KUALA LUMPUR: A total of RM28bil in fuel subsidies are needed to be paid by the government this year owing to a rise in global price of crude oil, says Deputy Finance Minister I Datuk Mohd Shahar Abdullah.
“Crude oil was at US$85 (RM359) per barrel in January this year, which was higher than the US$55 (RM232) per barrel for the same period last year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
