Diesel prices jump 56% as Malaysia revamps decades-old fuel subsidies
KUALA LUMPUR, Malaysia — Diesel price in Malaysia jumped by more than 50% on Monday as part of a revamp of decades-old fuel subsidies to tighten government spending and save billions of ringgits annually. The restructuring eliminates blanket energy subsidies and redirects them to the needy. They’re part of economic reforms pledged by Prime Minister … Read more