Gov't to continue petrol subsidies despite rising oil prices amid US-Iran tension

Geraldine Tong

Modified 8 Jan 2020, 10:39 am

Finance Minister Lim Guan Eng said the government is ready to continue paying for petrol subsidies in the midst of rising global oil prices due to the tensions between the US and Iran.

"For every increase in the oil price by US$1, Petronas will get RM300 million more, but it is Petronas that will benefit...

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