Excluding T20 From BUDI95 Saves RM1.5B a MonthThe T20 stand to make much more savings from the BUDI95 scheme compared to the B40 and M40, despite not needing the subsidised fuel prices in the first place.
Additional BUDI95 petrol for e-hailing drivers to be given in phasesIt will be based on the total distance travelled by drivers the prior month, with those travelling over 5,000km to get an extra 500 litres.
Review of subsidy mechanism for other goods after RON95 rollout successDeputy finance minister Lim Hui Ying says this is to prevent leakages and ensure assistance only reaches those who truly need it.
No plans to slash 300-litre Budi95 quota, says TreasuryThe finance ministry affirms the scheme’s 300-litre monthly fuel quota, noting it is sufficient to meet the personal needs of 99.3% of motorists.
RM5bil saved through diesel subsidy rationalisation, says govtThe finance ministry also says 12.4 million citizens have benefited from the BUDI95 initiative.
Bulk subsidy in BUDI95 lets the ‘maha kaya’ off the hook, says MPNik Nazmi Nik Ahmad describes the BUDI95 initiative as regressive, saying it allows the wealthy to benefit from the scheme.
Firms can’t use subsidised RON95 for fleet vehicles, says FahmiThe government spokesman urges employees to report any misuse of the targeted fuel subsidy to the authorities.
E-hailing drivers, boat operators to benefit from expanded BUDI95 subsidyThe finance ministry says full-time e-hailing drivers will be eligible for more than the 300-litre RON95 limit, while registered boat operators are being identified.
Don’t panic if fuel price display doesn’t show RM1.99, Malaysians toldThe Petroleum Dealers’ Association of Malaysia reassures citizens they will enjoy cheaper RON95 ahead of the BUDI95 rollout tomorrow.
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