Malaysia's Second Finance Minister Amir Hamzah Azizan stated that the nation's subsidy expenditure is expected to rise due to increasing oil prices resulting from conflicts in the Middle East.

Earlier this week, Prime Minister Anwar Ibrahim affirmed that Malaysia will maintain subsidized prices for its most widely used fuel, despite oil market fluctuations. He noted that the country has sufficient petroleum product reserves to last at least through May. The government plans to keep the price of the lowest-grade gasoline, RON95, unchanged at 1.99 ringgit per liter.