Prime Minister Datuk Seri Najib Razak has confirmed in today’s Malaysia Budget 2015 announcement that RON 95, diesel and LPG will be exempted from the Goods and Services Tax (GST) that will come into effect in April 2015. This brings to a close various rumours on the matter over the past few months.
With this announcement, RON 95, diesel and LPG will stay at their current prices (RM2.30, RM2.20 and RM1.90 per litre/kg respectively), at least until the next fuel price revision. Not surprisingly, RON 97 was not mentioned, so it’s safe to assume that the premium unregulated fuel will be subjected to the 6% GST come April, effectively raising the price from RM2.75 to RM2.92.
As for the much-talked about subsidy rationalisation plan of petrol, diesel and LPG, Najib Razak mentioned that it will be implemented in stages, with the government mechanism to be officially announced “in the near future.” Last we heard, the subsidy rationalisation of diesel is expected in January, while the plan for petrol will follow at a later date.
On a side note, since the 1Malaysia People’s Aid (BR1M) rates have again been increased by between RM50 to RM300, will we see yet another fuel price hike soon? Tell us what you think of this in the comments below.
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noname
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kzm (Member)
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Where is the 30% Najib Promised us?
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More Sufferings on the Way
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Goh Jeng
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Same L0rrr
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drMpower
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Neutral
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Bluffkanasai
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hellhole
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Ron97
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Josh Ling
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Bataman
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M.K
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ben
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superbird #43
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abc
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explorer (Member)
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danz
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dream On
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Sam Loo (ori1)
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AI-generated Summary ✨
Comments mostly express frustration over the government's handling of fuel subsidies, GST implementation, and price hikes, with many critics doubting the promised exemptions and expecting increased costs soon. Several posters compare Malaysia's tax policies unfavorably to Singapore, criticizing the high overall tax burden. There is skepticism about subsidy rationalization, fearing future price increases and higher taxes such as GST on RON95 and RON97 fuels. Many feel that the government is not transparent or trustworthy, criticizing corruption, broken promises on car price reductions, and advocating for better public transportation and fair treatment for poorer Malaysians. The overall sentiment is one of disappointment, concern, and distrust towards government policies and economic management affecting the rakyat.