Subsidies Under Budi95, Budi Diesel Have Hit RM4bil per Month, Says Finance Ministry

Subsidies under Budi95, Budi Diesel have hit RM4bil per month, says Finance Ministry

PUTRAJAYA: The government is bearing petrol and diesel subsidies estimated at up to RM4bil a month under the Budi95 and Budi Diesel programmes due to the rise in global crude oil prices, says the Finance Ministry. Read full story

Budi95, diesel subsidies now at RM4bil a month

The government says that due to the rise in global crude oil prices, the country is bearing petrol and diesel subsidies estimated at up to RM4 billion a month under the Budi95 and Budi Diesel programmes. With crude oil prices now exceeding USD100 per barrel, the country’s subsidy burden has also significantly increased, the finance ministry said. “Based on market prices two weeks ago, when Brent crude was around USD90 per barrel, petrol and dies…

Fuel subsidies to cost RM4bil a month, says finance ministry

The ministry says the increased bill is due to rising global crude oil prices.

MOF: Malaysia’s subsidy bill rises to RM4b a month under BUDI95, BUDI Diesel programmes

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