Tag: FOMCA

Maintaining BUDI95 Fuel Quota for E-Hailing Drivers Seen as Key to Cost Stability

KUALA LUMPUR, March 26 — The decision to retain the Budi MADANI RON95 (BUDI95) fuel quota of up to 800 litres per month for e-hailing drivers and gig workers has been welcomed as a timely measure to help stabilise operating costs amid global uncertainties. Malaysian e-Hailing Coalition (GEM) Chief Activist Masrizal Mahidin said the move would not only ease financial pressures on drivers but could also boost demand for e-hailing services, particularly following the temporary adjustment to BUDI95 eligibility set to take effect next month. He noted that the revised quota for general eligibility — reduced from 300 litres to 200 litres per month starting April 1, 2026 — may encourage more urban commuters to opt for e-hailing services instead of using private vehicles, potentially increasing drivers’ income opportunities. Earlier, Prime Minister Datuk Seri Anwar Ibrahim announced the adjustment in response to the ongoing conflict in West Asia, while maintaining the subsidised fuel price under the BUDI95 initiative at RM1.99 per litre to cushion the impact on the public. Masrizal stressed that while maintaining the higher quota for e-hailing drivers offers immediate relief, long-term strategies are needed to address rising fuel costs driven by global oil price volatility. Among the proposals highlighted were incentives to accelerate the adoption of electric vehicles (EVs), along with improved infrastructure, social protection measures, insurance coverage, emergency funds and skills training to strengthen the resilience of gig workers. Meanwhile, Federation of Malaysian Consumers Associations (FOMCA) Chief Executive Officer Dr T. Saravanan said the decision reflects the government’s awareness of the challenges faced by those whose livelihoods depend heavily on fuel usage. He added that maintaining the 800-litre quota is crucial in ensuring market stability, while preventing misuse or excessive purchases that could disrupt fuel supply. Saravanan also called on consumers to remain patient and understand the necessity of the temporary quota adjustment, describing it as a prudent step towards safeguarding energy security, ensuring stable supply and promoting responsible fuel management.

KUALA LUMPUR — The decision to retain the Budi MADANI RON95 (BUDI95) fuel quota of up to 800 litres per month for e-hailing drivers and gig workers has been welcomed as a timely measure to help stabilise operating costs amid global uncertainties. Malaysian e-Hailing Coalition (GEM) Chief Activist Masrizal Mahidin said the move would not […]

West Asia Conflict: Stable Supply Of Essential Goods; Avoid Panic Buying

KUALA LUMPUR — The domestic economy and supply of essential goods in the country remain very stable and are not facing any significant impact following the escalating conflict in West Asia. In relation to this, consumers and the public are advised to remain calm and not enter into panic buying but instead manage their spending more […]