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A diesel fuel nozzle is pictured while refuelling the tank of a car at a petrol station in Paris, France, September 18, 2023. REUTERS/Gonzalo Fuentes Image used for illustrative purpose.
Malaysia will introduce subsidy cuts on diesel and aims to save approximately 4 billion ringgit ($852.88 million) annually from the move, Prime Minister Anwar Ibrahim announced on Tuesday.
The targeted diesel subsidy reform will only involve consumers in peninsular Malaysia to begin with, Anwar said in a televised address. ($1 = 4.6900 ringgit)
(Reporting by Danial Azhar and Rozanna Latiff; Editing by Martin Petty)
