Nine out of 10 Malaysians will not be affected by the Budi95 quota adjustment, says home minister Datuk Seri Saifuddin Nasution Ismail. From April 1, the 300 litre monthly quota for RON 95 petrol under the Budi Madani RON 95 fuel subsidy programme will be temporarily adjusted to 200 litres a month, at the same subsidised rate of RM1.99 per litre.
Given that the majority of consumers use only about 100 litres of RON 95 each month, daily life for 90% of the population would continue as normal without additional costs, he said, reiterating that indicated by prime minister Datuk Seri Anwar Ibrahim when he announced the upcoming quota adjustment yesterday.
Saifudding added that the adjusted quota will remain in place until global conditions stabilise, and assured e-hailing drivers that their quota would remain at 800 litres a month to protect their livelihoods, as the New Straits Times reports.
The Pakatan Harapan secretary-general said the national fuel subsidy bill had surged sixfold from RM700 million to RM4 billion a month due to the conflict in the Middle East, forcing the government to balance the figures through the temporary quota adjustment.
“The government maintains a clear stance that the people must be protected by continuing the Budi95 subsidy despite increasingly challenging global pressures,” he said. He added that while other nations had passed the burden to their citizens, Malaysia was choosing to absorb the price increase to prevent a drastic impact on the cost of living.
“Today’s world is facing increasingly challenging global pressures. The surge in crude oil prices past US$100 per barrel has had a major impact on many countries. In Hong Kong, petrol prices have reached around RM14 per litre. In Singapore, it is about RM10 per litre. This is the reality the world is facing today. However, in Malaysia, the government has taken a clear stand to protect the people,” he said.
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okla, give you 1 brownie point and deduct 1 from PAS and BN.
Fake promises remain unfulfilled by fake gomen
So, how much is the saving after reducing the quota to 200l/eligible person?
From RM4B potential subsidy and the claim that only 10% use >200l, our government can only save roughly RM71m/month.
once Middle East conflict over will be reintroduce 300l back or Saya janji, saya janji, janji yer???
can someone remind me how much did petrol used to cost during BN time and during PM najib rule ?
RM 1.25 per liter
When PM6 & BN lost GE14 in 2018, RON95 was at RM2.20/L.
this is good news for 90% of us. Gradually if needed then we look at other method to reduce fuel useage. Perhaps inconjunction with wfh initiative perhaps control amount of non-commercial vehicle on the road by plate number. odd and even numbers… limited by day of weeks and fri all allowed. for starter, implement for mon thru thurs. weekends, sat & sun like fri, unrestricted.
if need further reduction control for sat & sun also. fri will always free for all…
apply to urban areas or region with good public transportation implemented.
vehicles from outside the region, must park outside and use public transport to enter these restricted area or use e-hailing service.
Hehe
I am the one affected if still using ICE.
There’s a short saying:
U can please some ppl, some of the time but u can’t please all the ppl all the time…
So of u feel u r impacted by this, just suck it up & move on…
How about pleasing the majority of rakyat whom they promised cheap fuel but still unfulfilled?
Too bad if you still want to childishly throw tantrums, just like the time when your parents didn’t want to buy that nice expensive toy you wanted so much, because they needed the money to buy food to feed you and to pay rent to put a roof over your head.