raised twice, with a cumulative increase of 45%.