KUALA LUMPUR: Malaysia’s monthly fuel subsidy bill climbed to as high as RM7.5bil at one point in April, as tensions in West Asia pushed up global oil prices and heightened concerns over energy supplies, Finance Minister II Datuk Seri Amir Hamzah Azizan says.
He said the subsidy bill had soared from about RM700mil a month in January and February to RM5bil in March, before peaking in April, although the amount has since moderated following a decline in oil prices.
“But now with prices coming down and moderating, we’re probably looking at about RM3.5bil to RM4bil of subsidies,” he said at the Invest Malaysia 2026 event here yesterday. — Bernama
