Photo by Suhaimi Yusuf/The Edge

KUALA LUMPUR (June 4): Luxury diesel vehicles that are 10 years and older will be considered for the Budi Madani subsidy assistance programme, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

For this purpose, he said the Ministry of Finance (MOF) will issue the list of vehicles that are classified as luxury under the Budi Madani programme soon.

“Even though classified as luxury vehicles, if these vehicles are ‘sick’ after more than 10 years, they may be considered [for subsidies],” he said when met by reporters at the International Social Wellbeing Conference 2024 here on Tuesday.

The MOF opened the registration of Budi Madani on May 28, following the implementation of targeted diesel subsidies in the country.

Amir Hamzah also said that the announcement on whether the diesel price will be floated will be made at an appropriate time.

"Give us time, because we don't want speculations that will cause 'hoarding' activities or misappropriation of diesel," he added.