Applications for refunds under SKDS 2.0 to begin on July 1, says Finance Ministry

PUTRAJAYA: The government will begin accepting applications for refunds from recipients of the Subsidised Diesel Control System 2.0 on July 1, according to the Finance Ministry

Eligible applicants can apply for the refund through the Budi Madani portal at https://budimadani.gov.my and successful claimants would be reimbursed for the difference between the current diesel fuel price of RM3.35 per litre and the SKDS 2.0 price of RM2.15 per litre, for diesel consumed since 10 June 2024, up to a maximum litre per month.1. Owners of eligible logistics vehicles must have their SKDS 2.

7. This interim refund mechanism is intended to cover additional expenditures commencing 10 June 2024 until the fleet card is received or for a maximum of two months, whichever is earlier. "The targeted diesel subsidy scheme aims to address leakages and ensure assistance goes to those intended. This will enhance the management and efficiency of public finances as we strive to propel the nation's prosperity as envisioned in the Madani Economy framework,” he said.

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