Malaysia tightens borders to fight fuel smuggling amid global energy crisis

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Amidst a global energy crisis exacerbated by conflict in the Middle East, Malaysia is strengthening its border enforcement to combat fuel smuggling. Prime Minister Anwar Ibrahim announced the decision to maintain subsidized RON95 petrol prices at 1.99 ringgit per liter, despite rising global crude oil costs. The government is concerned that higher fuel prices abroad will incentivize the illegal export of subsidized fuel from Malaysia. The move aims to stabilize the domestic economy and prevent disruption to the country's fuel supply. State-oil firm Petronas has assured the government that Malaysia’s petroleum product supply remains secure and sufficient until at least May.
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