Petroleum subsidies projected to reach RM40 billion in 2026
Photo: The Vibes
Subsidies for petrol, diesel, and liquefied petroleum gas (LPG) rose from approximately RM800 million per month in January and February to nearly RM5 billion pe...
From the original report
THE government projects that petroleum subsidies will reach RM40 billion this year, following a global supply crisis that has pushed world crude oil prices above US$120 per barrel.
The Ministry of Finance stated that expenditure on subsidies for petrol, diesel, and liquefied petroleum gas (LPG) rose from approximately RM800 million per month in January and February to nearly RM5 billion per month in March and April.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at The Vibes
The Vibes
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About this story
- Source
- The Vibes
- Originally published
- Oct 29, 2026
- Updated here
- Oct 29, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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