00:01Treasury Secretary-General Johan Mahmoud Merikan has categorically denied online rumours
00:06suggesting that the government was looking to reduce the Budi 95 fuel subsidy quota.
00:11The government has never said, nor have I said, that we will be reducing the quota or eligibility limit
00:17from 300 litres to 200 litres.
00:20Johan insisted that the quota set during the scheme's recent rollout
00:24was carried out after careful analysis of consumption patterns.
00:27As he said, it was intended to meet the genuine personal needs of Malaysians while preventing abuse.
00:32Statistically, when the government was trying to choose the level of the eligibility limit,
00:39the average consumption is only about 80 litres a month.
00:43Of course, the problem is that if you put eligibility limit at 80 litres,
00:46then you're only keeping half the population happy because it's the average.
00:51If you even bring it up to 180 litres, you already cover 0.195 cents.
00:57In fact, at 300 litres, it's estimated that we're covering 99.3%.
01:03And so that gives the comfort that at that level, it should be sufficient for almost everyone.
01:11According to Johan, fewer than 0.1% of registered motorists have exceeded the monthly cap to date,
01:18proving that the current quota meets the needs of almost all Malaysians.
01:22He said it also helps to prevent smuggling and commercial misuse,
01:26while also recognising the unique needs of lower to middle income groups,
01:30who are often required to take longer commutes to work.
01:33So we wanted to ensure, again, that 300 litres was sufficient for them.
01:37So certainly, there's no plans to reduce that 300 to 200 being considered at this time.
01:45Under Budi95, Malaysian citizens aged 16 and above who possess a valid driving licence
01:51can purchase up to 300 litres of RON95 petrol per month at the subsidised price of £1.99 per litre.
01:58Any additional fuel purchased beyond this quota will be charged at the market rate.
02:03Imran Arif, FMT
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