Budi95 fuel subsidy benefits nearly 14mil Malaysians
KUALA LUMPUR: Nearly 14 million Malaysians have benefited from subsidised RON95 petrol under the Budi95 scheme, the Dewan Rakyat was told.
Nearly 14 million Malaysians have reaped the benefits of subsidised RON95 petrol through the Budi95 scheme, informed the Dewan Rakyat. Prime Minister Anwar Ibrahim revealed that this figure, as of September 30th, accounted for approximately 85 percent of the 16.5 million eligible Malaysians. Beneficiaries can purchase RON95 petrol at RM1.99 per litre by confirming their identity via MyKad, according to a written parliamentary response to Mohd Syahir Che Sulaiman (PN-Bachok).
Anwar lauded the government's enhanced assessment, noting positive outcomes in refining subsidy targeting, curbing leakage, and safeguarding consumers' purchasing power. He emphasized that the transition from standard to specific subsidies ensured benefits were no longer widely accessible to ineligible groups, including foreigners. The scheme is expected to yield annual savings between RM2.5 billion and RM4 billion, contingent upon global crude oil prices, exchange rates, and real fuel consumption.
The additional fiscal space generated is intended to bolster other assistance programmes, such as Sumbangan Tunai Rahmah and Sumbangan Asas Rahmah. E-hailing drivers who meet the eligibility criteria may receive up to 800 litres of fuel per month, contingent on the actual travel distances verified by data supplied by e-hailing operators. The government pledged to keep monitoring the Budi95 scheme based on actual consumption, global energy prices, and the nation's fiscal situation.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
