Middle East Conflict Drives Up Oil Prices, Malaysia Adjusts Fuel Subsidies Without Panic Buying
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Due to rising global oil prices from the Middle East conflict, Malaysia reduced its fuel subsidy in April, cutting the monthly quota for 95 unleaded petrol from 300 to 200 liters per person. Despite this, the price remained at 1.99 Malaysian Ringgit per liter, and consumer order has been largely stable with no signs of panic buying.