Full details on fleet card to be unveiled soon

Deputy Finance Minister Lim Hui Ying stated that Finance Minister II Datuk Seri Amir Hamzah Azizan will soon provide detailed information on the use of the fleet card.

“There is a limit in terms of litres, not amount (value), but I think we wait for Finance Minister II (Amir) to make the announcement. We are yet to fix that limit,” she said, reported Bernama.

According to the Finance Ministry, the fleet card issued under the Subsidised Diesel Control System (SKDS) for 33 types of public transport and goods vehicles imposes a limit based on the number of litres, not the total value.

She said this, following the inauguration of the 4th Malaysia Tax Policy Forum, organised by the International Strategy Institute (ISI), on Tuesday, June 11.

On June 9th, Finance Minister II Datuk Seri Amir Hamzah Azizan announced that starting from 10 June, diesel prices in Peninsular Malaysia will no longer receive subsidies and will instead fluctuate according to market rates.

As of now, all retail stations throughout the Peninsula are selling diesel at a fixed price of RM3.35 per litre.

The government’s diesel subsidy rationalisation has implemented varied pricing for eligible sectors. Logistics vehicles under SKDS 2.0 now adhere to a rate of RM2.15 per litre, while land public transport, encompassing school buses, express buses, ambulances, and fire engines, retains its SKDS 1.0 status at RM1.88 per litre. Fishermen continue to benefit from subsidized diesel, priced at RM1.65 per litre.

Addressing concerns from private diesel vehicle owners regarding the adequacy of the RM200 monthly cash subsidy provided by the Budi Madani initiative, Lim stated that studies and engagements supported the current amount.

She said that while the RM200 subsidy would remain unchanged for now, it would be subject to review based on received feedback for potential adjustments in the future.