PETALING JAYA: RON95 and diesel subsidies have risen from RM700mil to RM3.2bil within less than a week as global prices spiked following disruptions to a key West Asian shipping route, says Datuk Seri Anwar Ibrahim.
In an explainer video shared on his official Facebook page Sunday (March 22), the Prime Minister said that the West Asia conflict had affected the Strait of Hormuz, through which about 20% of the world’s oil supply passes.
