Dateline 2011-03-24:
MALAYSIA should not have any problem funding the extra subsidy cost due to higher oil prices but it could become a challenge if prices stayed too high for too long.
This would mean prices of about US$150 (RM454.5) a barrel, said Standard Chartered (StanChart) Bank economist Alvin Liew.
The government has pledged to absorb the extra subsidy from higher oil prices, although the subsidy bill could jump to more than RM14 billion if prices continue to rise.
…
Wata - Malaysian Oil and Gas Engineer 