Budi95 limit temporarily adjusted to 200 litres per month, still at RM1.99 per litre - PM
The move comes against a backdrop of heightened geopolitical tensions in the Middle East, particularly following escalating conflict involving Iran, Israel and several Gulf states, which has disrupted global oil and gas supply chains.
SHAH ALAM — The government will adjust the monthly subsidised petrol quota under the Budi95 scheme from 300 litres to 200 litres beginning April 1 as part of a temporary adjustment amid ongoing global economic and energy uncertainties.
Prime Minister Datuk Seri Anwar Ibrahim said the decision follows a review of fuel consumption patterns, which found that the average monthly usage of Budi95 stands at around 100 litres.
"Nearly 90 per cent of users consume less than 200 litres per month, indicating that the majority of beneficiaries will not be affected by the revision.
"Despite the adjustment, the government confirmed that the Budi95 fuel price will remain unchanged at RM1.99 per litre," he said.
The subsidy scheme was introduced to cushion the impact of rising global fuel prices, even as many neighbouring countries have increased petrol prices.
The initiative has provided significant relief to the rakyat, but additional measures are needed to ensure its sustainability.
The move comes against a backdrop of heightened geopolitical tensions in the Middle East, particularly following escalating conflict involving Iran, Israel and several Gulf states, which has disrupted global oil and gas supply chains.
Malaysia, while not directly involved, is feeling the spillover effects, including potential supply disruptions linked to the Strait of Hormuz.
The government noted that such developments continue to influence global energy markets and domestic fiscal considerations.
Anwar said that the quota reduction is a temporary measure pending improvements in global oil supply conditions and economic stability.
He also reiterated Malaysia’s relatively stable position due to the longstanding capacity of Petroliam Nasional Berhad (Petronas) in managing energy resources.
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