00:00Finance Minister 2 Amir Hamza Azizan said maintaining subsidized petrol and diesel prices amid rising global prices due to the
00:08Middle East war will increase the government's monthly fuel subsidy bill to about 3.2 billion ringgit, up from 700
00:15million ringgit previously.
00:17Speaking at a press conference in Putrajaya following a special cabinet meeting, Amir Siddiq government is in a strong position
00:24to absorb the increased thanks to the various fiscal reforms and consolidations it has undertaken over the past three years.
01:00He added that Malaysia is still affected by rising global prices and the government is working to ensure that the
01:06rakyat are supported.
01:07However, he refrained from commenting on the economic impact if oil were to hit 200 U.S. dollars a barrel
01:14amid the Strait of Hormuz blockade after Iran's military warned on Wednesday that global prices could reach that level.
01:22Narita Raja, FMT
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