Malaysia Plans to Cut Subsidized Fuel Quota, The Edge Says

Malaysia plans to reduce the monthly subsidized entitlement for its most popular fuel amid a surge in oil prices due to the Middle East conflict, The Edge reported.

The government will cut the current 300-liter quota of RON95 for citizens to 200 liters per month effective April, The EdgeBloomberg Terminal said, citing sources it didn’t name. Consumption exceeding the quota will be based on market price. Unsubsidized RON95 has been raised twice or by a combined 45% since March 11.