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The announcement comes as Malaysia looks to boost public assistance measures amid fresh coronavirus lockdowns imposed this month.The costs of retail fuel and cooking oil subsidies were set to increase sharply due to a global rise in commodity prices, Finance Minister Tengku Zafrul Abdul Aziz said in a statement.
The government spent 6.32 billion ringgit and 2.16 billion ringgit in subsidies in 2019 and 2020 respectively, he said.