Malaysians primed to pump cheaper petrol, but with new monthly limit

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Malaysians will be able to buy even cheaper petrol – but only up to 300 litres (79 gallons) per month – from next Tuesday under a sweeping new fuel subsidy scheme announced on Monday, aimed at reducing the country’s bloated subsidy expenditure.Fuel subsidies have long strained the budget, with nearly 20 billion ringgit (US$4.7 billion) spent annually in recent years – about 8 per cent of total expenditure.Under the old system, all motorists enjoyed unlimited RON95 petrol at 2.05 ringgit (49 US...