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Malaysia says no electricity tariff hike for second half of 2015

[KUALA LUMPUR] Malaysia will not raise electricity tariff for the rest of the year, the ministry of energy, green technology and water said on Thursday.

Malaysia last raised electricity tariff in January 2014, when oil was at US$110 a barrel. The government had then defended the move as part of its efforts to boost fiscal position by cutting subsidies.

Brent crude for August delivery was up 10 cents at US$63.59 a barrel by 1040 GMT.

REUTERS