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Malaysia PM announces cash aid, fuel price cut to address rising living costs

MALAYSIA, JUL 23 – The RM2 billion package includes RM100 cash aid for 22 million adults and targeted petrol subsidies for 18 million motorists to ease rising living costs, Prime Minister Anwar said.

  • Malaysia's Prime Minister Anwar announced a one-time cash aid of $24 for all citizens aged 18 and above to address rising living costs.
  • Anwar also announced a reduction in fuel prices for RON95 petrol to RM1.99 per liter for Malaysians, while foreign nationals will pay unsubsidized market prices.
  • The government plans to restructure the RON95 petrol subsidy and remove blanket subsidies for the top 15% income group before September, despite concerns from the middle class.
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(Hanoi = Yonhap News) Correspondent Park Jin-hyung = While Singapore began distributing consumption coupons to all citizens to stimulate domestic demand, Malaysia is also introducing cash vouchers for its citizens...

·Korea, Republic of
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U.S. News broke the news in New York, United States on Tuesday, July 22, 2025.
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