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Malaysia’s Fuel Subsidy Burden Jumps Sharply as Global Oil Prices Climb

Malaysia's fuel subsidy bill is rising dramatically as the government moves to shield consumers from the impact of higher global oil prices. With tensions in the Middle East pushing energy costs upward, the country is now expected to spend about RM3.2 billion a month on fuel subsidies, a steep jump from the roughly RM700 million it was paying previously.

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