Malaysia Trims BUDI95 Petrol Quota to 200 Litres, Keeps RM1.99 Price
Officials say the change is a temporary brake on a subsidy bill swelled by oil near US$100 a barrel.
Overview
- Prime Minister Anwar Ibrahim, in a Thursday address, said the monthly BUDI95 quota will drop from 300 to 200 litres per person from early April while the subsidised price stays at RM1.99 per litre.
- Officials say most Malaysians use about 100 litres a month, and e-hailing drivers keep an 800-litre quota to protect their incomes.
- Diesel purchases in East Malaysia now face per-transaction caps of 50, 100 or 150 litres by vehicle type to deter hoarding and smuggling.
- Civil servants will adopt staged work-from-home arrangements as a demand-reduction step, with Anwar urging private employers to follow.
- The finance team cites a monthly subsidy bill jumping from roughly RM700 million to about RM4 billion after Middle East disruptions, including the Strait of Hormuz closure, and says the government is exploring ways to sustain BUDI95 beyond May.