IPOH: The government is still able to sustain the RON95 petrol subsidy for now, but is prepared to adjust its policy if costs continue to rise due to the Middle East conflict. No country can withstand rising costs if it continues with the same economic approach. He added that Malaysia is coping due to cost-saving measures and subsidy restructuring implemented earlier, but noted the significant increase in subsidy costs, which rose from RM700mil to RM4bil a month. On Petronas’ profits following higher global oil prices, Muhammad Kamil said Malaysia still needs to import oil to meet domestic demand. "We do not rely solely on Petronas’ oil, as we import to meet our needs.

Source: The Star March 28, 2026 16:39 UTC