Budi95: E-hailing Drivers, Boat Owners To Enjoy Subsidy Scheme From Oct 15

Starting October 15, full-time e-hailing drivers and registered boat owners will also be entitled to the Budi Madani RON95 (Budi95) fuel subsidy, the Ministry of Finance (MOF) confirmed today.

For e-hailing drivers, there’s no need to apply individually. Instead, applications will be managed in bulk through their respective e-hailing operators (EHO). 

In East Malaysia, registered boat owners will also be brought into the scheme without the need for a driving licence.

"The federal government is currently working with relevant state government agencies, such as the Sarawak Rivers Board and the Sabah Ports and Harbours Department, to identify registered boat owners," MOF said.

Each eligible Malaysian enjoys a subsidy of up to 300 litres of RON95 every month at the fixed price of RM1.99 per litre. The allocation refreshes automatically on the first of each month.

As of 6pm yesterday, purchases under the Budi95 scheme had reached RM84.2 million, involving 42.3 million litres of subsidised RON95. That translates into RM27.8 million in subsidies already channelled to reduce people’s living costs.

Since its phased rollout on September 27, more than three million Malaysians have benefited. 

To date, transactions under the programme total RM255.6 million, covering 128.4 million litres of petrol, with RM67 million in subsidies disbursed.

"The Madani Government remains committed to ensuring this targeted subsidy programme runs smoothly, transparently, and benefits the people directly

The MOF, along with related agencies, will continue to monitor the implementation of Budi95 and implement improvements from time to time," the ministry added.

Budi95 was initially introduced for 300,000 members of the Armed Forces and Royal Malaysia Police before expanding to over five million recipients of the Rahmah Cash Contribution (STR).

Altogether, around 16 million Malaysians aged 16 and above, with a MyKad and valid driving licence, are eligible for the subsidy capped at 300 litres of RON95 per month.