PUTRAJAYA: The Finance Ministry has said that the government will start accepting refund applications from beneficiaries of the (Subsidised Diesel Control System) SKDS 2.0 from July 1.
This option is only available to eligible logistics vehicle owners whose applications have been approved under SKDS 2.0 but have not received their fleet cards yet.
How To Apply For A Refund?
Eligible applicants can apply for a refund via the Budi Madani portal at https://budimadani.gov.my. Successful applicants will receive a refund of the difference between the current diesel price of RM3.35 per litre and the SKDS 2.0 price of RM2.15 per litre for diesel consumed since June 10, 2024, up to a maximum amount of litre per month.
SKDS 2.0 Refunds: Terms & Conditions
- The conditions of the interim refund mechanism are as follows:
- Eligible logistics vehicle owners must have their SKDS 2.0 application approved by the Ministry of Domestic Trade and Cost of Living by June 30, 2024 and must not have yet received their fleet cards.
- Fleet card applications must be submitted to participating fuel station operators by July 15, 2024.
- Applications will be accepted starting July 1, 2024.
- The maximum reimbursement limit for litres of diesel consumed per request, each request covering one month of expenses.
- The receipts of the diesel purchase must be retained for verification purposes.
- The Finance Ministry will refund successful applications within 15 business days.
- This interim reimbursement mechanism is intended to cover additional expenses from June 10, 2024 until receipt of the fleet card or for a maximum period of two months, whichever occurs first.
Supporting Logistics: Minimising Price Risks
Finance Minister II Datuk Seri Amir Hamzah was quoted as saying the reimbursement mechanism aims to support eligible logistics companies in line with the diesel-specific subsidy mechanism, thereby minimising the risk of essential goods price rise.
ALSO READ: Budi Madani Initiative- 100,000 Applications For Cash Subsidies On Diesel Approved So Far
“The targeted diesel subsidy scheme aims to address leakages and ensure assistance goes to those intended. This will enhance the management and efficiency of public finances as we strive to propel the nation’s prosperity as envisioned in the Madani Economy framework,” he said.
Government Commitment and Call to Action
The minister reiterated that the government is committed to ensuring that those eligible for support can benefit from this assistance and that the implementation of the targeted diesel subsidy scheme goes smoothly.
“We are prepared to make any necessary adjustments and improvements to facilitate the nation’s transition to the targeted subsidy initiative,” he added.
The government urges owners of the 23 types of eligible commercial logistics vehicles to immediately apply for SKDS 2.0 to avoid an increase in transportation costs. Eligible logistics companies can apply for SKDS 2.0 at https://mysubsidi.kpdn.gov.my.
FOLLOW US ON X: CLICK HERE