KUALA LUMPUR, May 15 – Transport Minister Anthony Loke said Malaysia’s diesel subsidy bill has surged to RM2.5 billion monthly due to ongoing tensions in West Asia affecting global fuel supply.
Speaking at the Malaysia Commercial Vehicle Expo 2026, he said the government hopes to encourage a gradual transition to electric trucks through incentives.
While also exploring telematics adoption to improve road safety and fleet monitoring. Loke also confirmed that the current Budi95 fuel subsidy mechanism will remain unchanged for now.
Dismissing concerns over immediate cuts affecting higher-income groups. He said the government remains focused on maintaining a simple and targeted subsidy system.
While ensuring supply stability and continued support for essential industries and commercial transport sectors.
