KUALA LUMPUR: A total of RM28bil in fuel subsidies are needed to be paid by the government this year owing to a rise in global price of crude oil, says Deputy Finance Minister I Datuk Mohd Shahar Abdullah.
“Crude oil was at US$85 (RM359) per barrel in January this year, which was higher than the US$55 (RM232) per barrel for the same period last year.
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