What is the projected fuel subsidy bill for Malaysia in 2026, and how does it compare to the current year's allocation?

Malaysia’s fuel subsidy bill may reach 40 billion ringgit ($9.8 billion) in 2026 if current market prices persist, more than double the 15 billion ringgit allocated for subsidies in this year’s budget.

How have monthly fuel subsidy expenditures changed in Malaysia between early and mid-2024, according to Prime Minister Anwar Ibrahim?

Fuel subsidies rose from about 800 million ringgit a month in January and February to about 5 billion ringgit a month in March and April, as stated by Prime Minister Anwar Ibrahim in a written parliamentary reply.

Malaysia’s Fuel Subsidy Bill May Reach $9.8 Billion, Anwar Says

Jun 30, 2026

Malaysian Prime Minister Anwar Ibrahim warned fuel subsidies could reach $9.8 billion in 2026 amid high prices and geopolitical tensions. While supplies remain stable, the nation relies heavily on the Strait of Hormuz for crude imports.

bloomberg

2026-05-09

Anwar to Outline Malaysia Oil Supply Continuity Plan: Bernama

2026-05-26

Malaysia Secures Fuel Supply Through July, Anwar Says

2026-06-30

Malaysia’s Fuel Subsidy Bill May Reach $9.8 Billion, Anwar Says

2026-08-30

Malaysia PM Unveils Living Cost Measures, Restores Fuel Quotas

2026-08-30

Malaysia Raises Subsidized Fuel Quotas as PM Anwar Courts Voters

Malaysia’s Fuel Subsidy Bill May Reach $9.8 Billion, Anwar Says

FAQ