KUALA LUMPUR, Oct 28 — The total fuel subsidy savings for this year will be finalised by year-end, taking into account actual transaction adjustments, weekly market prices, currency exchange rates, and verified consumption volumes.

Finance Minister II Datuk Seri Amir Hamzah Azizan said that from a fiscal perspective, the implementation of BUDI95 is expected to generate total savings of between RM2.5 billion and RM4 billion annually.

“The savings are the result of the comprehensive implementation of targeted subsidies, which includes reducing leakage, such as benefits reaching non-citizens and ineligible consumer categories, as well as curbing expenditures that do not align with the government’s social protection objectives.