Malaysia’s Anwar Unveils Gasoline Price Cut, Cash Handouts

Malaysia is amending plans to cut subsidies on the country’s most popular fuel, while also providing cash handouts as Prime Minister Anwar Ibrahim moves to help people with the cost of living.

In a support package unveiled in a televised briefing Wednesday, Anwar announced a payout of 100 ringgit (about $24) to Malaysians aged 18 and above. The country will also effectively continue to help people pay for RON95, the cheapest and most popular fuel, reducing it to 1.99 ringgit per liter from 2.05 ringgit per liter for locals.