Deputy Finance Minister Liew Chin Tong has revealed that the government is currently considering to reduce the Budi95 quota from 200 litres to 150 litres.
This is in light of conflict in the Middle East, which has caused fuel prices to climb over the past couple of months.
Speaking to New Straits Times, he mentioned that the government is weighing the possibility of further tightening the subsidised RON95 fuel allocation under the Budi95 programme, with a possibility of reducing to 150 litres.
He said, “The data consistently show that 80 per cent of Malaysians use less than 200 litres. The next step is 150 litres [as] 60 per cent of the population uses less than 150 litres.”
“The number one concern for the nation is how to ensure that we have supply and consistent supply for as long as possible, even if the war drags on,” he added.
“Politically, I want to ensure that motorcycle users continue to enjoy a highly subsidised rate because if the precarious class are affected by high prices, you may have to pay a high political and societal price,” Liew said.
At the time of writing, unsubsidised RON95 is priced at RM 4.02/litre, while the subsidised price is still capped at RM 1.99/litre.