KUALA LUMPUR: RON95 fuel subsidies for the fourth quarter (Q4) of 2024 amounted to RM3 billion, before declining to RM1.8 billion in Q4 2025, according to the finance ministry.
The ministry said this resulted in savings of around RM1.2 billion following the implementation of targeted subsidies through the BUDI95 initiative, as well as the decline in oil market prices.
“These savings were achieved due to the reduction of subsidy leakages, including purchases by non-citizens and smuggling activities.
