Malaysia's Fuel Price Hike: A Squeeze on the Middle Class? The Malaysian government has decided to increase unsubsidized fuel prices by up to 20 Malaysian cents per liter, effective from May 21 27.
This decision has sent shockwaves through the country, with many wondering what it means for ordinary citizens.
The Automatic Pricing Mechanism (APM) formula determines fuel prices in Malaysia based on the average cost of oil in the previous week.