Malaysian PM Anwar Ibrahim’s earlier pledge of universal access to cheap RON95 has been narrowed; Malaysians driving foreign-registered cars will still pay more at the pump
[KUALA LUMPUR] Malaysians driving Singapore-registered cars will not be able to enjoy Malaysia’s new Budi95 fuel subsidy, which kicks in on Sep 30.
The scheme fixes RON95 petrol at RM1.99 (S$0.61) per litre, but only for Malaysians with locally registered vehicles. Those behind the wheel of Singapore- or Thai-registered cars must still buy RON97, which now retails at RM3.21 per litre. Foreigners are also excluded.
The move aims to close a loophole that could have drained billions of ringgit in subsidies across the border.
