Malaysia’s government is bracing for public backlash as it commits to rolling back petrol subsidies mid-2025, a politically-sensitive and long-delayed pledge that’s key to convincing investors that it is serious about fiscal reform.

The government is mulling a two-tier price system for the country’s most-widely used fuel, so that the wealthiest 15 per cent pay the market rate for RON95 petrol while the rest

The government is prepared for choppy waters ahead over its commitment to rolling back petrol subsidies in mid-2025, said Economy Minister Rafizi Ramli. In an interview with Bloomberg Television, he acknowledged that the politically sensitive pledge is likely to evoke a public backlash when it takes effect.