Application for RM200 monthly diesel subsidy opens today

Application for the Subsidy Assistance Program BUDI MADANI, involving private diesel vehicle owners, small farmers, and small commodity planters, will open today (May 28, 2024).

Qualified recipients will receive BUDI MADANI assistance of RM200 per month in line with the implementation of diesel subsidy distribution.

Second Finance Minister, Senator Datuk Seri Amir Hamzah Azizan said, private diesel vehicle owners meeting specific eligibility criteria can apply under the BUDI Individual category.

While small farmers and small planters can apply under the BUDI Agri-Commodity category.

“The follow-up implementation statement to the Prime Minister’s National Address by Datuk Seri Anwar Ibrahim last week regarding the Cabinet’s decision to implement diesel fuel subsidy distribution involving consumers in Peninsular Malaysia,” he said in a statement.

For the BUDI Individual category, applicants must be Malaysian citizens, own registered private diesel vehicles with the Road Transport Department besides luxury vehicles under 10 years old.

The owned vehicles must have active road tax and individual or spouse annual income of RM100,000 and below.

As for the BUDI Agri-Commodity category, applicants must be registered as small farmers or planters with relevant agencies under the Ministry of Agriculture and Food Security (KPKM) or the Ministry of Agriculture and Commodities (KPK).

Applicants should be active commodity small farmers or planters with annual agricultural sales between RM50,000 and RM300,000.

“Each application received will be cross-checked with data under the Inland Revenue Board of Malaysia (LHDNM) to exclude luxury vehicle owners under 10 years old and high-income individuals (T20),” he said.

Applications can be made online at the website https://budimadani.gov.my, which will be open throughout the year.

For applications made and approved before June 3, the first BUDI MADANI will be received by mid-June, with subsequent assistance distributed monthly.

While for applications approved after June 3, the first BUDI MADANI will be received within two weeks and subsequently on a monthly basis.

BUDI MADANI will be credited to the recipient’s bank account every month, while recipients without bank accounts can claim BUDI MADANI in cash at any National Savings Bank (BSN) branch across Peninsular Malaysia.

Amir Hamzah said that the BUDI MADANI Program complements the Government’s existing efforts in targeting diesel subsidies through the MySubsidi Diesel system managed by the Ministry of Domestic Trade and Consumer Affairs.

So far, nearly 90,000 fleet cards have been issued to companies in the public land transport sector and the land freight transport sector.

“As frequently emphasized by the Prime Minister, diesel subsidy distribution is among the fiscal reform measures under the MADANI Economic framework, to build Government financial sustainability and enhance Malaysia’s competitiveness.

“The BUDI MADANI initiative reflects the integrated efforts of the MADANI Government machinery to ensure that the diesel subsidy distribution mechanism is comprehensive, efficient, and effective, so that the logistics sector and the majority of the people are continuously protected,” he added.

For more information and to apply for the BUDI MADANI eligibility requirements, visit https://budimadani.gov.my.

Applicants can also contact the BUDI MADANI assistance hotline at 1-800-88-2747 / 03-8882 4565 / 03-8882 4566 or via email at [email protected].

Further inquiries and information can also be obtained at all Inland Revenue Board offices across Peninsular Malaysia.