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SKDS Subsidised Diesel Control System 2.0 – subsidy refund applications open July 1, says finance ministry

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The Malaysian government will begin accepting applications for subsidy refunds for recipients of the subsidised diesel control system 2.0 (SKDS 2.0) from July 1, the ministry of finance has announced. The SKDS 2.0 subsidy facility …

The SKDS 2.0 subsidy facility is offered exclusively to owners of eligible logistics vehicles, whose applications have been approved under the SKDS 2.0 scheme but who have yet to receive their fleet cards for the diesel subsidy., and those successful will be reimbursed for the difference in pricing between the current floated price of RM3.35 per litre, and the subsidised SKDS 2.0 rate of RM2.

Applications for fleet cards must be submitted to participating fuel station operating companies by 15 July 2024.The refund is subject to the ceiling volume of diesel fuel consumed per claim submission, with each submission covering one month’s expenses.The ministry of finance will reimburse successful claim submissions within 15 working days.

Finance minister II Datuk Seri Amir Hamzah was quoted as saying that the refund mechanism aims to assist eligible logistics businesses in line with the targeted diesel subsidy mechanism, thus minimising the risk of inducing price increases for essential goods.

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