Malaysia says new diesel subsidies can save millions to benefit citizens, but experts flag fiscal risks

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Malaysia introduced new diesel subsidies lowering the price to RM2.10 per litre for all citizens, aiming to save millions and benefit the public. However, experts caution that rising oil prices could strain the government's fiscal budget.

Malaysia’s move to lower diesel prices to RM2.10 (US$0.50) per litre for all citizens could squeeze the government’s fiscal space if oil prices rise again, analysts warn.