Latest / Lundgreens Capital | UK
Malaysia’s fuel subsidies under control
Malaysia is feeling the ripples of the US-Iran conflict as its economy takes the hit, with a piling fuel subsidy bill to show for it.
In its budget for 2026, the Malaysian government allocated MYR 15 billion (USD 3.66 billion) for fuel subsidies. However, the conflict in the Middle East that led to an ongoing global energy crisis since March has left ASEAN countries suffering the most due to rising fuel prices. For instance, Malaysia is expected to spend MYR 40 billion (USD 9.8 billion) this year on fuel subsidies to reduce the burden on consumers, more than double the amount it intended to…
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