Kuala Lumpur (VNA) - The Malaysian Government will float diesel prices and roll out Budi Diesel nationwide from July 1, with eligible Malaysians able to buy subsidised diesel at 2.10 MYR (0.52 USD) per litre using MyKad verification.
Around 700,000 private diesel vehicle owners will receive a monthly fuel quota of up to 200 litres shared between diesel and RON95. Eligible diesel pickup truck and SUV owners can apply for an extra 100 litres, increasing their monthly quota to 300 litres.
“This approach ensures subsidies are provided to eligible recipients based on their actual usage, regardless of whether the fuel used is diesel or RON95. It also gives recipients flexibility to manage their fuel consumption according to their monthly needs”, Minister of Finance II Datuk Seri Amir Hamzah Azizan said in a statement released after a media briefing.
The move replaces the existing 400 MYR monthly Budi Diesel cash aid with direct fuel subsidies, aimed at reducing leakages and ensuring subsidies reach targeted groups. Existing Budi Diesel beneficiaries will be automatically shifted to this new system without the need to reapply.
In addition to private diesel vehicle owners, the Budi Diesel facility will also be extended to groups such as river boat operators and generator owners in rural areas./.
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