Malaysia retail growth slows to 2.5pc in Q2, but Budi95 and other subsidies sustain household demand

The quarterly report, published by Retail Group Malaysia (RGM) based on a survey of members from the Malaysia Retailers Association (MRA) and Malaysia Retail Chain Association (MRCA), noted that targeted fuel assistance has played a crucial role in stabilising operational overheads.

In particular, the Budi Diesel scheme, rolled out on July 1, has assisted small and medium enterprises (SMEs) by allowing eligible motorists to purchase subsidised B10 diesel at RM2.10 per litre, significantly lower than the market pump price of roughly RM4.72 per litre recorded in late August.

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