Tag - Fuel Subsidy

Budi95 records RM43.7mil in transactions nationwide

PETALING JAYA: Prime Minister’s senior press secretary Tunku Nashrul Abaidah says a total of RM43.7mil in transactions was recorded for 21.8 million litres of RON95 petrol under the Budi Madani RON95 (Budi95) initiative as of Sept 29. He said that as of 7pm on Sept 29, nearly 912,000 B40 Sumbangan Tunai Rahmah (STR) recipients, along with...

Ensure details on MyKad and driving license match for subsidised petrol under Budi95

PETALING JAYA: Malaysians should ensure that details on their MyKads and driving licenses match to enjoy RON95 petrol priced at RM1.99 per litre under the Budi95 programme, says the Finance Ministry. It said a cross-analysis with the Transport Ministry revealed that some driving licences did not follow the 12-digit format used on MyKad. Some still used old...

High income earners could be removed from fuel subsidy list, says ministry official

IPOH: The gradual rollout of the government’s fuel subsidy retargeting plan may soon see the top 15% income group (T15) excluded from receiving the Budi Madani RON95 (BUDI95) subsidy. This is in line with efforts to ensure a smoother transition, says Muhammad Kamil Abdul Munim. Muhammad Kamil, who is the political secretary to the Finance Minister, said...

Sharp decline in diesel sales shows subsidy misuse, says Fuziah

PUTRAJAYA: A drastic decrease in diesel sales following the subsidy rationalisation policy points to the fuel subsidy being widely abused, says Fuziah Salleh. The Domestic Trade and Cost of Living Deputy Minister said since the introduction of the targeted diesel subsidy on June 10, there has been a substantial shift in diesel consumption patterns in Malaysia. "Diesel...

Fuel subsidy details missing from PM’s speech, says Hamzah

PETALING JAYA: The Prime Minister’s national address has done little to alleviate the concerns of the people, who are already feeling the pinch from the rising cost of living, says Opposition leader Datuk Seri Hamzah Zainudin. "The elephant in the room is when will the fuel subsidy rationalisation come into effect and what will the government’s...