The Madani government’s much talked about targeted subsidy programme is here, with diesel fuel kicking things off before RON 95 petrol eventually comes onboard. Basically, fuel prices will no longer be at today’s low subsidised …
– here’s how to apply for the govt’s RM200 per month targeted diesel subsidybefore RON 95 petrol eventually comes onboard. Basically, fuel prices will no longer be at today’s low subsidised price at the pumps, but those deemed in need of assistance will be given direct cash transfers to offset the price increase.. The Program Bantuan Subsidi Madani, or in short, Budi Madani, is for private owners of diesel vehicles and agriculture smallholders in Peninsular Malaysia.
MoF says that those whose applications are approved before June 3 will receive their first Budi Madani payout by mid-June, and subsequent payments will be made monthly. For applications approved after June 3, one will receive his/her first payment within two weeks, and every month thereafter. The monthly sum will be transferred into the bank account that you stated in the application form. You can appeal your case if rejected – the website has a ‘rayuan’ section that will be active in mid-June.
If your truck is doing around 10 km/l, that works out to an average mileage of 1,700 km per month before the targeted subsidy runs out. Do more than that and you’ll pay the full price for diesel, just like the T20s in their Raptors . However, diesel pump prices may be adjusted upwards in stages, as opposed to an overnight jump to market price.
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