According to a report by The Malay Mail, the Malaysian government is still paying millions of ringgit every month for fuel subsidies. Tan Sri Mohd Irwan Serigar Abdullah, secretary-general of the Treasury, revealed this during a post-Budget 2018 dialogue.
“Although we went through (a change in) fuel price mechanism, the government still subsidises (fuel prices) sometimes. In certain periods if it goes up, we subsidise a bit,” Irwan said.
“We still subsidise a few hundred million (ringgit) a month, but I don’t know what will happen in the future. Formerly, we subsidised RM22 billion, after rationalising, around hundreds of million,” he added.
Prior to the complete removal of fuel subsidies in 2014 (beginning with RON 97), prime minister Datuk Seri Najib Tun Razak had stated the government spent RM29 billion to subsidise RON95, RON97 and diesel fuel in 2013.
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I thought the fuel subsidies were completely removed already?
This is like a yoyo Government. Government told us they have to raise GST cause fuel subsidies have been removed. So, we trusted what they said.
now they tell us, it is still being subsidised. So, why have GST and also raise prices like TNB etc? TNB also told us, electric have to go up cause no more fuel subsidy.
So….who is telling the truth?
Government subsidize us or we subsidize the government? Better take their statement with barrels of salt.
“…the government still subsidises (fuel prices) sometimes. In certain periods if it goes up, we subsidise a bit,” Irwan said.
Then if it goes down (which we now know is low oil prices), the rakyat subsidises the government!
Isn’t the government elected by the rakyat?
Rubbish talking they still thinking that they speaking with kampong pple so as soon as they said millions of dollars subsidy then pple clapping.liers all.if true show us proof
Fuel subsidies more benefit the Rich drive fuel guzzling SUVs, performance & sportscars
Dah… Why do you think its still RM2.20 per litre? Global market price is at least RM4 per litre.
You seem lack knowledge in business and economics so let me enlighten you.
1) Our cost is lower than other countries because of lower rent, lower labour cost, lower operating cost, and lower ringgit value (our cost is in ringgit, their cost is in USD, SGD, AUD, EURO)
2) Other countries are not oil producing countries so to make up for that they need to tax people on the petrol price.
3) The profit margin for the gas companies (other than petronas) and petrol station is actually very low because of government restrictions. (8cent and 12cent respectively)
So our petrol price is lower not because of subsidies, it is because we produce our own petrol, our cost is lower, and gas companies restricted from getting higher profit margin.
Does any1 think that sensible n wise man can issue this type of statement.if yes sure provide PROOF
……..and yet Malaysian people pay billion in tax
why why… all this crap and u can claim anything since it’s no transparency.
where is the promised fuel price formula that’s way way long over due.
Gov subsidies while we still paying high prices when the petrol price is low. Where does the money goes?
Where all these 22bilion savings and 44billion gst goes to?
According to world prices of oil and processed oil, Ron 95 should not be more than RM1.50 per litre.
It looks like the rakyat is subsidising the Government and not the other way round by paying RM2.20 pe rlitre.
Tell us the revenue of exported oil as compared to your subsidies.
tax payer is paying more!!!
lies every day. so this is to make us shiok?
just said no subsidy anymore n follow world price, now say subsidy again.
Yaya… our bodoh government always loss!
Harga minyak nak… kita bankrupt!
Harga Minyak turun…kita bankrupt!
Rakyat bayar minyak murah, government subsidy banyak!
Rakyat bayar minyak mahal, government subsidy banyak!
Which information is correct? Subsidies or no subsidies?
Previously said no subsidies and now subsidies. Stop playing joke drama and straight to the point please. We had enough with flip flop announcement.
Really? But you earn back when fuel price drop low.
Bila naik kenapa dipersalahkan kerajaan?
We choose them from the deepest of our heart,
But the statement came from them made us feel hurt.
Hearing the hundred millions figures makes us somewhat agree with subsidy abolishment. But the problem is, if the money not going into petrol subsidy, we did not know where it goes. Mega projects still borrow from China, etc. Thats why better spend into petrol subsidy. At least we know we spent it ourself instead it vanish in someones big pocket the wrong way
Rubbish… forever sub to the ppl then per claim by the govt. Senseless
Semua dio orang cakap. Dulu mula-mula kata subsidy boleh beban negara, so kita government akan discontinue subsidy, tapi duit yang subsidy tu akan jadi fund lain. Tapi sekarang cakap kita ada subsidy sikit. Ini case cepat announced sebab election akan datang, tapi untuk publish minyak formula kena tunggu lama. So semua orang cakap… cakap Manusia pun dia orang, cakap hantu pun dia orang.
so now they collect RM39 billion in GST (for 2016, should be higher for 2017) and save RM22 billion by removing oil subsidies. Where does the savings go to?
I also can say I subsidize gov with the current price. There’s no revealing how the calculation works. Lately Heng Yuan (formerly shell) and PetronM share price rose through the ceiling, reporting hundreds of millions in profit for just 3 months. I wonder how these refineries are earning tens/hundreds of millions in just 3 months. Imagine how much they made each year. If their corporate tax is 26%, then government is actually making money on petrol, not subsidize.
While subsidi across the board is no more, there is still gov subsidi for RON95 & diesel & NGV
Irwan
Now its time to reveal all the mechanism including the pricing
The problem is you people think you are smart but even a bloody pig know u people are not
Afterall you people have done, people no longer believe automatic to what you say. You are facing trust deficit you know what i mean?
If people got choice, irwan you wont be at where you are now
..and also not forget how much those oil industries/players pay to gov as tax..this must also take into account.
Is this the sign that this week oil price will be rise higher that before?
I hope they can cut some of the menteri salary to help government. Haha
where got subsidies. lagi ada tax ada lah
Tomorrow up 4sen… my neighborhood Petron close for today business. After up then reopen… Hahahaha…. smart move to survive. 1L extra 4sen…..