The Big Story: The end of cheap petrol? Malaysia’s RM1.99 RON95 under threat from the Iran conflict

Malaysia’s long-standing RON95 petrol price of RM1.99 per litre is under threat. Surging global oil prices, a tense Middle East, and a potential closure of the Strait of Hormuz are putting the government and consumers on high alert. What could rising fuel costs mean for households, businesses, and the Malaysian economy at large? Could subsidies survive, or are higher petrol prices inevitable? On The Big Story, Hongbin Jeong speaks with Lavanya Venkateswaran, Senior Economist, OCBC Bank, to find out more.See omnystudio.com/listener for privacy information.