The diesel subsidy rationalisation programme, also known as Budi Madani Diesel (Budi Diesel), has saved the Malaysian government around RM5 billion a year since its June 10, 2024 implementation, the finance ministry has said, according to a Bernama report.
Besides reducing pressure on the country’s fiscal position, the savings enable funds to be redirected for more productive purposes, including strengthening the people’s social safety net, the ministry said yesterday in a written reply to Rompin MP Abdul Khalib Abdullah who wanted to know how effective the targeted petrol and diesel subsidies have been in reducing leakages and easing Malaysia’s fiscal burden.
“Among the government’s proactive measures is the improvement of cash aid such as Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) by increasing allocation to RM13 billion under Budget 2025 compared to RM10 billion in the previous year, and further to RM15 billion through the SARA Appreciation initiative. The savings are also used to fund development projects that can increase the country’s productive capacity,” it said.
Also, over 140,000 recipients under the Budi Individual category and 180,000 recipients under the Budi Agri-Komoditi category have been approved, with total payouts of RM430 million and RM350 million respectively. As of September 30, diesel fleet cards (which unlock diesel at RM2.15 a litre) have been approved for 355,074 vehicles under 121,618 companies.
As of 4pm October 8, over 10 million out of 16 million eligible Malaysians (62.5%) have bought 365.7 million litres of RON 95 petrol at the subsidised RM1.99 a litre (RM727.7 million total) since Budi Madani RON 95 (Budi95) began on September 27 for police and military personnel. The latest numbers are 12.4/16.5 million Malaysians (75%) and 930 million litres (RM1.85 billion) as of October 21. We’re approaching the first full month of Budi95.
Meanwhile, the economy ministry said in the same written reply that the Central Database Hub (PADU) is one of the key reference databases for Budi95 validation by the finance ministry. “Based on the available data, the government can identify socio-economic intervention programmes for specific target groups. In this regard, PADU can be utilised as a reference database by the relevant government agencies.”
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just started a few weeks and you are talking about a year’s saving haha. now we see why we always loose money in every government projects from buying overpriced cameras to military ships to cow farm!
its called projections and extrapolation.
Hope you do open your eyes its Diesel which was implemented in June 2024.
No wonder nowadays Gen ZZ all so angry just fill in the blank while imagining headlines.
well said keawas. bashers blindly bash without reading
yet smugglers still smuggling diesel to Thailand…
in the news last month