KUALA LUMPUR -- Malaysia will restructure its fuel subsidy scheme next week to save government spending for other policies, Prime Minister Anwar Ibrahim announced Monday, marking a shift that allows fuel prices to be higher for foreigners.
Prime Minister Anwar takes 'bold step' to free up government's fiscal space
Traffic in Kuala Lumpur's business district: Under the fuel new scheme, Malaysian citizens will be entitled to 300 liters per month at the subsidized price, with exemptions for ride-hailing drivers © Reuters
KUALA LUMPUR -- Malaysia will restructure its fuel subsidy scheme next week to save government spending for other policies, Prime Minister Anwar Ibrahim announced Monday, marking a shift that allows fuel prices to be higher for foreigners.