Malaysia to Introduce Targeted Diesel Subsidies Starting Next Month

According to Jin10, Malaysian Prime Minister Anwar Ibrahim announced on June 22 that the government will introduce targeted diesel subsidies starting next month, with the policy aimed at lowering diesel prices rather than raising them. Ibrahim stated that the move is based on progress from high-level negotiations between the U.S. and Iran, citing Pakistani Prime Minister Shehbaz Sharif's confidence that Middle East tensions could ease, which would help stabilize diesel prices.
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