In-depth reporting on Malaysia and the region.
Prime Minister Anwar Ibrahim has defended the government's decision to cap monthly BUDI95 subsidised fuel at 200 litres, stating this allowance adequately serves most Malaysian drivers whose average consumption stands at roughly 100 litres per month.
Angkatan Muda Harapan has unveiled a five-point agenda demanding the government raise its BUDI95 fuel subsidy quota from 200 to 300 litres monthly, overhaul diesel assistance mechanisms, strengthen corporate governance at government-linked companies, and expand democratic freedoms.
Prime Minister Anwar Ibrahim has disclosed that Malaysia's annual subsidy burden reaches RM40-45 billion, with fuel support forming a substantial component to protect consumers from volatile global markets.
Nearly 68% of companies newly registered under an expanded diesel subsidy scheme are located in Sabah, Sarawak and Labuan, reflecting strong take-up among East Malaysian transport operators following the programme's extension in July.
Prime Minister Anwar Ibrahim has disclosed that Malaysia is absorbing escalating global oil prices through substantial annual fuel subsidies reaching RM50 billion to keep RON95 petrol prices stable at RM1.99 per litre.
Malaysia faces a potential monthly subsidy burden of RM3.5 billion if crude oil prices stabilize around US$90 per barrel, though the government says fiscal fundamentals remain sound and tax revenues offset costs.
Prime Minister Anwar Ibrahim has defended Malaysia's fuel pricing strategy, pointing to the government's RM40 billion annual subsidy commitment as evidence that further price reductions would endanger the nation's financial stability.
The Malaysian government will refine its targeted fuel subsidy programme in Sabah and Sarawak by incorporating public feedback. Prime Minister Anwar Ibrahim has personally engaged with communities to understand challenges in the BUDI Diesel initiative.
Parliament is expected to examine persistent internet connectivity problems and the fiscal strain from fuel subsidies amid Middle East geopolitical tensions, alongside measures for self-employed workers seeking home financing.