Fuel
Malaysians With Singapore Licences Can Reapply for Local Driving Permits from Oct 16
Malaysians with Singapore licences can reapply for local permits via a new JPJ portal linked to the Budi95 subsidy scheme.
Category: Fuel
Business News
Top 10 Nations Burning Trillions of Dollars on Fuel Subsidies For The Benefit of Their Citizens
Major fuel subsidies primarily originate from countries like China, the US, and Russia, impacting global energy affordability while posing environmental concerns.
Brent
Oil & Gas Sector Mixed in 2QFY25; Brent Weakens, Gas Gains
Oil and gas sector posts mixed 2QFY25; weaker Brent prices offset by stronger gas, storage, and LNG demand.
Cars
Govt Allocates RM11 Billion for BUDI95, Projects Up to RM4 Billion Annual Savings
MOF says RM11 billion allocated for BUDI95 subsidy, with savings redirected to targeted aid like STR and SARA.
Fuel
Amir Hamzah: 300L RON95 Quota Enough, MyKad Key to Targeted Subsidy
Amir Hamzah says 300L monthly RON95 quota sufficient for most users, with p-hailing appeals allowed; MyKad central to subsidy access.
Fuel
Anwar: BUDI95 Ensures Targeted RON95 Subsidy Benefits Malaysians
Malaysia will implement a targeted petrol subsidy system, BUDI MADANI RON95, decreasing petrol prices for citizens starting September 30, 2025.
Business News
RON95 Fuel Set at RM1.99 on Sept 30
RON95 drops to RM1.99 Sept 30; police, military earlier. Subsidy via MyKad, TNG cards sparks concerns over glitches, fairness.
Fuel
RON95 Targeted Subsidy Will Have Multiple Payment Options While MyKad Security Concerns Raised
Malaysians will soon access RON95 petrol subsidies through various methods, easing the process and reducing security risks.
Fuel
Malaysia Oil & Gas Sector Faces Tepid Outlook as Upstream Earnings Weaken
Malaysia’s oil and gas sector shows declining profits and a tepid outlook, with expectations of weaker upstream earnings through FY26.
Fuel
RON95 Fuel Reform: Political Survival vs Fiscal Prudence, Warns Analyst
Malaysia’s RON95 petrol subsidy reforms may prioritize political survival over fiscal savings, risking financial objectives amidst upcoming elections, warns analyst Amalina Anuar.
Energy
Govt to Roll Out Targeted RON95 Subsidies by End-2025 Using MyKad
The government will implement targeted RON95 petrol subsidies by 2025, using MyKad for eligibility verification based on income and wealth.
Energy
Petronas H1 Net Profit Falls 19% on Lower Oil Prices, Rising Costs
Petronas reported a 19% profit drop in H1 2025, facing challenges from low oil prices, rising costs, and foreign exchange losses.
Fuel
Malaysia to Cap Fuel Subsidy Quotas as Ringgit Gains, Tech Sector Advances
The Malaysian government plans a capped fuel subsidy quota for eligible individuals, while SkyeChip introduces the country's first edge AI processor.
Energy
OPEC Projects Global Oil Demand Surge to 123 Million Barrels per Day by 2050 Amid Economic and Policy Shifts
OPEC's World Oil Outlook 2025 predicts global oil demand will rise significantly by 2050, driven by population growth and non-OECD economic development.
Fuel
Three Killed, Toddler Injured in Central Java Oil Well Explosion
Explosion at community-run oil well in Central Java kills three, injures two including toddler, destroys homes, and forces mass evacuation.
Fuel
Azalina: Petronas’s Sarawak Oil & Gas Rights Secure Under PDA 1974
Azalina Othman Said confirmed Petronas's rights to Malaysia's oil and gas under the Petroleum Development Act 1974, addressing Sarawak's claims.