Malaysia

Diesel subsidy refunds under SKDS 2.0 to begin on July 1, says Finance Ministry

The Finance ministry will reimburse successful claim submissions within 15 working days.

Updated 1 year ago · Published on 28 Jun 2024 4:39PM

Diesel subsidy refunds under SKDS 2.0 to begin on July 1, says Finance Ministry
The government will accept applications for refunds from participants in the subsidised diesel control system (SKDS) on July 1, according to the finance ministry. – The Vibes file pic, June 28, 2024.

THE government will accept applications for refunds from participants in the subsidised diesel control system (SKDS) on July 1, according to the finance ministry.

This facility is available exclusively to owners of eligible logistics vehicles whose applications have been approved under SKDS 2.0 but have not yet received their fleet cards.

Eligible applicants can apply for the refund through the Budi Madani portal at https://budimadani.gov.my and successful claimants would be reimbursed for the difference between the current diesel fuel price of RM3.35 per litre and the SKDS 2.0 price of RM2.15 per litre, for diesel consumed since 10 June 2024, up to a maximum litre per month.

The finance ministry will reimburse successful claim submissions within 15 working days.

The terms and conditions for the refund mechanism are:

The terms and conditions for the interim refund mechanism are:

1. Owners of eligible logistics vehicles must have their SKDS 2.0 application approved by the Domestic Trade and Cost of Living Ministry by June 30, 2024, and have not yet received their fleet cards.

2. Applications for fleet cards must be submitted to participating fuel station operating companies by July 15, 2024.

3. Claim submissions will be accepted from July 1, 2024 onwards.

4. The refund litre ceiling of diesel fuel consumed per claim submission, with each submission covering one month's expenses.

5. Diesel purchase receipts must be retained for audit purposes.

6. The Finance Ministry will reimburse successful claim submissions within 15 working days.

7. This interim refund mechanism is intended to cover additional expenditures commencing 10 June 2024 until the fleet card is received or for a maximum of two months, whichever is earlier. – June 28, 2024.

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