Gov’t to bank in B40 fuel subsidy to motorists directly

Gov’t to bank in B40 fuel subsidy to motorists directly

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.

Gov’t to bank in B40 fuel subsidy to motorists directly

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.

Gov’t to bank in B40 fuel subsidy to motorists directly

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.

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Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.

 

Comments

  • Bruno Mars on Apr 10, 2019 at 2:25 pm

    Lel. No verification needed. The head of big families will benefit much from this.

    Like or Dislike: Thumb up 11 Thumb down 1
    • RM1.50/L mana?

      Like or Dislike: Thumb up 27 Thumb down 4
      • YB Kunta Kinte on Apr 10, 2019 at 7:31 pm

        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

        Like or Dislike: Thumb up 15 Thumb down 21
        • Brian on Apr 10, 2019 at 10:44 pm

          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.

          Like or Dislike: Thumb up 27 Thumb down 3
          • Moktar on Apr 11, 2019 at 1:49 am

            3rd Natl Car Project more jobs for locals.

            Like or Dislike: Thumb up 9 Thumb down 9
          • Lets See on Apr 11, 2019 at 3:16 pm

            Toy drone making don’t require a lot of local manpower.

            Like or Dislike: Thumb up 3 Thumb down 0
      • Bodoh

        Like or Dislike: Thumb up 0 Thumb down 0
  • pengayuhbasikal on Apr 10, 2019 at 2:38 pm

    hahahahahahahaha…sepatutnya…bukankah…kalau dah beli petrol baru dapat subsidi…ini terbalik…beli atau tidak petrol…duit tetap dapat….

    Like or Dislike: Thumb up 27 Thumb down 1
    • vanzwan on Apr 10, 2019 at 5:19 pm

      Anak sy umur 5thn dah qualify. Tunggu je duit masuk bank. kah kah kah!

      Like or Dislike: Thumb up 12 Thumb down 0
      • Happy Voters on Apr 10, 2019 at 6:59 pm

        Betui bro. Langsung tak nyesal undi Pakatan… zaman BN dapat Barang Naik jer memanjang. kah kah kah!

        Like or Dislike: Thumb up 14 Thumb down 12
        • Kereta Murah on Apr 11, 2019 at 4:59 pm

          Dulu skim macam ni dipanggil dedak. Sekarang pulak apamacam? Dedak2.0? Gembiranye makan dedak2.0. Lagi lazat, lagi menyelerakan kan?

          Like or Dislike: Thumb up 3 Thumb down 0
  • Ben Yap on Apr 10, 2019 at 3:00 pm

    they are going to use the money to buy new handphones and later cry foul that the government is not helping the B40 group.

    Like or Dislike: Thumb up 19 Thumb down 10
    • Pyraxle on Apr 10, 2019 at 8:24 pm

      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?

      Like or Dislike: Thumb up 12 Thumb down 4
      • John doe on Apr 11, 2019 at 12:05 am

        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

        Like or Dislike: Thumb up 7 Thumb down 0
        • jinggo on Apr 11, 2019 at 12:20 pm

          Gomen bagi kondem, kalo xbagi lg kuat kondem. Cukurrla ckit oii marhaen …

          Like or Dislike: Thumb up 3 Thumb down 0
  • John Doe on Apr 10, 2019 at 3:12 pm

    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 ?

    Like or Dislike: Thumb up 17 Thumb down 1
  • Rantau Boy on Apr 10, 2019 at 3:19 pm

    Previous Gov had done this before and they call it BR1M.=)

    Well-loved. Like or Dislike: Thumb up 57 Thumb down 3
  • Good job. Thanks Gov for listening to the people

    Like or Dislike: Thumb up 18 Thumb down 19
  • Jeremy on Apr 10, 2019 at 3:59 pm

    I’m one of the middle class M40, so how does this benefits me again?

    Like or Dislike: Thumb up 29 Thumb down 3
    • Not Toyota Fan on Apr 11, 2019 at 12:14 pm

      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.

      Like or Dislike: Thumb up 0 Thumb down 0
      • P. Alyanna on Apr 11, 2019 at 3:18 pm

        Those middle class like us wholly voted for PH and this is the thanks we get. Sigh.

        Sorrylah but no more PH for me.

        Like or Dislike: Thumb up 2 Thumb down 1
  • johnnas on Apr 10, 2019 at 4:08 pm

    Good! Direct deposit is the better answer.

    Good news y’all. RM30!

    Like or Dislike: Thumb up 11 Thumb down 3
  • Leafable on Apr 10, 2019 at 5:19 pm

    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.

    Like or Dislike: Thumb up 4 Thumb down 7
  • dong gor on Apr 10, 2019 at 5:41 pm

    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…

    Like or Dislike: Thumb up 18 Thumb down 1
  • toyotafan on Apr 10, 2019 at 5:50 pm

    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!

    Like or Dislike: Thumb up 13 Thumb down 0
  • Gabriel on Apr 10, 2019 at 6:29 pm

    Right hand gives petrol subsidy, left hand introduces new taxes. Welcome to Malaysia Baru…

    Like or Dislike: Thumb up 24 Thumb down 0
    • Avenger on Apr 10, 2019 at 9:11 pm

      Robbing Peter to pay Paul while telling Parker he is getting the money, meanwhile all of them are in the same cartel.

      Like or Dislike: Thumb up 19 Thumb down 0
  • Mustafa on Apr 11, 2019 at 12:07 am

    If can buy a car or motorbike over taking public transport, why subsidy? Mat rampit will be happy.

    Like or Dislike: Thumb up 5 Thumb down 1
  • newme on Apr 11, 2019 at 8:52 am

    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.

    Like or Dislike: Thumb up 8 Thumb down 1
  • Mr. Octopus on Apr 11, 2019 at 9:29 am

    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…

    Like or Dislike: Thumb up 2 Thumb down 0
  • Daddykasi on Apr 11, 2019 at 11:29 am

    Siap minyak naik mendadak seperti zaman Pak Lah.. Tahniah tgn2 yg mengundi.. Ini yang rakyat nak.. Kata Tun M

    Like or Dislike: Thumb up 1 Thumb down 0
  • Daddykasi on Apr 11, 2019 at 11:40 am

    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

    Like or Dislike: Thumb up 1 Thumb down 0
  • Amran on Apr 11, 2019 at 11:48 am

    Tiru Zaman pak Lah buat apa?

    Like or Dislike: Thumb up 1 Thumb down 0
 

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