KUALA LUMPUR (June 22): The government will introduce the Budi Diesel mechanism nationwide from July 1, with diesel prices set at market rates while eligible Malaysians can purchase subsidised diesel at RM2.10 per litre using MyKad verification.
Around 700,000 private diesel vehicle owners will benefit from the programme, receiving a monthly quota of up to 200 litres, with additional quota available for eligible pickup truck and SUV owners, according to a statement by the Ministry of Finance.
The move replaces the existing RM400 monthly Budi Diesel cash aid with direct fuel subsidies, aimed at reducing leakages and ensuring subsidies reach targeted groups.