US EditionMalaysia Plans to Cut Subsidized Fuel Quota, The Edge Says
- Malaysia will reduce the monthly subsidized RON95 petrol quota from 300 litres to 200 litres per citizen starting April 1, while keeping the price at RM1.99 per litre, as announced by Prime Minister Anwar Ibrahim following the Middle East conflict.
- The quota reduction aims to curb fuel smuggling and subsidy leakages, with households able to share unused quotas among family members.
- Monthly government subsidies for petrol and diesel have surged to RM3.2 billion due to rising oil prices, prompting plans for further controls on diesel purchases and encouragement of flexible work-from-home arrangements to stabilize supply and reduce oil demand.
- Academics highlight Malaysia's relative economic stability in managing fuel price pressures, and suggest targeted pricing for foreign vehicles to protect domestic fuel supply.
14 Articles
14 Articles
Budi95 limit adjustment a strategic move to safeguard national resources, says academician
KUALA LUMPUR: The temporary adjustment of the monthly purchase limit for the Budi Madani RON95 (Budi95) petrol programme is a strategic and proactive step towards safeguarding national resources and ensuring subsidy integrity, says an academician. Read full story
Malaysia cuts subsidised fuel quotas on global oil price surge
KUALA LUMPUR - Malaysia’s government will cut subsidised allocations for its most popular fuel from April as it seeks to curb leakages and relieve fiscal pressure from a surge in oil prices owing to the Middle East conflict.
Malaysia Slashes Subsidized Fuel Quota Amidst Escalating Global Oil Prices
read the original version on: www.retailnews.asia In response to the recent spike in global oil prices, the Malaysian government has made the decision to decrease the monthly quota for subsidized RON95 fuel from 300 liters to 200 liters, with the policy effective from April. Reasons for the Reduction This reduction has been deemed necessary due to increases in the government’s subsidy […] The post Malaysia Slashes Subsidized Fuel Quota Amidst Es…
Malaysia is evaluating and adjusting the quota for purchasing subsidized RON 95 fuel oil (BBM), from 300 liters to 200 liters per person per month.
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