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Malaysia's BUDI MADANI Diesel targeted subsidy programme is successfully limiting fuel smuggling by imposing purchase quotas and raising costs for criminal syndicates exploiting price gaps with neighbouring countries.
Nearly 68 per cent of companies benefiting from Malaysia's expanded diesel subsidy scheme are located in Sabah, Sarawak and Labuan, representing over 10,000 businesses, the Domestic Trade Ministry says.
Small companies and local contractors nationwide will receive 300 litres of subsidised diesel monthly through fleet cards under Malaysia's new targeted subsidy programme launched July 1 in Sabah, Sarawak, and Labuan.
Sabah is collaborating with the Finance Ministry to strengthen the targeted diesel subsidy scheme after its recent rollout exposed operational gaps. A federal-state meeting scheduled for July 17 will address stakeholder concerns.