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Malaysia's Ron95 petrol subsidy bill spikes to over $1.6b a month
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Malaysia's Ron95 petrol subsidy bill spikes to over $1.6b a month
Malaysia is currently spending about RM5 billion (S$1.6 billion) a month to offer fuel subsidies to its citizens, Malaysia's Prime Minister Anwar Ibrahim revealed on Monday (May 4).The Budi95 fuel subsidy programme allows eligible Malaysians driving locally registered vehicles to purchase the petrol at a subsidised rate of RM1.99 per litre.At a monthly assembly, the prime minister said the country has a secure fuel supply, although prices contin…
·Singapore
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