Good news for those in East Malaysia – the way you buy your fuel and how much you pay for it will likely remain the same after the 1st of May 2010, while West Malaysians will have to adapt to a new and likely more expensive price structure.
According to Domestic Trade and Co-operatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob in an interview with The Star, there are many people who have to use 4WD vehicles with large engines in East Malaysia because of the terrain so the new fuel pricing mechanism will only come into place later.
From the interview, the matter of factoring in engine capacity in subsidy entitlement considerations sounds like a done deal, with the only thing left to be decided is what is the threshold of engine capacity before you go up a ‘price bracket’. The Minister also revealed that each person who owns a car will only get a subsidy (both in terms of price and litre quantity sense) for one car only, so if you are a parent and have a few cars in your household under your name for each of your kids you may want to start transferring the ownership to the actual user of the car.
Interestingly, the Minister also revealed that the government has no plans to touch the diesel subsidy for the moment. But he did say that the ‘market price’ for our Euro 2M diesel right now is RM2.09 per litre. If you’re shopping in the premium executive car segment, it might be a good idea to go for either the 320d, the 520d and the 730Ld now depending on how deep your pockets are.
For the rest of us who can only afford (relatively) everyday joe cars, there’s a new Ford Focus TDCi coming very soon so that might be a good idea as well.
Read the full interview: Still in dark over system