As long as you carry a valid MyKad and driving license, you’re all good for BUDI MADANI RON95 (BUDI95), in which you get to enjoy the subsidised price of RM1.99 per litre for RON95.
However, Prime Minister Datuk Seri Anwar Ibrahim, although eligible for the subsidy, said that he pays the full unsubsidised price of RM2.60 per litre for RON95.
Anwar says he pays RM2.60 per litre for RON95 despite being eligible for BUDI95
At the Ministry of Finance’s monthly meeting today (15 October), he said that this reflected the government’s approach in ensuring that subsidies were distributed fairly and targeted to those who really needed them, rather than being given comprehensively, including to those who can afford them.
Anwar said maintaining the RM1.99 subsidy for locals and RM2.60 for foreigners shows the government’s commitment to social justice and effective fiscal management.
He added that the government is always careful in implementing subsidy rationalisation to avoid confusion or public anger, citing past examples such as the restructuring of electricity and chicken subsidies.
“The decision to withdraw chicken subsidies has saved the government RM1 billion a year, without affecting the stability of market prices.”
“We want to increase revenue, but if the people are burdened, what’s the point?” Anwar said.
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Anwar said this targeted subsidy policy would not only ensure that low-income people were protected, but would also make the country’s financial system more sustainable and with integrity.
On the other hand, Transport Minister Anthony Loke Siew Fook revealed yesterday that over 350,000 Malaysian citizens have renewed their driving licenses since BUDI95 was introduced.
This is a 38% increase in daily Road Transport Department (JPJ) transactions since the new targeted subsidy was introduced.
