Malaysia will lower subsidized diesel prices

Golden Ten Data reported on June 22 that Malaysian Prime Minister Anwar Ibrahim stated the government will lower subsidized diesel prices starting next month, citing progress made in high-level negotiations between the US and Iran. According to Malaysian media, Anwar said on Sunday local time: “I am announcing the implementation of targeted diesel subsidies, not to increase prices, but to lower diesel prices, despite lingering uncertainties in the current situation. So far, Pakistani Prime Minister Shehbaz Sharif, who has been coordinating most of the negotiation work, told me he is confident this time that the Middle East crisis can be eased. Therefore, this will help us stabilize diesel prices.”