News Summary

• The government has announced that the price of subsidised diesel for Malaysians will be lowered to RM2.10 per litre nationwide from July.
• The move will be implemented through a uniform targeting using a MyKad-based mechanism, similar to the approach implemented by the Budi Madani RON 95 (Budi95) scheme.
• Non-citizens and ineligible parties will have to purchase diesel at the unsubsidised price.
• The ministry said that this step is important to reduce leakage and smuggling of the fuel, and to ensure that government subsidies only reach Malaysians.