The ministry of finance (MOF) of Malaysia has announced the Madani subsidy assistance programme, or Budi Madani for private owners of diesel vehicles and agriculture smallholders in Peninsular Malaysia.
UPDATE: The Budi Madani application website is now open.
Applications open tomorrow, May 28, 2024 for eligible individuals, who may apply for Budi Madani subsidies under Budi Individual and Budi Agri-Commodity categories. Successful applicants in both categories will receive a RM200 monthly sum in financial assistance as part of the targeted subsidy programme for diesel, the ministry stated.
Criteria for Budi Individual applicant eligibility are as follows:
- Malaysian citizenship
- Owner of a JPJ-registered diesel private vehicle, except luxury diesel vehicles less than 10 years of age
- Vehicle has valid road tax
- Annual income of RM100,000 and under (individuals and couples)
Criteria for Budi Agri-Commodity applicant eligibility are as follows:
- Registered farmer or smallholder with relevant agencies under the ministry of agriculture and food security (KPKM) or the ministry of plantation and commodities (KPK)
- Able to demonstrate annual turnover of between RM50,000 and RM300,000 from farming or commodity production
Applications can be made online at the Budi Madani website, which will be online throughout the year, according to the ministry of finance. Applicants who have had their applications approved before June 3, 2024 will receive their first Budi Madani payout by mid-June 2024, and subsequent payments will be made monthly.
For applications approved after June 3, 2024, successful applicants will receive their first payment within two weeks, and every month thereafter. The monthly sum will be transferred into the bank account of your choice, or in cash from any BSN branch for successful applicants without a bank account.
While it’s not explicitly written, the fact that payouts will start as early as June 2024 clearly means that the in-station pump prices for diesel fuel in Peninsular Malaysia will be floated to market prices very soon. As of today, unsubsidised diesel Euro 5 is priced at RM3.33 per litre, compared to the controlled price of RM2.15. That’s an increase of RM1.18 per litre, or 55%!
Using these numbers, the RM200 payout will make up the price difference for up to 169.5 litres of diesel fuel each month. For a diesel car doing around 10 km/L (diesel vehicles are mostly large and heavy), that works out to an average mileage of just 1,700 km per month, before the “subsidy” runs out. Any more, and you’ll be spending more on fuel than you do now.
This monthly cash transfer programme will likely extend to petrol users too, as and when the government decides to lift subsidies on RON 95 fuel. At the time of writing, non-subsidised RON 95 is priced at RM3.35 per litre – RM1.30 more than the current controlled price of RM2.05, or a 63% increase. Get ready, everyone!
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Syukurrrrr
Farming? Crypto-farming bisa?
E300, 320d, 520d, TDI
Raptor, Triton, Hailat liao
No more fun-ride already
But those LaLaMove how?
Starex Carnival to Genting how?
Those owners will underdeclare income below 100k who can find out if not have GST to monitor them? This goes back to PH fault. Rich owners continue to enjoy diesel subsidy while the poor have to pay higher prices for goods & services from these rich owners.
Ini semue salah PH….
use the commercial vehicle subsidy
Lagi syukuurrrr…
Harini menang, esok minyak Turun…..
Diesel increase , everythings increase.
ready for price hike guys
There is no such thing as subsidy, according to his mentri formula it is all paid for with higher global oil prices. They must give what they promised!
Pakatan Rakyat Leader = Pakatan Harapan Leader
Promises of Pakatan Rakyat for RM1.50/L petrol = Promises of Pakatan Harapan
Stop defending and give us cheap fuel that we voted for!
U still harping rm1.50/L?? What yr now??? Grow up bro
Someone promise to marry your daughter but after dah kena main he cabut lari you dun get angry ahh? Why you also main sama-sama too?
So what exactly was PADU good for if people need to apply at some dysfunctional govt portal all over again?
As if you didn’t know. One minister has a market research & data analytics company and this company needed a fresh database to sell to telemarketers and scammers. That’s why there was hesitancy towards registering with PADU until that minister played the FOMO tactic. You didn’t fall into his trap or did you?
100% PH voters should have fall for this scam particularly KKB voters otherwise why keep voting for them?
The bad news,get ready…the portal 80% of the time might not be easily assessed or even crash due to overload or soon dateline to log in.
So,u poor diesel vehicle owners…get ready for an unpleasant experience…by Christmas…oh dear..even Santa is stuck somewhere in Ukraine helping war victims.
Wahliow..those used car dealers having thousands of diesel cars or suvs…can u imagine the effect on sales,or people trading in diesel guzzling vehicles,will be having a new nightmare…low low trade in value.
So,in the end who suffers? It is a chain reaction.
Well, those greedy politicians win of course
Dont worry, soon will be RON95 no subsidy too. So diesel car will be attactive again.
This required proof and padu u just fill up without any proof submission
Anwar menang rakyat senang
Jangan menyampuk papa curi duit T20
Papa curi duit T20 dan rompak M40 bersama B40
Hello,dont tokok…rakyat is suffering now.Stop this delusional psychiatric talk…
Say July 1…unsubsidised price Rm 3.50 to RM4.00/litre.Uptick in price due to Israeli invasion of their enemy in Middle east,apart from Gaza.Possible war scenario?Anything can happen in geopolitics.
Can un imagine the spill over effects ?
Altho,doing away is the correct thing to do..it is not as easy as floating a new untested price shortly in a month or two.
Have u seen a dadah addict having withdrawal symtoms?
Fuel subsidies are too addictive.U cant just remove it overnight or shortly…Now the opposition is “harping” on this fuel subsidy thing,to score points.
The TIMING is crucial.It can be win win or win lose or lose lose.
Kenapa perlu jadi macam ini? Tak adakah mekanisme lain yg lebih berkesan dan kurang menyusahkan?(susahkan rakyat & susahkan kerajaan juga) Kena buka akaun BSN pulak? Cara bagi duit ni cara kerajaan terdahulu yg sekarang ini patutnya perlu fikirkan cara lain yg lebih bagus!!
Memang ada caranya. Bukan susah sangat pun! Maaf saya bukan saja saja nak bantah tapi saya cuma harap nak tengok kerajaan sekarang buat sesuatu yg lebih baik dengan cara yg lebih baik, baik untuk rakyat, baik untuk kerajaan. Untuk masa ini dan untuk masa hadapan . Untuk barang barang lain juga!!
BSN kalau tak ada akaun bank.. blh ambil cash dekat cawangan BSN.
kalau bukan susah sangat pun, apa caranya pak haji? boleh bagitau?
When PM Najib is back and running the country with a pure BN Gomen with full rakyat support, he will start by lowering the PH cekik darah taxation thru a lower 6% GST to replace 8+10% SST, then direct payments of cash to B40 via BRIM2.0, then inflation will be lower when our RM rises back to RM 2.5 per USD, with a stronger ringgit there will be less reasons for foreign cars to come take our subsidised petrol so there continue to have cheaper petrol for our rakyats, with a stable gomen back on track to high income more investments will flow and this brings more professional jobs for educated rakyats then they no more need to leave the country to work, this helps to bring more prosperity & happiness to all rakyat when everyone has jobs and money in their bank accounts.
We can’t wait for the day to kick out useless PH Gomen & PMX into Klang River which they repolluted after Najib has cleaned it up! Rakyat was truly senang under PM Najib now we regret putting him down.
delulu betul lah. if inflation decrease and rm rise to rm2.5 per usd, opr gonna rise too. and all loan gonna rise. the only loan not rise is najib 1mdb debt, because gov have to pay using taxpayer money.
You forget back then unemployment was lower and inflation was lower too, so an increase in OPR loan will not affect Rakyat coz everyone has jobs and could comfortably pay them off without asking for EPF money. Now under inept PH rule, OPR loan is still high but inflation is also high while more & more Rakyat are being jobless so without money how to pay these loans?
When people have money nobody will care about 1MDB coz that is not a problem with its arsenal of power generation plants & TRX landbank. It was PH that doomed 1MDB not PM Najib. And it is PH now killing our beloved Malaysia and selling off to foreign owners. If we keep with PH, Malaysia will soon no longer belong to Rakyat Malaysia, we will be on par with Rohingyas adrift without a nation to call home. This is all thanks to PH voters.
So happened I have 10 acres of durian farm in bentong and an old beaten up hailak for farm use. Annual sales tak pernah cecah RM100k. I can use the financial assistance to pump B7 diesel into my Range Rover Sport 3.0 Diesel. TQ PMX kerana prihatin kat Maha kaya
Yeah, govt should charge 60% “stupidy tax” for anyone dumb enough to buy a JLR car.
The B40 poor will be subsidising rich companies in PH Gomen Msia.
Well done PMX! Bisnes kaya diutamakan, rakyat diketepikan!
You sure such scenario exists boy? Or you’re just coming up with a hypothetical scenario you dreamt last night? 10 acres of durian trees and still cannot turnover RM100K? Driving a Tata made Range Rover? Wah…maybe next year it will be 1981 again!
LOL that is 100k declared! How you know he got 300k income undertable bcoz no GST to monitor?
Price increase is RM1.18 per litre while you get RM200 subsidy a month. That means approximately 170 litre of diesel are subsidised a month. If both your hailak and Range Rover use less than that in total, then ya you basically get subsidy or partial subsidy. But i guess in this case government also find you quite pitiful to own 10acres of durian farm and only able to get 100k sales per year from it.
LOL that is 100k declared! How you know he got 300k income undertable bcoz no GST to monitor?
Should have just remove the subsidy (without putting in money to create a mechanism to subsidy certain groups) and use the savings to help local industries like farming and etc to increase business activities.
This only helps the farmers & fishermen, what about the cooks who have to drive to work using unsubsidised fuel, what about the Grab driver who has to deliver your food with unsubsidised petrol? All these extra cost no need to charge you hah?!
In the end without blanket subsidy everything will go up!
Mad & I
Need to apply pula. Useless PADU.
Next time don’t waste resources doing useless project, then we may just have enough to continue the subsidy.
tak da projek tak da kang tao
PADU tu Database System lah bukan program subsidi, boleh guna Data daripada PADU untuk program subsidi Budi Madani ni.
Padu u just fill up without any prooof submission. This required proof
i can feel the heat wave,
those Triton Ranger Hilux Truck builders in Malaysia could go jobless
they will just jack up the price, the rakyat suffer most
PMX deserves to have fuel nozzles shoved up his filler cap as he did to saiful.
Becareful, he might actually like it!
Good. No more traffic jam. Turbocharged Honda users your turn soon hahahahahaha
only cash aid rm200/mth enuff to help? sigh…not a suitable time lah govt! Just do better and strict checking on border will reduce foreigner purchase subsidised fuel lah …use cctv,body cam, vehicle weight measurements to detect loophole lah.. y wanna burden the rakyat somemore??…sigh…
What constitute luxury diesel vehicles? Is Mazda CX-5 2.2D AWD considered luxury diesel vehicle?
off course.
Just go and check the product brochure. Luxury adjective all over.
UiTM
Universiti awam
Diskaun rumah
Pekerjaan sektor kerajaan
Minyak diesel
Masuk lg dgn sekolah berjenis2 tu sekali. Teringin nak merah blik IC tu la tu.
Why you people komplain so much? Garmen only promised no GST, didn’t say diesel fuel wil become cheaper or free! The choice is obvious, bring back GST to continue unfair subsidies for all or reduce subsidies for most people, with no GST, but high REAL inflation. The “official” inflation is just a make belief nombor aja!
Callback: Saya ulang.. hari ni kita menang, besok harga minyak TURUN!!!
Saya ulang.. hari ni saya jadi PM, mulai besok selama 5 tahun rakyat Malaysia akan kena sondol!!!!
Answer memang sudah fikir untuk maha Kaya Yang pakai 3.0 cc diesel car so bagi keluar duit kwsp supaya kereta tu Masih dapat dipakai. Mantap !
Answer memang sudah fikir untuk maha Kaya Yang pakai 3.0 cc diesel car so bagi keluar duit kwsp supaya kereta tu Masih dapat dipakai. Mantap !
Last week during interview with treasury director on TV1, he mentioned gradually price increase of fuel, not a whopping one go like Pak Lah’s one.
The RM200 ‘cashback’ will allso gradually increased in tandem with the pump price.
PT headline will surely make ways to walauns’ tiktoks just to make people angry.
Rakyat should know who should be choose next. Float the fuel price but remove the Excise Duty la. Balance money not paying to the bank can be use to supplement the high fuel cost. But fuel will never be high all time, some of the days it will go down. Hope government will take consideration on this.
Understand gom is trying to reduce subsidy. Since diesel price goes up, can the gom drop the road tax?
Formula king said 200 can cover all your monthly diesel and inflation. Cukur
Another excuses for all services/food/goods to hike price again…
So PADU is a complete failure isnt’t it?
Or BUDI + PADU = BUDU??
RM100k annual income for couple is so called “rich” people who are qualified to have the subsidy?
Ini kerajaan buat benda benda yg tak Masuk akal je, petani dijaga, bagaimana dgn penjaja van, peniaga runcit Pakai hailat 20 thn?, bas sekolah?, tukang paip, tukang cat, Dan Sebagainya? Tak perlu subsidi , biar harga naik mendadak kemudian? Bangang la.
1700km monthly?
Pretty sure most diesel car users use that every week. Budi Madani lol
Tak suka pegi piket la bising sini buat apa PMX takda masa baca PT blog la lol
Piket buat ape? xde guna! Yelow shirts nape x gi dataran merdeka guling guling kat jalanraya, krn mrk yang akan utk lepas tarik subsidi dr B40 kaannn!
Xyah piket, buat Sheraton Move 2.0 lagi efektif! Gulingkan kjaan PH!
The majority of households in Sarawak and Sabah use diesel; therefore, the subsidy continues. Similarly, the majority of households in East Malaysia use petrol; therefore, the subsidy should continue as well. Does that make sense?
nope. besar sarawak tu pun dah hampir 95% besar semenanjung malaysia, tak masuk sabah lagi. how come to compare.
Diesel B7 in thailand is RM4.15 per litre. That mean we can pump at RM3.33 per litre and sell it in Thailand for say RM3.80 per litre legally
My Ranger can take in 72 litres. So I can make RM36 per trip. This can be my new daytime job! Legal mah!
ya why not? you may try. at least gov have no loss money cause of smuggling.
expecting reasonable quotation
REASONABLE QUOTATION
I am retire