The new targeted fuel subsidy mechanism that is supposed to be implemented in Q2 2019 is yet to be finalised by the government. This was said by deputy domestic trade and consumer affairs minister Chong Chieng Jen today in parliament, reported by The Star.
“At the moment, no final decision has been made on the mechanism. The finance ministry (MoF) has called for an open tender for parties interested to propose the best mechanism for the implementation of the targeted subsidy,” he said in reply to a question by Jempol MP Datuk Salim Sharif.
The deputy minister said earlier that the government wanted to ensure that only those eligible would benefit from the programme, and that his ministry was working closely with the MoF to ensure that the petrol subsidy would not be abused. “The subsidy system must be simple to use and can be used by all petrol stations throughout the country,” he added.
The plan to move from blanket fuel subsidy to targeted subsidies for the B40 group was announced by finance minister Lim Guan Eng in Budget 2019. The mooted plan was to offer subsidy of 30 sen per litre up to 100 litres a month, for cars with engines below 1,500cc. Motorcycles with engines below 125cc will get 40 litres of RON 95 a month at the same rate. Owners of multiple and “luxury cars” will not be eligible, although the definition of the latter wasn’t determined.
RM2 billion has been allocated for this new initiative, which is expected to benefit more than four million car owners and 2.6 million motorcycle owners. As for those who won’t be eligible, the government has said that it will ensure that the increase in RON 95 petrol prices will be gradual, once the price is floated.
“Let’s say on the first day of implementation, the difference (between controlled and market prices) is 30 sen (per litre). We don’t want that. Even though the price must go up by 30 sen, it should be gradually over a set period – say six to eight months,” domestic trade and consumer affairs minister Datuk Seri Saifuddin Nasution Ismail was previously quoted as saying.
Currently, the RON 95 petrol price is being capped at RM2.08 per litre, while RON 97 is sold for RM2.46 per litre. Diesel is also at its maximum capped price of RM2.18 per litre.
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talk only ah
This system won’t work because Malaysian families are huge. 1 person will be using the ICs of his father, mother, atuk and nenek.
Some families got also 6 siblings. One person can use all the 6 ICs to get fuel subsidy.
Many Malaysians like to cheat.
Semua dapat, whats wrong if the subsidy is for Malaysian? I say thats good.
Many unscrupulous smart working individuals caught misused the MyRapid concession cards. Those nabbed using student concession cards, OKU, senior citizen concession cards and even faking disability. Their common cheating excuses mainly ‘borrowed’ the cards from member and saudara
Talk first. Make it big. Then deliberate. Then study and study and study. Finally…. UTURN!
Same bro.. I can feel they will make u turn..
Good but confusing
B40 will be subsidised, others just follow market rate, good luck m40, T20 is ok, coz they always creative can enjoy to pump with b40 price
M40 hurt the most.
The M40 have voted for this right?
No need la … fuel same as water and electricity, Gov should subsidies. Car price already high. Just make sure the fuel for Malaysian only!.
give me the contract then i will give u the system next week.
partial subsidies for M40
full subsidies for B40
no subsidies for T20 and expatriats
thats one
full subsidies for 1.5cc and below
partial subsidies for 2.0cc t0 1.6cc
no subsidies for 2.1 cc and above
thats two
filling petrol need mykad
expats ofkos no mykad then pay no subsidies prices
whos handling this, give me a call right now
ROTFL Why you only subsidised hobby toy nitro r/c car? 1.5cc 2.1cc too small engine!
I don’t see how this proposal can be implemented smoothly. Sure there will be loopholes and people will take advantage over it.
actually it’s very easy, just keep the receipt and submit for tax relief, if a person is fall under B40 sure he can get back the money easily and by this way, government can collect more money from those who never declare tax before.
Why want to make thing complicated? For those who entitle for it, just waive the yearly road tax ( max only RM 90 a year per car ) plus some rebate to their car yearly insurance.
If RM 30 to be subsidised monthly, total is RM 360 per year.
So just rebate RM 270 to their car insurance ( after minus RM 90 for road tax).
Let the insurance company claim from G. Then Rakyat don’t have to claim from G. Rakyat still renew road tax n buy insurance as usual but pay lesser.
Kan senang.
I still think method during Pak Lah time easiest. All pump market price. then depend on income group yo apply for rebate during renewing roadtax.
Less effort and administrative cost, less enforcement require too.
Bila nasi dah jadi bubur, sudah terlambat.
Haiyaaa.. simple maa..
Use rebate systen lah…
Allocate certain limit, say RM300 per person..
Buy fuel, Use your MYKAD, then end of the month, the rebate will be bank-in into your bank account.. IF you use your atuk’s MYKAD, then your atuk got the rebate money lah..
we will be seeing alot of b40 people standing beside petrol station offering to help you pump petrol with some commission.
so 1 car charge rm10…imagine if 50 cars a day..hmmm…not bad
Sure kelam kabut once started.
As above.
I bet more studies will come……and amount to nothing. Janji capati with kuah dahl. haha
meeting, meeting, study, study, by expert this, expert that etc….while makan karipap and drink teh tarik…..
why fuel subsidiary for those who effort to buy cars?
might as well goes to those provide free public transport, discount public transport price instead.
the mat rampit, illegal business trucks, lorries all benefited for this so call subsidiary
Keep receipt today after 12 month the printing on the receipt all gone.. Show tax office receipt with no printing
I bet they will mak u turn move..