AI Summary
The Malaysian government reaffirms its commitment to partially removing RON95 petrol subsidies in the second half of 2025, targeting the wealthiest 15% of the population. The plan aims to save RM8 billion annually while ensuring the majority of Malaysians continue to benefit from subsidized prices. The government is refining the implementation plan and engaging with stakeholders, with further details to be released later. This move follows a similar reduction in diesel subsidies last year and aligns with the government's goal of reducing the fiscal deficit.
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