Asia

Malaysia Cuts Subsidized Fuel Quotas on Global Oil Price Surge

A driver refuels their  vehicle with RON95 petrol at a gas station near West Port Klang, Selangor, Malaysia. — A driver refuels their vehicle with RON95 petrol at a gas station near West Port Klang, Selangor, Malaysia.
Photographer: Samsul Said/Bloomberg

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By Anuradha Raghu and Kok Leong Chan

March 26, 2026 at 11:58 AM UTC

Malaysia’s government will cut subsidized allocations for its most popular fuel from April as it seeks to curb leakages and relieve fiscal pressure from a surge in oil prices owing to the Middle East conflict.

Prime Minister Anwar Ibrahim announced that the monthly quota for subsidized RON95 petrol will be cut from 300 liters to 200 liters per citizen. The subsidized price will remain unchanged at 1.99 ringgit ($0.50) per liter.