<div class="mt-3 imgw-300 embed-right"><a class="mobx embedimg-icon" data-rel="ceolightbox" href="https://myassets.theedgemalaysia.com/pics/2026/PUMP_1_20260701170911_xo6klf.jpg"><img alt="" src="https://myassets.theedgemalaysia.com/pics/2026/PUMP_1_20260701170911_xo6klf.jpg" /></a></div>

<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 1): The government’s bill on fuel subsidies is expected to surge to RM40 billion for 2026 due to elevated energy prices following the conflict in West Asia.</p></div>

<div class=newsTextDataWrapInner><p>For January and February, RM800 million per month was forked out to subsidise fuel prices, before surging to around RM5 billion a month for March and April, Prime Minister Datuk Seri Anwar Ibrahim said in a parliamentary written reply on Tuesday (June 30).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“If current market prices remain unchanged, the government is expected to bear almost RM40 billion in petroleum product subsidies for 2026,” Anwar said.</p></div>

<div class=newsTextDataWrapInner><p>Malaysia subsidises petrol and diesel, allowing eligible Malaysians to buy RON95 petrol at a subsidised price of RM1.99 per litre and diesel at a subsidised price of RM2.10 a litre.</p></div>

<div class=newsTextDataWrapInner><p>Crude oil prices spiked during the West Asia conflict. During the conflict, benchmark Brent crude oil hit a peak of US$144.50 per barrel on April 7.</p></div>

<div class=newsTextDataWrapInner><p>Pre-war, it stood between US$70 and US$80 per barrel.</p></div>

<div class=newsTextDataWrapInner><p>While still volatile, tensions between the US and Iran have tempered. A ceasefire is in place as the two countries hold peace negotiations.</p></div>

<div class="pb-5 imgw-800 mx-auto d-block"><a class="mobx embedimg-icon" data-rel="ceolightbox" href="https://myassets.theedgemalaysia.com/pics/2026/PUMP_3_20260701171349_r5fja0.jpg"><img alt="" src="https://myassets.theedgemalaysia.com/pics/2026/PUMP_3_20260701171349_r5fja0.jpg" /></a></div>

<div class=newsTextDataWrapInner><p><em>For more&nbsp;Parliament&nbsp;stories, click&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://theedgemalaysia.com/flash-categories/parliament&amp;source=gmail&amp;ust=1782808747708000&amp;usg=AOvVaw1UgLp6n6ve2WV5UrlIWtI6" href="https://theedgemalaysia.com/flash-categories/parliament" target="_blank">here</a>.</em></p></div>


KUALA LUMPUR (July 1): The government’s bill on fuel subsidies is expected to surge to RM40 billion for 2026 due to elevated energy prices following the conflict in West Asia.

Fuel subsidy bill expected to hit RM40b for 2026

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We, the members of G25, are once again deeply shocked and dismayed by the decision of the Pardons Board to grant a further conditional pardon to former prime minister Datuk Seri Najib Razak, allowing him to serve the remainder of his custodial sentence under house arrest. This follows the Pardons Board’s decision in 2024 to halve his 12-year prison sentence to six years and reduce his RM210 million fine to RM50 million, an astounding 76% reduction.

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At the end of World War II, the US Navy was by far the world’s largest. As late as 1975, the United States remained a major shipbuilding power, although its preeminence had already begun to diminish. By the end of the 20th century, however, American shipbuilding was in steep decline, despite government efforts to revive it.

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<p>Former prime minister Datuk Seri Najib Razak said he is still looking for ways to pay the fine previously imposed to meet the terms of his conditional pardon.</p>


<p>We, the members of G25, are once again deeply shocked and dismayed by the decision of the Pardons Board to grant a further conditional pardon to former prime minister Datuk Seri Najib Razak, allowing him to serve the remainder of his custodial sentence under house arrest. This follows the Pardons Board’s decision in 2024 to halve his 12-year prison sentence to six years and reduce his RM210 million fine to RM50 million, an astounding 76% reduction.</p>


<p>Chinese DRAM chipmaker CXMT said on Sunday its fifth-generation technology platform had entered mass production, a claimed breakthrough that could help China build a stronger competitor to Samsung Electronics, SK Hynix and Micron Technology in the global market for memory chips.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim will meet DAP secretary general Anthony Loke soon to hear his views before deciding on the latter's offer to resign as transport minister.</p>


<p>Venezuela and TotalEnergies SE signed a memorandum of understanding on Saturday, setting up the French company for a return to operations in the South American country.</p>


<p>At the end of World War II, the US Navy was by far the world’s largest. As late as 1975, the United States remained a major shipbuilding power, although its preeminence had already begun to diminish. By the end of the 20th century, however, American shipbuilding was in steep decline, despite government efforts to revive it.</p>


<p>Executives at Jefferies Financial Group Inc were sounding increasingly irate.</p>


<p>Ukraine launched what Moscow's mayor called the biggest drone attack yet on the Russian capital on Sunday, as Russians voted on the final day of a parliamentary election that President Vladimir Putin has cast as a test of support for the war in Ukraine.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim has denied allegations that he paved the way for former prime minister Datuk Seri Najib Tun Razak's pardon, stressing instead that every prisoner has the right to apply for a pardon to be considered by the Pardons Board.</p>
