![Gov't caps RON95 petrol at RM2.05 per litre, diesel at RM2.15 per litre Gov't caps RON95 petrol at RM2.05 per litre, diesel at RM2.15 per litre](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2020-07/81594982155_YellowNozzle.jpg)
Gov't caps RON95 petrol at RM2.05 per litre, diesel at RM2.15 per litre
The government has decided to cap the retail prices of RON95 petrol and diesel at RM2.05 and RM2.15 per litre respectively, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
Wed Feb 10 2021
![Malaysia to set up economic panel to combat fall in oil prices, virus outbreak Malaysia to set up economic panel to combat fall in oil prices, virus outbreak](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2020-03/41583904305_TBPCMuhyiddin.jpg)
Malaysia to set up economic panel to combat fall in oil prices, virus outbreak
Malaysia's cabinet has agreed to set up an economic action council to tackle serious issues affecting the economy, such as a drop in global oil prices and a coronavirus outbreak.
Wed Mar 11 2020
![Inflation to ease given the decline in global oil prices, says Johari Inflation to ease given the decline in global oil prices, says Johari](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2017-02/81486641260_JohariAbdulGhani.jpg)
Inflation to ease given the decline in global oil prices, says Johari
Malaysia's inflation, which recorded the fastest growth in eight years in February, is expected to ease given the decline in global oil prices.
Mon Mar 27 2017
![Oil price recovery fires hope for Malaysian economy Oil price recovery fires hope for Malaysian economy](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-01/61453446018_OilGasJobless.jpg)
Oil price recovery fires hope for Malaysian economy
The recovery in global oil prices is expected to benefit Malaysian economy as it will lead to domino effect across other sectors and commodity.
Tue Feb 07 2017
![IRBM collects more than RM114 bln in direct taxes for 2016 IRBM collects more than RM114 bln in direct taxes for 2016](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-03/71459327866_LHDN.jpg)
IRBM collects more than RM114 bln in direct taxes for 2016
The amount collected is also less than the RM115 billion targeted for the year following the weak economy, as well as fall in global oil prices.
Mon Jan 16 2017
!['RON95, diesel prices likely to go up in January' 'RON95, diesel prices likely to go up in January'](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-12/71483108671_YellowNozzle.jpg)
'RON95, diesel prices likely to go up in January'
The retail price of RON95 and diesel were set according to the average prices of the fuel in the world market for a month, as well as being influenced by the ringgit's movement against US dollar.
Fri Dec 30 2016
![Thousands of jobless Asians stranded in Saudi Thousands of jobless Asians stranded in Saudi](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-08/41470149448_indianSaudiArabia.jpg)
Thousands of jobless Asians stranded in Saudi
"Some of them have nothing to eat and have to go through the garbage for food."
Tue Aug 02 2016
![Oil price concerns drag Bursa Malaysia lower in early trade Oil price concerns drag Bursa Malaysia lower in early trade](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-02/41455617412_OilGasIndustry.jpg)
Oil price concerns drag Bursa Malaysia lower in early trade
Weak sentiment following the fall in global oil prices, pushed share prices on Bursa Malaysia to open marginally lower this morning.
Tue Jul 26 2016
![Oil prices rebound on weaker dollar, bargain-buying Oil prices rebound on weaker dollar, bargain-buying](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-11/51447209157_CRUDEOIL.jpg)
Oil prices rebound on weaker dollar, bargain-buying
Oil prices rebounded in Asia Thursday, thanks to a weak dollar and bargain-hunting a day after the commodity sank to fresh two-month lows.
Thu Jul 14 2016
![Economists optimistic oil price to sustain at US$35-US$45 per barrel Economists optimistic oil price to sustain at US$35-US$45 per barrel](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-12/51449734835_CRUDEOIL.jpg)
Economists optimistic oil price to sustain at US$35-US$45 per barrel
This is based on encouraging demand despite major producing countries failing to agree on an output cap.
Mon Apr 18 2016
![Land public transport fares not dictated by world oil prices - SPAD Land public transport fares not dictated by world oil prices - SPAD](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-07/81436775603_teksi.jpg)
Land public transport fares not dictated by world oil prices - SPAD
Petrol and diesel contribute only 10 percent towards the operating costs of companies providing public transport services.
Thu Mar 10 2016
![Malaysia doesn't need economic contingency plan for now - Najib Malaysia doesn't need economic contingency plan for now - Najib](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-02/81455336021_penukaranmatawang.jpg)
Malaysia doesn't need economic contingency plan for now - Najib
This is because the country's fundamentals are intact and the recalibrated 2016 Budget has had a positive impact on the economy.
Tue Mar 08 2016
![Moody's: Global banks' credit risks to low oil prices rising Moody's: Global banks' credit risks to low oil prices rising](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-11/51447209157_CRUDEOIL.jpg)
Moody's: Global banks' credit risks to low oil prices rising
The deepening oil price slump will intensify pressure on banks globally, with those in major net oil exporting countries most exposed to credit risks in the near term.
Thu Feb 25 2016
![Ringgit ends higher versus greenback Ringgit ends higher versus greenback](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-10/81445588597_RINGGIT.jpg)
Ringgit ends higher versus greenback
At 5 pm, the local unit was at 4.2880/2960 from the 4.2900/2970 recorded on Tuesday.
Wed Dec 30 2015
![Wrong to blame 1MDB for ringgit's fall - Arul Kanda Wrong to blame 1MDB for ringgit's fall - Arul Kanda](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-08/41439436280_MONEYCHANGE.jpg)
Wrong to blame 1MDB for ringgit's fall - Arul Kanda
Arul Kanda says the Ringgit was very much influenced by the drastic drop in global oil prices and devaluation of the Chinese Renminbi that had adversely impacted the local currency.
Wed Oct 28 2015