The government says that motorists in the bottom 40 (B40) low-income segment are likely to receive their targeted fuel subsidies directly through their bank accounts, Bernama reports.
According to domestic trade and consumer affairs minister Datuk Seri Saifuddin Nasution Ismail, such a move would simplify the disbursement process, as 90% of the cost of living allowance (BSH) recipients – who are also eligible for the targeted fuel subsidy – are having their BSH deposited into their bank accounts.
The remaining 10% of the BSH recipients, most of whom live in the interior, will be assisted in opening a bank account, Saifuddin Nasution told the Dewan Rakyat. He added that the government will utilise the BSH data on the B40 group to identify targeted fuel subsidy recipients.
He was replying to a supplementary question from Bera MP Datuk Seri Ismail Sabri Yaakob, who asked about the method of disbursing the fuel subsidy and whether a card or coupons will be used.
Saifuddin Nasution said the use of a card as a means of identifying recipients is also being looked into. He said the card will also be useful when the government considers a targeted subsidy for other consumer goods in the future.
He said that when the initiative begins, there will be no change to the price of petrol at the pump, but the B40 recipients will be then reimbursed by having their subsidy banked into their account.
He added that the finance ministry has finalised the selection of a vendor to develop the system for the subsidy programme. The plan to switch 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.
The government says that 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. The targeted fuel subsidy mechanism is expected to be ready by July.
Lel. No verification needed. The head of big families will benefit much from this.
RM1.50/L mana?
Enough of your fake names john. How many times must tell you, Tun already confirmed this is FAKE NEWS and was not in PH manifesto.
Of course I believe a Tun than a keyboard warrior like you
I also believed that 3rd National Car Project is not in their manifesto and yet they have sunken in RM20million into this blackhole project and out came a non-flying drone.
PH manifesto is not worth even the paper it is printed on when sold for recycling. There is just too much trash on the paper for any use.
3rd Natl Car Project more jobs for locals.
Toy drone making don’t require a lot of local manpower.
Bodoh
hahahahahahahaha…sepatutnya…bukankah…kalau dah beli petrol baru dapat subsidi…ini terbalik…beli atau tidak petrol…duit tetap dapat….
Anak sy umur 5thn dah qualify. Tunggu je duit masuk bank. kah kah kah!
Betui bro. Langsung tak nyesal undi Pakatan… zaman BN dapat Barang Naik jer memanjang. kah kah kah!
Dulu skim macam ni dipanggil dedak. Sekarang pulak apamacam? Dedak2.0? Gembiranye makan dedak2.0. Lagi lazat, lagi menyelerakan kan?
they are going to use the money to buy new handphones and later cry foul that the government is not helping the B40 group.
Ben, i love commenting to your comments cause you’re a funny lad. Back to the topic, they will only earn RM30/month. Buy topup can la, phone? Hahahaha. Do you even read it till finish? Too much smoke in your head cause lots of people already smoked your Civic FC on highways?
If B40 can own a.car which is more expensive than a phone , why not ? Thats the non logic of this subsidy in the first place
Gomen bagi kondem, kalo xbagi lg kuat kondem. Cukurrla ckit oii marhaen …
So in short only B40 will have fuel subsidy?
That is also if they can claim it efficiently, and the government doesn’t lose any money from such a non-nonsensical idea.
What will we be paying then? SGD2.28 for Ron 95 like Singapore ?
Previous Gov had done this before and they call it BR1M.=)
Good job. Thanks Gov for listening to the people
I’m one of the middle class M40, so how does this benefits me again?
It doesn’t & not designed to benefit you & me at all. Gomen loves to tax the M40. Expect to have less in your pocket at month end & be Syukur Msia Aman.
Those middle class like us wholly voted for PH and this is the thanks we get. Sigh.
Sorrylah but no more PH for me.
Good! Direct deposit is the better answer.
Good news y’all. RM30!
I love Malaysia. Thats why all these Bangladesh, Indonesian, Burmeses, etc coming over here. The government will tell all the citizens. It’s ok to be lazy, we will support you and give you money.
This is fuel subsidy…if the minister and the ppl involved in this project understand the term, this is not the way to do it. After all it’s still tax money from the ppl. we already have other scheme to distribute money to the low income group!!!
End of the day, if there is no one working mechanism for this, then just include this budget into keep the cap price of petrol lower. Don’t forget the non B40 group have done their part and pay taxes too. They are also Malaysians…
So, the t&c per article, but no mention that it is limited to either 1 car or 1 motorcycle only? yes, 1 vehicle per household.
All other vehicles pay market rate.
And the household gets RM30 per month only. Others have to pay full rate.
Looks like there will be uproar!
The pipu r getting restless. Things will xplode soon.
Right hand gives petrol subsidy, left hand introduces new taxes. Welcome to Malaysia Baru…
Robbing Peter to pay Paul while telling Parker he is getting the money, meanwhile all of them are in the same cartel.
If can buy a car or motorbike over taking public transport, why subsidy? Mat rampit will be happy.
B40, B40, B40, tak habis-habis dengan B40. What to others get? At least show some appreciation to people that pay for it aka taxpayers.
Headline says “Gov’t to bank in B40 fuel subsidy to motorists directly”
Article reads “The government says that motorists in the bottom 40 (B40) low-income segment are likely to receive their targeted fuel subsidies directly through their bank accounts”
Headline seems to confirm it but content says “likely”
Please don’t be the typical kind of media la guys…
Siap minyak naik mendadak seperti zaman Pak Lah.. Tahniah tgn2 yg mengundi.. Ini yang rakyat nak.. Kata Tun M
Nanti harga naik rm2.80/l seperti zaman pak Lah. Bagus kata kerajaan utk elak ketirisan di sempadan. Benda dah gagal, buat apa tiru lagi
Tiru Zaman pak Lah buat apa?