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Angkatan Muda Harapan has proposed raising the BUDI95 fuel subsidy quota to 300 litres monthly and strengthening oversight of government-linked companies, alongside education and democratic reforms.
Prime Minister Anwar Ibrahim has disclosed that Malaysia is spending up to RM50 billion annually on fuel subsidies to maintain the RON95 petrol price at RM1.99 per litre, shielding consumers from volatile global oil markets.
Malaysia's work-from-home policy for federal civil servants has conserved 4.05 million litres of petrol and cut fuel subsidy costs by RM7.31 million since its April launch, benefiting over 74,000 government employees.
The federal government will refine its targeted fuel subsidy programme in Sabah and Sarawak by incorporating feedback from communities and stakeholders. The BUDI Diesel scheme, launched nationwide on July 1, provides subsidised diesel to eligible private vehicle owners.
Malaysia's 2026 fiscal deficit is projected at 3.6 per cent of GDP, marginally above the government's 3.5 per cent target, as stronger revenue collection and spending prioritisation help offset a RM25 billion increase in fuel subsidies.
Prime Minister Anwar Ibrahim has pledged that the government will seek detailed information and engage in discussions with oil companies regarding claims that petrol station operators experienced losses during the transition to the enhanced fuel subsidy system.
Malaysia's targeted BUDI Diesel subsidy programme has already reached nearly 200,000 private diesel vehicle owners in its first three days of operation, with Treasury officials confirming smooth implementation despite minor technical hiccups.