KUALA LUMPUR: The government will maintain the temporary monthly quota for the Budi Madani RON95 initiative (Budi95) at 200 litres for now amid the global supply crisis, says Muhammad Kamil Abdul Munim.
The Finance Minister’s Political Secretary said all decisions would be discussed at weekly meetings of the National Economic Action Council based on current needs and the country’s economic capacity.
"We have to look at the broader situation, including oil supply. So far, conditions remain under control, and the government is monitoring developments.
"We have also diversified our oil sources and are not solely dependent on supplies from Middle Eastern countries," he said on Monday (April 27).
The government temporarily revised the Budi95 quota from 300 litres to 200 litres a month effective April 1, 2026, following the Middle East conflict, while the subsidised RON95 price remains at RM1.99 per litre.
Muhammad Kamil said the government was continuing efforts to sustain fuel subsidies despite the World Bank’s suggestion to revise the subsidised RON95 price to RM2.05 per litre.
"Although there was some initial opposition, the subsidy adjustment has proceeded well and we have managed to reduce leakages significantly. That is also why we are able to maintain our current approach," he added. – Bernama
