Malaysia will reduce the monthly subsidised RON95 petrol allocation under the BUDI95 programme from 300 litres to 200 litres starting April 1.
Prime Minister Anwar Ibrahim announced the move in a special address this evening, amid rising global oil prices linked to the ongoing conflict in West Asia.
According to Malay Mail, Anwar said the adjustment is aimed at cushioning the impact of increasing fuel costs while ensuring subsidies remain targeted.
Despite the reduction, subsidised RON95 petrol will continue to be priced at RM1.99 per litre.
He added that the change is not expected to affect nearly 90% of Malaysians currently benefiting from the subsidy.
E-hailing drivers’ quota unchanged
Anwar also confirmed that the monthly allocation for qualified e-hailing drivers will remain at 800 litres.
This suggests that drivers who rely on petrol for their daily income will continue receiving additional support despite broader subsidy adjustments.
Earlier today, Anwar said announced in a Facebook livestream that he would outline Malaysia’s strategic steps in strengthening readiness to face the global energy crisis amid the conflict in West Asia.
He described the government’s approach as firm, planned and focused on protecting public interest while ensuring national resilience.
Further details are expected to be announced.
