The topic of oil prices has been around a lot lately, as we see prices skyrocketing amidst recent world events. Finance Minister Tengku Datuk Seri Zafrul Aziz has said that the government’s subsidies for petrol, diesel, and liquefied petroleum gas for 2022 could amount to RM28 billion if oil prices remain at this level. First, we look into our current subsidy system, and what it would look like to take a more targeted approach. Then, we look into the reasons why our fuel prices are so volatile, especially since we produce our own oils. 

Image source: Shawnviphography, Shutterstock

The topic of oil prices has been around a lot lately, as we see prices skyrocketing amidst recent world events. Finance Minister Tengku Datuk Seri Zafrul Aziz has said that the government’s subsidies for petrol, diesel, and liquefied petroleum gas for 2022 could amount to RM28 billion if oil prices remain at this level. First, we look into our current subsidy system, and what it would look like to take a more targeted approach. Then, we look into the reasons why our fuel prices are so volatile, especially since we produce our own oils. Image source: Shawnviphography, Shutterstock

We get the inside story on the major headline of the day, exploring different facets and perspectives to gain deeper insight.

We get the&nbsp;inside&nbsp;story&nbsp;on the major headline of the day, exploring different facets and perspectives to gain deeper insight.

Inside Story

We get the inside story on the major headline of the day, exploring different facets and perspectives to gain deeper insight.

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