Deputy Finance Minister Lim Hui Ying announced that as of November 30, more than 84% of the 16.5 million eligible Malaysians, or 13.9 million consumers, have enjoyed the RON95 petrol price of RM1.99 per litre under the BUDI MADANI RON95 (BUDI95) programme.
He also stated that during the same period, Budi95 recorded sales of RM5.16 billion, equivalent to the consumption of 2.59 billion litres of petrol.
Lim explained that the government is expected to generate savings of around RM2.5 billion to RM4 billion per year, subject to global oil prices and based on domestic consumption survey data prior to the implementation of BUDI95.
Lim also said that since the targeted RON95 petrol subsidy programme only started on September 30, annual savings can only be measured from 2026.
The statement was made when he was responding to a question from Dr Lingeshwaran R Arunasalam on the government's fiscal savings one month after the launch of the BUDI95 targeted subsidy programme.
Meanwhile, this range of savings takes into account various scenarios of global crude oil prices between $60 and $80 per barrel, in addition to the implementation of the elimination of subsidies for non-target segments, including non-citizens and commercial users.
The focus in 2025 will continue to be on monitoring and improving the implementation mechanism to ensure that the BUDI95 system remains stable and user-friendly, while also helping to reduce subsidy leakage.
Savings from the implementation of various targeted subsidies, including BUDI95, have created greater fiscal space for the government, thus benefiting the well-being of the people.
