The finance ministry says it will soon announce the list of luxury diesel vehicles that will not qualify for targeted subsidies under the Budi Madani subsidy assistance programme. According to finance minister II Datuk Seri Amir Hamzah Azizan, this will be the next step in the upcoming rationalisation programme involving diesel, the New Straits Times reports.
He added that further details about the programme beyond this would come at a later date. “The dates (of implementation) and prices will be announced later. We need time to avoid speculation that could lead to hoarding or sudden price increases,” he said.
Amir said that that even if a diesel-powered vehicle is classified under the luxury category, it could still be considered for subsidy assistance if it is older than 10 years. “Even though [they are] classified as luxury vehicles, if these vehicles are ‘sick’ after more than 10 years, they may be considered [for subsidy],” he said.
Budi Madani was announced on May 27 for private owners of diesel-powered vehicles and agriculture smallholders in Peninsular Malaysia, with applications opened on May 28.
The 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)
However, applicants will need to apply for either Budi Madani or the subsidised diesel control system 2.0 (SKDS 2.0) programme, which is intended for companies, but not both, according to minister of domestic trade and cost of living Datuk Armizan Mohd Ali.
That being said, according to MoF sources, we were informed that a person could technically apply for both SKDS and BUDI if he is both a business owner as well as owns a diesel vehicle personally.
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Hopefully not effect 4×4 owner.
Please don’t include my Range Rover Sport 3.0 Diesel into the ineligible list
More loopholes for the rich to get subsidies while changing higher prices to the M40 & B40. Well done PH voters!
wtf really … I supported PN
Abah/Assmin talked subsidi bersasar
When I voted PH … subsidi bersasar lagi
Our Tata made Range Rover Land Rover definitely not qualified
Reading this so means anu luxury vehicle NOT on this list will qualify for diesel subsidy, am right?
Please don’t give subsidies to privately owned pick up trucks, especially Hilux and Ford trucks. Annoying like mosquitoes