Govt to provide subsidy if oil prices soar: Mahathir

Govt to provide subsidy if oil prices soar: Mahathir

the Sun Daily - Local·2019-09-15 21:01

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

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

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