Global supply crisis: Sabah, Sarawak diesel subsidies hit RM1.4 bln, says Armizan

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Malaysia's diesel subsidies for Sabah and Sarawak surged to RM1.4 billion in the first four months of 2024 due to rising oil prices amid a global supply crisis, according to Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali. The government spent RM2 billion overall on diesel subsidies to support the eastern states.

KOTA KINABALU (June 15): Diesel subsidy spending for Sabah and Sarawak surged to RM1.4 billion in the first four months of this year, driven by rising oil prices amid the global supply crisis, Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said. He noted that the government spent RM2 billion on diesel subsidies [...] The post Global supply crisis: Sabah, Sarawak diesel subsidies hit RM1.4 bln, says Armizan appeared first on Borneo Post Online.