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Malaysia's BUDI MADANI Diesel initiative has successfully reduced fuel subsidy exploitation through purchase limits and coordinated enforcement, with police arresting 11 individuals and seizing RM2.09 million in the first seven months of 2024.
A major expansion of Malaysia's Subsidised Diesel Control System has attracted substantial uptake in East Malaysia, with nearly 68 percent of newly registered companies clustered in Sabah, Sarawak and Labuan since the scheme opened.
Small companies and local contractors will receive 300 litres of subsidised diesel monthly through fleet cards, the Domestic Trade and Cost of Living Ministry announced, targeting micro-entrepreneurs excluded from existing subsidy schemes.
Sabah's Chief Minister Datuk Seri Hajiji Haji Noor is coordinating with the Finance Ministry and federal agencies to refine the targeted diesel subsidy programme after its expansion to the state on July 1.
Malaysia has launched applications for the Subsidised Diesel Control System covering company-owned vehicles including jeeps and pickup trucks, with eligible subsidies beginning July 15 for registered micro and small businesses.