Selangor Journal
People visit the Inland Revenue Board to apply for the Budi Madani diesel subsidy initiative, in Bangi, on June 11, 2024. — Picture by BERNAMA

Refund bids under SKDS 2.0 to be accepted from July 1 — MOF

PUTRAJAYA, June 28 — The government will begin accepting applications for refunds from recipients of the Subsidised Diesel Control System (SKDS) 2.0 on July 1, said the Finance Ministry (MOF).

This facility is available exclusively to owners of eligible logistics vehicles whose applications have been approved under SKDS 2.0 but have not yet received their fleet cards.

Those eligible can apply for a refund through the Budi Madani portal and successful claimants will be reimbursed for the difference between the current diesel fuel price of RM3.35 per litre and the SKDS 2.0 price of RM2.15 per litre, for diesel consumed since June 10, up to a maximum per month.

The terms and conditions for the interim refund mechanism are:

  1. Owners of eligible logistics vehicles must have their SKDS 2.0 application approved by the Domestic Trade and Cost of Living Ministry by June 30, and have not yet received their fleet cards.
  2. Applications for fleet cards must be submitted to participating fuel station operators by July 15.
  3. Claim submissions will be accepted from July 1 onwards.
  4. The refund litre ceiling of diesel consumed is per claim submission, with each submission covering one month’s expenses.
  5. Diesel purchase receipts must be retained for audit purposes.
  6. The MOF will reimburse successful claims within 15 working days.
  7. This interim refund mechanism is intended to cover additional expenditures commencing June 10 until the fleet card is received, or for a maximum of two months, whichever earlier.

Finance Minister II Datuk Seri Amir Hamzah was quoted as saying the refund mechanism is to assist logistics businesses in line with the targeted diesel subsidy, minimising the risk of price hikes for essential goods.

“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.

The minister said it is important to reiterate the government is committed to ensuring those eligible for assistance can access the benefits of such aid, and the smooth implementation of the targeted diesel subsidy scheme.

“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 urged owners of the 23 types of eligible commercial logistics vehicles to apply for SKDS 2.0 promptly to prevent the escalation of transport costs. Eligible logistics business operators can apply for the facility at SKDS 2.0.

— Bernama

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