Malaysian Prime Minister Anwar Ibrahim said the government will lower the subsidized diesel price from next month and introduce a targeted diesel subsidy aimed at reducing diesel costs rather than raising them. He linked the decision to progress in US‑Iran high‑level talks and cited Pakistan Prime Minister Shahbaz Sharif’s confidence that the Middle East crisis could be eased, a development he said would help stabilize diesel prices.

2026-06-22

Malaysian Prime Minister Anwar Ibrahim said the government will lower the subsidized diesel price from next month and introduce a targeted diesel subsidy aimed at reducing diesel costs rather than raising them. He linked the decision to progress in US‑Iran high‑level talks and cited Pakistan Prime Minister Shahbaz Sharif’s confidence that the Middle East crisis could be eased, a development he said would help stabilize diesel prices.