Diesel Subsidy Rationalization: What Changed?

On June 10, 2024, the Malaysian government implemented diesel subsidy restructuring in Peninsular Malaysia. The price increased from RM2.15 to RM3.35 per liter - a 55% jump that immediately impacted logistics operators’ operating costs.

The first week after rationalization showed a 30% reduction in total diesel sold, demonstrating the policy’s effectiveness in curbing smuggling and unauthorized use. However, legitimate logistics businesses faced higher operating expenses.

Price Impact Analysis

• RM1.20/liter increase adds significant costs per trip
• SKDS 2.0 available for eligible commercial vehicles
• Sabah, Sarawak, Labuan maintained at RM2.15/liter
• RON95 reform expected mid-2025 for top 15% earners

SKDS 2.0: Your Fleet Card for Subsidized Diesel

The Sistem Kad Diesel Subsidi (SKDS) 2.0 provides commercial logistics vehicles access to subsidized diesel at approved stations. This fleet card system helps legitimate operators manage fuel costs.

SKDS 2.0 Eligibility & Benefits

• Commercial logistics vehicles - Goods transportation operators
• Subsidized diesel access at approved stations nationwide
• Streamlined purchasing - Reduced administrative burden
• Cost control - Better fuel expense management

Action Item: Apply through KPDN with your commercial vehicle documentation including PG11A, VR 1, JPJ K1 form, vehicle weighing letter, and PUSPAKOM certificate.

Smart Lorry Financing for High Diesel Cost Environment

With higher fuel prices, preserving cash flow is more critical than ever. Ing Heng Credit offers lorry financing solutions designed for logistics operators facing rising costs:

            1

0% Down Payment

Preserve cash for diesel expenses and operations. No upfront payment means more working capital for fuel.

            2

24-48 Hour Approval

Fast financing when you need to continue operations. WhatsApp your documents for immediate processing.

            3

Up to 7 Years Tenure

Lower monthly payments help manage cash flow when operating costs rise.

            4

Rates from 2.88% p.a.

Competitive flat rates help maximize profitability despite higher diesel costs.

Required Documents for Lorry Financing

What You Need to Apply

• Company Registration (SSM) - Form 9 & 24/49
• Bank Statements - Latest 3 months
• IC Copy - MyKad of all directors
• Lorry Quotation - From dealer or seller
• JPJ & PUSPAKOM Documents - Valid vehicle documentation

Frequently Asked Questions

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Finance Your Lorry Today

• 24-48 hour approval
• 0% down payment available
• Rates from 2.88% p.a.
• Up to 7 years tenure

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Diesel Cost Management Tips

• Apply for SKDS 2.0 fleet cards
• Optimize route planning efficiency
• Consider fuel-efficient lorries
• Maintain vehicles for optimal mileage