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Prime Minister Anwar Ibrahim has raised the monthly subsidized fuel quota for eligible drivers by 100 litres, effective September 1. The move is widely seen as a pre-independence day gesture aimed at easing household costs and courting voter support.
Malaysia's Budi Madani RON95 targeted fuel aid program is benefiting over 14.2 million eligible citizens out of 16.7 million, according to Deputy Minister Amir Hamzah.
Malaysia's Finance Ministry has confirmed that the Budi95 quota remains at 200 litres, clarifying that a lower quota displayed earlier was due to a glitch. The late-night error has been corrected, assuring the public of the consistent fuel subsidy amount.
A personal driver and a Malaysian Civil Defence Force member were each fined RM4,000 by the Sepang Sessions Court for spreading false claims about the Budi95 subsidy on TikTok.
Malaysia's Communications Minister clarified that the Cabinet has not discussed any proposal to cut the BUDI95 fuel subsidy quota, stating that the deputy finance minister was misquoted.
Malaysia is reportedly considering further tightening the subsidised RON95 fuel allocation, potentially reducing the quota to 150 litres. This move aims to manage fuel subsidies.
Malaysia's government announced that the monthly Budi95 fuel quota will remain at 200 litres for the time being, ensuring stability in fuel distribution.
A proposal to reinstate the 300-litre Budi95 fuel quota for media practitioners in Malaysia is scheduled to be tabled on Tuesday, according to Fahmi.
The World Bank has described Malaysia’s targeted fuel subsidy reform under BUDI Madani RON95 (BUDI95) as a 'step in the right direction'.
Malaysia's Finance Ministry announced it would maintain fuel subsidies but reduce the BUDI95 quota to 200 litres, as unsubsidised diesel prices have surpassed RM6 per litre. This decision comes amidst a prolonged global energy crisis driving up crude oil prices.
Malaysia's Road Transport Department (JPJ) announced that holders of Malaysian Driving Licenses (LMM) that have been expired for more than 36 months are automatically disqualified from the BUDI95 program.
Lawyers representing Hindu mother M. Indira Gandhi have raised concerns that the Budi95 petrol subsidy account belonging to her ex-husband remains active, questioning why it has not been suspended.
KUALA LUMPUR, March 12 — Amid a global energy crunch triggered by the escalating conflict in Iran, the Ministry of...
Drivers in Kuala Lumpur are debating whether the 200-litre monthly cap on subsidised RON95 petrol is sufficient to meet their transportation needs amid rising fuel costs.
Prime Minister Datuk Seri Anwar Ibrahim defended the reduction of the BUDI95 fuel quota, stating that the 200-litre limit is sufficient for most drivers as the average RON95 usage is 100 litres.
The Malaysian Finance Ministry has instructed petrol retailers to enhance MyKad verification procedures for the Budi95 program.
Malaysia's Finance Minister II, Amir Hamzah, has dismissed speculation about the introduction of a new T20 income classification. He affirmed that the government's primary focus remains on enhancing the BUDI95 diesel subsidy program.
Malaysian politician Lim Guan Eng has called on the government to maintain the Budi Madani RON95 (BUDI95) fuel subsidy scheme and for banks to support micro, small, and medium enterprises (MSMEs).
Malaysia's Budi Madani RON95 (Budi95) initiative is proving to be a useful tool for managing fuel demand amidst global uncertainties, according to the deputy finance minister.
Increasing costs are affecting various aspects of daily life, leading couples to delay or forgo having children and impacting travel plans due to rising airfare and transport expenses. The surge in oil prices is also affecting road repair costs.
Malaysian police have been deployed to 150 high-risk petrol stations to combat diesel smuggling, while the government is also considering a new diesel subsidy equivalent to BUDI95.
FitchSolutions unit has commented that the Malaysian government's decision to further adjust the BUDI95 allocation is a sensible fiscal move. However, they warn that these adjustments are not without potential fallout risks for the economy.
Malaysia has temporarily adjusted its Budi95 RON95 fuel subsidy quota to 200 litres per month, down from 300 litres, while Prime Minister Anwar Ibrahim also announced flexi-work arrangements for civil servants and urged the private sector to follow suit.
Malaysia's government is now bearing an estimated RM4 billion a month in petrol and diesel subsidies under the BUDI95 and BUDI Diesel programmes.
Malaysia's Ministry of Finance announced it will block the cards of individuals found to be abusing the Budi95 subsidised fuel program, aiming to curb misuse.
Malaysian Prime Minister Anwar Ibrahim announced that the government will strive to maintain the price of RON95 petrol under the Budi95 initiative, despite rising tensions in the Middle East.
The PKR Youth wing in Malaysia is advocating for the monthly Budi Madani RON95 (BUDI95) fuel quota to be restored to 300 litres, and further increased to 350 litres for high-mileage users.
Malaysia's Finance Minister II stated that the government is not yet considering restoring the Budi95 monthly fuel quota from 200 litres back to 300 litres, indicating ongoing caution regarding fuel subsidies.
Malaysia's Ministry of Finance has issued a warning about severe penalties, including a RM20,000 fine and three years' jail time, for individuals involved in identity theft related to the BUDI95 MyKad program.
Malaysia's Transport Minister has announced that there are currently no plans to exclude the T20 income group from the Budi95 fuel subsidy program. This statement clarifies the government's position on fuel assistance for different income brackets.
Malaysia's Deputy Finance Minister Liew Chin Tong has clarified that he did not announce a reduced 150-liter Budi95 fuel limit, stating his comments were taken out of context.
The Malaysian government has decided to maintain the temporary monthly quota of 200 litres for the BUDI MADANI RON95 petrol initiative, citing ongoing supply concerns.
Malaysians are inquiring about the possibility of increasing their BUDI95 petrol subsidy limit to 300 litres. This query highlights public interest in government support programs for fuel costs.
The Philippines has received 329,000 barrels of diesel, with one report stating it originated from Malaysia, while Malaysia's National Economic Action Council has denied the shipment came from the country.
Malaysia's Ministry of Finance has refuted claims of additional BUDI Madani RON95 (BUDI95) subsidy applications, confirming that the 200-litre monthly cap for the fuel subsidy remains unchanged.
The Middle East conflict continues to drive global economic concerns, with Europe bracing for a supply crunch and price shock, Euro zone consumers turning gloomier, and developing Asia and Pacific facing potential inflation hikes. European shares and global stocks and bonds have slid as the crisis pushes oil prices above $105, exacerbating a war-fuelled energy crisis felt across various sectors and regions.
Malaysian Prime Minister Anwar Ibrahim announced that the ceiling limit for e-hailing and gig workers will be retained under the Budi95 program.
Several Malaysians have been banned from the Budi95 fuel subsidy program after being caught filling up containers in their car boots, violating the program's terms.