Prime minister and finance minister Datuk Seri Anwar Ibrahim has said, according to a Bernama report, that the Malaysian government remains committed to the Budi Madani RON 95 (Budi95) targeted subsidy programme (under which RON 95 petrol is sold at RM1.99 a litre) and rejects the World Bank‘s proposal to raise it to the market price of RM2.65 a litre (the unsubsidised price is currently RM2.63 a litre).
“The (World Bank’s) proposal is to increase the price to RM2.65 per litre for all petrol, and then provide subsidies for certain categories. Therefore, my fellow cabinet members and I rejected the proposal and lowered the RON 95 price to RM1.99 per litre for Malaysian citizens and RM2.60 per litre for foreigners,” he said, adding that Budi95 has successfully reduced government expenditure without burdening the people.
“This shows that our (the government’s) approach is prudent and we take actions that can benefit the people. Alhamdulillah, the targeted RON 95 subsidy throughout Malaysia has received very good and positive response,” Anwar said today during the 2026 Supply Bill tabling in the Dewan Negara.
“When the government ended subsidies for chicken and eggs and floated their prices, the government ensured prices remained stable, supply was sufficient, and the people were not affected. The Madani government aims to target subsidies and achieve savings of around RM15.5 billion a year through the floating of chicken and egg prices, as well as the targeting of electricity, diesel and RON 95 subsidies,” Anwar said.
He added that comprehensive subsidy targeting also ensures that the majority of citizens continue to receive assistance while combating subsidy leakages to non-citizens and business use.
We’ve enjoyed two months of Budi95 already. From the September 30 start up to November 30, 13.9 million out of 16.55 million eligible Malaysians (84%) have bought 2.59 billion litres of RON 95 petrol at the subsidised RM1.99 a litre (RM5.16 billion total). First month statistics here.
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Should sell to those without Malaysian IC above RM4 while Malaysian that has exceeded Budi95 allocation can still purchase at RM2.60. Make some profit from foreigners. The system already there, why not utilise it properly. Then investigate Malaysians that exceeded their monthly allocation by a huge margin. Are they really using so much or smuggling petrol. RM2.60 is still cheap compared to our neighbours.
RM4 makes no sense. because malaysians who work in singapore and pay taxes to singapore will be entitled to subsidy . while foreign whitecollar expats who pay tax to lhDN and drive locally registerd car arent entitled to subsidy.
u still dunno wat to do yeah? just cancel all the subsidies, cancel AP, cancel e invoice, use gst, lower down import tax and cancel excise duty, better wise close the MADANI & MITI department, why the heck these 2 departments have higher authority than kastam malaysia???
kastam is merely to collect money and enfroce law. strategic decisions made at miti level.
yeah, let those 2 departments to high rise tax, kastam is told to choose high price tax for addition
Why can’t you use the name Fuel subsidy like all previous governments?
Keep saying Budi95 to brainwash people so that people think of how kind your goverment is giving us the fuel subsidy and we should all be thankful for your donation? Hello, we all pay income tax to build the country.
Just remove the subsidy completely and stop wasting Rakyat money on maintaining your papa mama sayang Budi95 mechanism.
Budi95 is targeted subsidy. not open subsidy like previous policys. We have been living with RON95 subsidy for..almost forever. it will be difficult to decouple this subsidy. there are too many rakyat that needs them. obviously from your post, you don’t feel the need for Budi95 subsidy so don’t slot in you myKad when refueling.
in my opinion, this budi95 subsidy hit’s it right!!! .. it have gradually reduce the amount of fuel under subsidy. that’s the way to go better than T20, M40, B40 classification of rakyat. this classification is not right and as time progress, a B40 will slip into M40 and M40 may slip into T20 and the other way round. as such how do regulate and define this. I think it is stupid of politician to use T20, M40 and B40 term to categorize rakyat for targeted subsidy. These terms are used for statistical analysis. This term cannot be specific enough for individual desgination. so this budi95 using Mykad goes direct to individual level. And none of us Rakyat with MyKad are excluded .. equality for all!! Syabas!!!
Because it’s not just simply fuel subsidy. If you think the name change is petty, you caring about the name change is petty as well. Easy for you to say what the government should do because you bear no responsibility to the peoples.
Jokes
Who cares! Their janji above still unfulfilled wat!