Domestic trade and cost of living minister Armizan Mohd Ali said a proposal to review the rate has been submitted to the finance ministry, following engagement sessions with petroleum companies and petrol station associations.

“The finance ministry has committed that, as an initial step, the priority is a review of the APM rate. The implementation of the subsidised diesel control system took considerable time.

“We are aiming to execute the subsidised petrol control scheme as soon as possible, ideally within a month of the targeted subsidy’s launch,” he told the media after presenting fleet cards at a petrol station here today.

Armizan said the government is satisfied with the close cooperation of oil companies and petrol station operators in ensuring the smooth implementation of the BUDI95 programme, adding that some minor issues were resolved promptly.

“The government previously committed to reviewing the APM rate and addressing other long-standing industry concerns,” he said.

He said the review is crucial as it directly responds to persistent appeals for operational costs and profit margins to be factored into the mechanism.

Separately, Armizan said his ministry will take stern action against public transport companies that instruct their employees to use their MyKad to purchase subsidised fuel at RM1.99 per litre.

“The RM1.99 price is intended for individual citizens. Companies should not exploit this system, as they already receive a subsidised rate of RM2.05, which is already significantly below the market price,” he said.

Recently, allegations that a company had instructed its employees to use their MyKad to purchase fuel under the BUDI95 scheme surfaced on social media.

According to widely circulated messages, employees were reportedly instructed to use their individual monthly fuel quotas for company-related travel, and even allegedly advised to use their family members’ MyKads once their personal 300-litre quota was exhausted.