Malaysia Halts Blanket Diesel Subsidies, Prices Surge 56%
Government shifts to targeted subsidies to curb smuggling and reduce fiscal deficit, sparking mixed public reactions.
- Malaysia ends blanket diesel subsidies, leading to a 56% price hike.
- The move aims to curb fuel smuggling and reduce the fiscal deficit.
- Targeted subsidies will continue for low-income groups and essential services.
- The government expects to save RM4 billion annually from the subsidy cuts.
- Public reaction is mixed, with concerns about inflation and cost of living.
CNA 
South China Morning Post 
Financial Post 
Associated Press 
Breitbart 
