Malaysia’s Fuel Subsidy Bill Swells to $1.8 Billion in April

Malaysia’s government expects to spend about 7 billion ringgit ($1.8 billion) on fuel subsidies in April, roughly ten times more than what it was paying before the Iran war.

The Ministry of Finance said the total includes an additional 75 million ringgit allocated to support three diesel assistance programs as policymakers seek to cushion the impact of rising costs on consumers and industries.