PUTRAJAYA, June 22 - The government will continue to monitor the West Asia conflict and its impact on global oil prices before adjusting the BUDI Madani RON95 (BUDI95) monthly quota, currently at 200 litres.
Finance Minister II Datuk Seri Amir Hamzah Azizan said that for now, it is too early for the government to restore the quota to 300 litres given that Putrajaya needs time to assess the recent ceasefire’s effectiveness and its impact on the oil market.
“This will take 60 days for them (the United States and Iran) to continue discussing, so we have to wait and see if this can last and the overall implications,” he said in a press conference here today, adding that what’s important is that the government strives to ensure the people are protected.
Amir Hamzah explained that almost 80 per cent of BUDI95 recipients use less than 200 litres every month.
“We also advise those who can to reduce (petrol consumption). That is why there are efforts such as working from home to reduce the use of petrol, and we also recommend prudent use so that we can reduce the pressure,” he said.
On June 18, Prime Minister Datuk Seri Anwar Ibrahim said he hoped the peace deal between the US and Iran would end the conflict and ensure peace in West Asia.
Anwar expressed confidence in the positive turn in negotiations, although a final agreement between the two countries must be reached within 60 days.
International media previously reported that US President Donald Trump and Iranian President Masoud Pezeshkian signed a preliminary 14-point agreement to end the conflict between the two countries.
