Malaysia Minister Braces for Backlash Over Fuel Subsidy Revamp.

The Malaysian government is preparing for potential public backlash as it plans to roll back petrol subsidies by mid-2025, a move aimed at fiscal reform and investor confidence. The proposed two-tier pricing system for RON95 petrol could save the government 8 billion ringgit annually but may lead to inflation and price hikes. Prime Minister Anwar Ibrahim's administration is focused on managing the subsidy reforms to boost the economy and reduce the fiscal deficit, aiming to retain Malaysia's credit score and attract investors. [Extracted from the article]