Malaysia expects billions in petrol subsidy savings — here’s where the money will go

KUALA LUMPUR, Oct 28 — The total fuel subsidy savings for this year will be finalised by year-end, taking into account actual transaction adjustments, weekly market prices, currency exchange rates, and verified consumption volumes.

Finance Minister II Datuk Seri Amir Hamzah Azizan said that from a fiscal perspective, the implementation of BUDI95 is expected to generate total savings of between RM2.5 billion and RM4 billion annually.

“The savings are the result of the comprehensive implementation of targeted subsidies, which includes reducing leakage, such as benefits reaching non-citizens and ineligible consumer categories, as well as curbing expenditures that do not align with the government’s social protection objectives.

“The government will continue to ensure that these savings are repurposed to strengthen targeted assistance, such as the Sumbangan Tunai Rahmah and Sumbangan Asas Rahmah, as well as other initiatives that provide direct benefits to the people,” he said.

He was replying to a question from Muhammad Fawwaz Mohamad Jan (PN-Permatang Pauh), who had asked the Finance Minister to state the actual amount of fuel subsidy savings for the year, in the Dewan Rakyat today.

Amir Hamzah stated that the government consistently adopts a responsive, data-driven approach, including continuous monitoring of developments in global energy supply and market prices, the nation’s fiscal position, and public feedback.

“Following more stable fuel supply conditions and current subsidy expenditure of approximately RM4 billion per month, the government is reinstating the BUDI95 eligibility limit to 300 litres per month, effective September 1, 2026.

“The previous adjustment from 300 litres to 200 litres was an initial, targeted measure to ensure the nation’s fuel supply remains secure amidst global supply uncertainties resulting from the conflict in West Asia,” he said. — Bernama

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吉隆坡，10月28日讯——今年的燃油补贴节省总额将在年底前最终确定，届时将考虑实际交易调整、每周市场价格、汇率以及核实的消费量。

第二财政部长拿督斯里阿米尔·哈姆扎·阿齐赞表示，从财政角度来看，BUDI95 的实施预计每年可节省 25 亿至 40 亿令吉。

“节省下来的资金是全面实施有针对性的补贴的结果，其中包括减少资金流失，例如减少向非公民和不符合条件的消费者群体提供的福利，以及遏制与政府社会保障目标不符的支出。

他说：“政府将继续确保将这些节省下来的资金重新用于加强有针对性的援助，例如‘Sumbangan Tunai Rahmah’和‘Sumbangan Asas Rahmah’，以及其他为人民提供直接利益的举措。”

今天，财政部长在国会下议院回答了穆罕默德·法瓦兹·穆罕默德·詹（国盟-峇东埔）的提问，后者要求财政部长说明今年燃油补贴节省的实际金额。

阿米尔·哈姆扎表示，政府始终采取积极响应、数据驱动的方式，包括持续监测全球能源供应和市场价格的发展、国家财政状况以及公众反馈。

“鉴于燃油供应状况更加稳定，且目前每月补贴支出约为 40 亿令吉，政府将从 2026 年 9 月 1 日起恢复 BUDI95 资格限制为每月 300 升。

他说：“此前将每升汽油限购量从300升调整至200升，是一项初步的、有针对性的措施，旨在确保在西亚冲突导致全球供应不确定性的情况下，国家燃料供应安全。”——马新社

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