Kuala Lumpur, 10 June 2026 – Malaysia faces the risk of missing its fiscal deficit targets as higher global oil prices drive up the government’s fuel subsidy bill, placing renewed pressure on Putrajaya’s fiscal consolidation agenda.
Finance Minister II Datuk Seri Amir Hamzah Azizan said the Middle East conflict had pushed Malaysia’s monthly fuel subsidy cost sharply higher, with the bill reaching as much as RM7.5 billion in April. The surge reflects the challenge of shielding consumers from global energy-price volatility while keeping public finances on a sustainable path.
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