Govt Has No Plans To Expand Fuel Subsidy Programme -- Liew
KUALA LUMPUR, June 24 (Bernama) -- The government has no plans to expand the fuel subsidy programme after the recent adjustment in subsidised diesel prices, said Deputy Finance Minister Liew Chin Tong.
Instead, he said the government is now consolidating RON95 and diesel subsidies under the BUDI MADANI framework.
“Previously, before we had a mechanism of BUDI, since 2024, eligible diesel users were given RM200 a litre subsidy plus another RM200 cash assistance.
“Now, we are no longer giving cash subsidy (instead) we are putting everything under the BUDI framework,” he told reporters on the sidelines of the Association of Chartered Certified Accountants (ACCA) Mid-Year Tax Focus Conference here today.
The government recently announced that it has revised the price of subsidised diesel for Malaysians to RM2.10 per litre from July 1, 2026, as part of a nationwide subsidy rationalisation programme.
The new subsidised diesel price is a reduction from the current subsidised price of RM2.15 per litre, which is currently available in Sabah, Sarawak and Labuan, as well as under targeted diesel subsidy schemes.
The new rate will be implemented nationwide through the BUDI MADANI’s MyKad mechanism.
Meanwhile, during the fireside chat session earlier, Liew said that Budget 2027, slated to be tabled in the Parliament in October, will be guided by a series of resilience agendas.
He said this is aimed at enhancing supply chain security, safeguarding economic stability, and better preparing the nation for future challenges.
He said the government must also strengthen domestic recycling capabilities and the local ecosystem for plastics and medical supplies to better withstand future shocks.
“Moving forward, we must ‘reframe our cities’ so that more people, especially the middle class, can live in urban centres instead of having to commute from distant suburbs,” he said.
To “reframe our cities” can be defined as shifting our perspectives from traditional, top-down narratives to concepts such as interconnected, lived spaces shaped by human experience, culture, and social interaction.
“Resilience is the next step. We need to strengthen resilience to ensure that we are able to shield the nation from future chaos and challenges,” he said.
The fireside chat session was moderated by ACCA ExpertLink and TRATAX executive director Thenesh Kannaa.
-- BERNAMA