Malaysian Subsidy Review May Signal Vote Delay as Oil Rises
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Faztu Sabtu, a pharmacy supervisor in Kuala Lumpur, has about 100 ringgit ($33) left every month after paying for rent, food, fuel, groceries and utilities. That may soon dwindle.
Malaysia has been discussing whether to trim subsidies for gasoline, diesel and electricity, which could result in higher prices. A proposal to change power rates will be re-examined and presented to the government again, Energy, Green Technology and Water Minister Peter Chin said after a cabinet meeting today. Officials didn’t decide on fuel prices today, the domestic trade minister said separately.