KUALA LUMPUR, July 16 – Malaysia continues to maintain among the lowest petrol and diesel prices in the region despite rising global fuel prices driven by the ongoing Global Supply Crisis.
The government said the stability of domestic fuel prices reflects its continued commitment to protecting the people from the impact of volatile international energy markets.
Through the targeted fuel subsidy initiative, the MADANI Government aims to ensure that assistance reaches those who need it most while keeping the cost of living manageable for Malaysians.
The government noted that global supply disruptions and geopolitical uncertainties have continued to exert upward pressure on fuel prices worldwide, affecting many countries.
Despite these challenges, Malaysia has managed to cushion consumers from sharp price increases by maintaining targeted subsidies and implementing measures to safeguard the welfare of the rakyat.
The MADANI Government reaffirmed its commitment to ensuring fuel price stability while balancing fiscal sustainability and providing targeted assistance to eligible groups.
— MINUTESMY
