Malaysia’s Madani government announces three enhancements to BUDI Diesel subsidy system, waiving ownership transfer fees for three months.
KUALA LUMPUR: The MADANI Government has announced three enhancements to the implementation of the targeted BUDI MADANI Diesel (BUDI Diesel) subsidy system to facilitate the transition ahead of the programme’s early access phase, which begins tomorrow in Peninsular Malaysia.
The Ministry of Finance (MOF) said in a statement today that the enhancements were agreed upon following several engagement sessions held with the public, small traders, stakeholders and implementing agencies after the announcement of the BUDI Diesel implementation on June 22.
The enhancements are the implementation of the Temporary Incentive Programme for the Exemption of Vehicle Ownership Transfer (THM) Fees for diesel vehicles for three months beginning July 1, allowing subsidy eligibility to be transferred to the actual users of vehicles, and the expansion of BUDI Diesel to cover company-owned private pick-up trucks and jeeps.
“The transition to BUDI Diesel is aimed at ensuring that diesel subsidies reach eligible Malaysians, while at the same time closing loopholes that have cost the country billions of ringgit annually.
“Having listened to the feedback and appeals of the people, the MADANI Government has agreed to implement these enhancements to ensure the smooth implementation of BUDI Diesel,” said Finance Minister II Datuk Seri Amir Hamzah Azizan.
