Dr M: Govt to provide subsidy if oil prices soar as a result of attacks in Saudi


PUTRAJAYA (Bernama): Saudi Arabia’s move to temporarily suspend production at the state-owned Aramco’s two major oil facilities following drone attacks by Yemeni rebels will definitely impact global oil prices, says Prime Minister Tun Dr Mahathir Mohamad (pic).

However, he said in Malaysia, the government practices intervention through a subsidy to offset the price hikes.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

MPV in crash where eight died was being pursued by cops
Melaka carrying out measures to protect residents from crocodile threat
Malaysia re-elected to Uncitral for 2025-2031 term
Malaysia, Vietnam elevate bilateral relations to comprehensive strategic partnership
Vehicles in viral video given summonses for parking too close to bus stop, Ipoh cops say
Eight people in MPV die in collision with 4WD in Sibu
Company director loses RM34,000 in scam to supply non-existent Agriculture Department order
Girl among three killed, baby hurt after family of four on motorcycle crash into lorry
Water levels at three major Kelantan rivers surpass alert levels
Scheduled water cuts to seven Penang Island areas Nov 28-29

Others Also Read