Malaysia now spending over RM4 billion monthly on fuel subsidies. It’s time to accelerate EV shift

Malaysia has one of the cheapest petrol prices in the region at RM1.99/L for RON95, but that comes at a heavy cost. With global oil prices rising amid the current Middle East crisis, the government is spending significantly more just to maintain the subsidised price. In February alone, the subsidy bill was about RM700 million. […]