ePetrol

According to Deputy Finance Minister Datuk Chor Chee Heung, the new fuel subsidy management system will be implemented from May 2010 onwards, so I suggest everyone be prepared to restructure your household’s monthly budgets for a potential increase in fuel expenditure, especially if you are a middle income earner, a group that like its namesake are constantly squeezed around the world.

The system is currently being finetuned and studies on the subsidy distribution and target groups are currently still underway. The system’s exact mechanism will be announced after the study is completed and a decision has been made.

The PM had previously announce in his Budget 2010 speech that the system would use our MyKad identification card.