Embracing the Future: Targeted Diesel Subsidies Explained

Hey Malaysians! Let's talk about something that affects us all - fuel prices, especially diesel.

You may have seen the news about the diesel subsidy changes, and let's face it, deciphering government press releases can feel like trying to understand rocket science.

But don't worry, we are here to share it in an easy-to-understand way with a local twist!

Basically, it's support.

It aims to make essential goods such as food and transport more affordable for everyone.

But the point here is that the old system was not as efficient as it could have been.

Billions of ringgits were lost due to the leaks, meaning that some people who should not have benefited.

It's like your friend sneaking fries off the plate - not cool, right?

Insert a targeted subsidy for diesel:

The government has decided to make the system targeted.

Think of it as a special discount code, but instead of buying it online, you qualify by using diesel fuel.

That way, the right people get the help they need and our hard-earned tax dollars are used wisely.

The defect is as follows:

Market price for most: From June 10, diesel price in Peninsular Malaysia will be equal to the market price which is around RM3. 35/Liter. This might sound like a leap, but hear us out!

Supporting those who need it most: Don't worry, basic services and those who really rely on diesel are still covered! This is where the targeted portion comes into play:

Sabah, Sarawak and Labuan: Enjoy RM2.15 per liter.

Logistics Sector (SKDS 2.0): Get special fleet cards for diesel at RM2.15/litre to control the costs of transporting goods. This means that prices of everyday items such as groceries should not increase sharply.

Public Land Transport (SKDS 1.0): The price per liter for school buses, express buses, ambulances and fire engines is still RM1.88.

Fishermen: The government recognizes the importance of our fishing industry and keeps the subsidized price at RM1.65/litre.

Cash Assistance Programs (BUDI MADANI): Government introduces additional assistance through BUDI. Here's the lowdown:

BUDI Individual: If you own a diesel vehicle and are a Malaysian citizen, you can claim RM200 per month to offset the higher fuel costs. Think of it as a small cashback!

BUDI Agri-Truth: Are you a small farmer or a small farmer? This program offers RM200 per month so you can manage the potential impact on your income.

Why the change?

The government wants to make sure these subsidies reach those who really need them.

Remember, every ringgit saved is a ringgit that can be used to improve our schools, hospitals and infrastructure - basically things that benefit us all!

How ​​to get your piece of the pie:

Excited about these grants and financial aid programs? You must do the following:

BUDI Individu and BUDI Agri-Commoditi: Go to [https://budimadani.gov.my] and register if you haven't done it yet. The first payout round will take place on June 10th, so don't miss out! Even if you haven't registered yet, you can still get the June allowance if you apply before the end of the month.

Logistics Sector (SKDS 2.0): If you work in the logistics sector and want to apply for fleet cards, please visit [https://mysubsidi.kpdn.gov.my]

Remember these programs are here to support Malaysians!

Please share this information with friends and family who can benefit from it.

Let's work together to build a more efficient and sustainable future for our country.

Got questions or want to share your thoughts on the new diesel subsidy system?

Leave a comment below! We're all in this together.

P.S. Although the initial adjustment may seem difficult, let's embrace this change as a step toward more targeted and responsible use of resources.

Confused about the new Malaysia diesel subsidy changes? We've got you covered!

Diesel prices are changing in Malaysia, but don't fret! Get the full scoop on targeted subsidies, cash assistance (BUDI!), and how to qualify. From lower pump prices for essential services to support for fishermen and farmers, this explainer has everything you need to know. Fill up on knowledge and save money! #Malaysia #DieselSubsidy #BUDI #SupportLocal