PUTRAJAYA: In a surprise turn of events, the Government has disclosed that Malaysia is a beneficiary of declining crude oil prices because the country is a net importer, and not exporter, of the commodity and petroleum products, if liquefied natural gas (LNG) was not in the equation.
Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah said Malaysia had turned into a net importer of crude oil and petroleum products since 2014.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
