Malaysian PM plans to adjust petrol subsidies, redefining top income bracket from T15 to T10.

Malaysian Prime Minister Anwar Ibrahim announced plans to adjust petrol subsidies by potentially redefining the top income bracket, currently set at the top 15% (T15), to the top 10% (T10). This change aims to alleviate budgetary concerns while maintaining support for 85% of the population. The exact income thresholds are still under review, and the government seeks to ensure only higher earners pay market rates for petrol.