Malaysia

More than 14.6 million Malaysians benefit from targeted RON95 subsidy scheme - Finance Minister II

BUDI95 processes 3.1 million daily transactions seamlessly as government weighs extending MyKad verification to cooking oil price controls

Updated 7 months ago · Published on 12 Feb 2026 1:35PM

More than 14.6 million Malaysians benefit from targeted RON95 subsidy scheme - Finance Minister II
Minister says the system has been operating smoothly, processing an average of 3.1 million transactions daily without disruption - February 12, 2026

MORE than 14.6 million Malaysians have benefited from subsidised RON95 petrol under the Budi MADANI RON95 (BUDI95) programme as of 11 February 2026, underscoring what the government describes as a successful shift towards targeted subsidy reform.

Finance Minister II Datuk Seri Amir Hamzah Azizan said the system has been operating smoothly, processing an average of 3.1 million transactions daily without disruption.

“Through BUDI95, the people enjoy RON95 at the rate of RM1.99 per litre directly at the pump without any new registration or complicated process.

“The use of MyKad as a mechanism to verify eligibility in targeted subsidies has proven effective and practical,” he said during Ministers’ Question Time in the Dewan Rakyat today.

He was responding to a supplementary question from Jimmy Puah Wee Tse (PH–Tebrau) regarding fiscal reforms that have been successfully implemented, such as BUDI95, and whether the government plans to replicate the mechanism for other controlled items including cooking oil and sugar.

Amir Hamzah said identity-based verification tied to citizenship has also helped curb leakages to non-citizens, strengthening the integrity of the subsidy framework.

Looking ahead, he said the government, through the Ministry of Domestic Trade and Cost of Living, is studying the use of MyKad for the Cooking Oil Price Stabilisation Scheme (COSS).

Further refinements are under way to expand the existing MyKad-based ecosystem, including integration with the Sumbangan Asas Rahmah (SARA) system, in order to enhance identity verification and monitoring of subsidised cooking oil sales.

The move signals Putrajaya’s broader intention to entrench digital identity verification at the heart of its subsidy rationalisation efforts while containing costs and tightening controls on leakages. - February 12, 2026

Spotlight

Malaysia

Bersatu-PAS cooperation ends, Muhyiddin says, as PN rift deepens

Malaysia

Calls grow for arrest of Nadzaruddin, Exco, for treason

Malaysia

Loke offers to resign as Transport Minister following Pardons Board decision

Malaysia

UMNO’s fundraiser for Najib draws sharp criticism on social media

Malaysia

Home Ministry yet to receive formal order on Najib house arrest

By Alfian Z.M. Tahir

Malaysia

PH Melaka, Bersatu in talks for wider election pact

You may be interested

Malaysia

Calls grow for arrest of Nadzaruddin, Exco, for treason

Malaysia

21 air monitoring stations record unhealthy readings

Malaysia

Job losses rise 29% to 68,177 as Malaysia labour market faces sectoral pressure

Malaysia

Five students held over alleged hostel assault of form two students in Rompin

Malaysia

Loke to complete China visit before handling transport minister resignation - MOT

Malaysia

Three motorcyclists killed, nine injured in 15-vehicle crash in Ipoh

Malaysia

Najib’s legal team says frozen assets affect RM50m pardon condition

Malaysia

2006 policy may force tuition centres to possess 30% Bumi equity