Those who attended the World Congress on Information Technology 2008 (WCIT 2008) this week may have spotted this display by ePetrol Sdn Bhd. The ePetrol petrol kiosk is basically a way to pay for your petrol via the MyKad.
You first link your MyKad to your bank account (I assume it can be linked to a credit card as well if needed), then you use your MyKad to pay for petrol at the petrol station. The cash will be deducted from the bank account associated with your MyKad account.
The ePetrol team demonstrated a way that fuel subsidies could be controlled and given to Malaysians only. Basically, the petrol kiosk displays and charges the unsubsidised market price for petrol by default. When an ePetrol-enabled MyKad is inserted, the subsidised price will be available. The receipt shows both the unsubsidised price and the subsidy given.
This is one of the possible implementations that could change the way we fill up our tanks in the future.
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AI-generated Summary ✨
Comments discuss the ePetrol system's potential benefits and concerns, emphasizing that it aims to control fuel subsidies, especially for foreigners, using MyKad and advanced verification methods like fingerprint scans. Many believe the system can help reduce misuse, target subsidies more effectively, and promote fairer distribution to Malaysians, but some warn about implementation costs, complexity, and potential loopholes such as theft, abuse, and invalid usage by the poor in rural areas. Critics also note that it might not fully prevent foreign abuse or illicit resale, and highlight that simpler solutions like lowering car taxes and unsubsidized fuel, or direct cash transfers, could be more effective. Overall, there's cautious optimism about the idea, but apprehension about its practicality, costs, and possible misuse persist. Sentiments range from supportive to skeptical regarding the system's feasibility and transparency.