Malaysia to lower diesel prices amid confidence in diplomacy Malaysian Prime Minister Anwar Ibrahim has linked a planned reduction in subsidised diesel prices to growing confidence that negotiations aimed at ending the Iran war could ease tensions in the Middle East and stabilise energy markets. According to Malaysia's Star newspaper, Anwar said his government had decided to lower, rather than increase, subsidised diesel prices from next month despite global uncertainty. He said Pakistani Prime Minister Shehbaz Sharif, who has played a key role in coordinating negotiations between the United States and Iran, had expressed confidence that the crisis in the Middle East could be eased.