The targeted petrol subsidy scheme, which will be rolled out latest by next month, is currently in data collection stage, according to prime minister Tun Dr Mahathir Mohamad. “We are still collecting data,” the PM told the press after chairing the third Economic Action Council meeting in Putrajaya today, Malay Mail reported.
In March, domestic trade and consumer affairs minister Datuk Seri Saifuddin Nasution Ismail said that the targeted fuel subsidy scheme for the low-income (B40) group will be ready by July 2019, at the latest. Before that, the timeline of Q2 2019 was given.
“When the MoF (ministry of finance) has chosen the vendors, they will inform our ministry, enabling both ministries to work together to update the related issues. This is because we want to make sure the programme runs smoothly. The most important component is to ensure that the list of beneficiaries is reliable,” the KPDNHEP minister said then.
“The list is being prepared by 17 agencies, not only the Inland Revenue Board, the Registration Department and the Road Transport Department, but also other agencies as well. We want to do a crosscheck to ensure that the recipients are really qualified and we need a bit more time for that,” he added.
In April, Saifuddin said that planning for the scheme was in the final stages, and that all related matters had been finalised, except for the recipient data, which was in the process of being updated. It’s likely that pump prices would be the same for everyone, but the B40 group will get the subsidies via cash transfer into their bank accounts.
The plan to move from the current blanket fuel subsidy to targeted subsidies for the B40 group was announced by finance minister Lim Guan Eng in Budget 2019. The originally mooted plan was to offer subsidy of 30 sen per litre up to 100 litres a month, for cars with engines below 1.5 litres. 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.
A sum of RM2 billion has been allocated for the 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.
The Malay Mail points out that the issue of petrol subsidies is often a politically-charged one. The previous Barisan Nasional government had tried to gradually remove subsidies, only to reinstate it following public backlash over the increased cost of living. Putrajaya spent RM4.9 billion on fuel subsidies alone from January to November 2018. Experts including economists and rating agencies have warned that petrol subsidies are unsustainable in the long run.
Currently, the RON 95 petrol price is being capped at RM2.08 per litre, while RON 97 is sold for RM2.63 per litre. Like the mass market petrol grade, diesel is also at its maximum capped price of RM2.18 per litre.
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This can be done through JPJ. All cars below 1.5l for Potong and Perutdua (exclude VW, Geli, Awdi) and all bikes 2 cars automatically disqualified. Use road tax sticker with QR code for validation, or Mykad. Don’t complain, if you can afford RM100k loans for 2 cars, you can afford RM800-1000 a month for petrol. 100 l limit means a subsidy of just RM30 a month. But that’s what the people want, right. So give it. When you see a BMW 1 series or Mini owner trying to pour subsidised fuel, take a picture and publish online, shame them.
Peminjam yang tidak mampu membayar balik PTPTN , konpom layak subsidi RON95. Senarai gagal membayar balik , PTPTN boleh kasi anytime…
So you mean the middle class must work harder to subsidize the living standards of the B40? On top of having our wages cut to pay income taxes? If the monthly subsidy is just RM30, so alang2 one. Might as well just remove the subsidy for everyone just like last time. Save the government effort and money to hire a 3rd party vendor to manage all this.
since G want to SPENT to the cronies, i mean vendor..lol..its LPPL for sure.
just do a tax rebate and close case, submit the car plate number and verified by JPJ at LHDN level. Easy, and safe tons of wastage to do this collect data la, that shit la..
Yes, middle class need to work harder.
Similar to this chinese proverb –> “When elephant fight with elephant, the grass will suffer”.
In Malaysia Baru, T20 and M40 must work harder to subsidize the B40.
bossku, 1Mdb profit oredi subsidize the B40.
Most of you guys don’t qualify for this anyways. You alls bukan B40 group.
Just Syukur Msia Aman.
How to check qualification?
Bile renew Road tax kat Pos ofis that time, kakak kat kaunter bole tolak terus dr paymen. My Honda CRV awd 1498cc, road tax Rm120 je
Syukur Msia Aman. Just Syukur Zakir..
Lucky all my Malaysian family and friends havin good caring govt. in USA where i now reside, we gotta submit Food stamps application our own. Then sit through and complete a lengthy eligibility interview with US govt people. Malaysia is a great nation indeed
Your English is terrible you must residing in Ulu Selangor Area.
That why a lot of people abuse it. I disagree with the subsidies being drag so long. If they want to remove/reduce it, then do the same with the tax on cars. It should balance the market and might improve public transport as when the fuel is expensive people will think twice to use their own transport and will try to maximize public transport if the overall cost is lower.
Just fufill “Hari ini kita menang, esok harga minyak turun ke Rm1.50/L!!!!”
itu 2013 la. bukan PRU14. bangang macam siput. bagi link PH janji myk turun utk PRU14
Harga kereta sudah turun 30%. Janji ditepati …
Kalau PT bagi saya upload, dah lama saya bagi link2 semua. Video pun ada sama. Pentaksub buta memang tak boleh dirawat.
manifesto PH utk PRU14 ialah menstabilkan harga minyak dan subsidi pada golongan sasar. harga petrol mmg dah stabil rm2.08. coming soon is the additional subsidies for the B40 group.
mana ada janji turun rm1.50. itu cerita lama. masa tu world price brent usd40-45 per barrel. sekarang usd 70-80 per barrel. go google. bodoh tu pekat sangat
Google is ur friend bro. Don’t be lazy.
take your time to collect data, Tun. for the time being just remain status quo for the pricing.
why can’t B40 take grab/taxi or bus/train everyday to save money , why they still want to spent money and loan for motor and cars?
This petrol pricing will sure make 2/3 of middle income society vote PH out in GE15. Those who are just above the B40 group and are not under high income group status. Currently, the govt is subsidising this huge group & feeling the burden. So I’m sure this huge group will return the favour to the govt in GE15.
seriously, many rakyat dont mind to pay the fuel price, but the high car price, and the project wastage! (flying car obviously!)
On the contrary majority do mind paying the high fuel prices. It was the main reason why they change the government but as evidenced, nothing has changed except the government’s promises to the people.
Just go back to the 1500cc below without turbo registered car instead of direct bank in to B40 who might not own a vehicle at all. By renewing our roadtax, we should receive another card which can be swiped at the petrol station for subsidy price and monthly quota stored in the chip.
don’t discriminate small capacity with turbo. how about those drive perodua with L2 turbo engines? they aren’t rich and they got the engine used too.
Why make it soooooo difficult? Just fulfill your promises during GE14 lah! Give us the cheap petrol NOW!
Learn to work hard. Don’t rely on bantuan and tongkat all your life lolz. If you go to other countries the government doesn’t pamper them
Don’t be a hypocrite talking nonsense. This was promised to the people, any other government that breaks their promise would long been booted out or their leaders forced out (see: Theresa May). If they can’t honour it, DON’T MAKE THAT PROMISE!!! Even if PH don’t win, at least they keep their honour, now even that has went to dumps, what else can they be trusted.
That’s the thing. PH didnt make any promises about RM1:50 fuel. that was PR’s promise from PRU13.
I definitely do not support PH, on the contrary i sometimes get triggered with their stupid policies. But i prefer janji ditepati over a few racist politicians. lolol
In manifesto no. But in ceramah yes. They promises petrol rm1.50/l
Racist? See the records of the big man at the top now. His ‘history’ shadows all of the others by a mile long and more.
I agree with the above poster, PH reiterated that promise during GE14. So they must make good on that promise and not hem & haw for another 1 year.
Flying cars & 3rd national cars was also not in the Manifesto but we are now forced to bear this burden of national car project once more. The Manifesto isn’t worth the recycled value of the paper it is printed on.
enlighten me that those whom can afford to buy a car, but not the fuel, and there are public transport to the real poor…
Many bought cars only thinking about ability to pay the installments. They rarely taken into account maintenance costs. That’s why many ‘sangkut’ when it’s time to renew insurance and road tax.
transfer the subsidy money direct to back account same like brim, just continue the old system la like this…
As above
The prolonged implementation proves that the current government do not have an actual solution for a better system for redistribution of wealth. Redistribution of wealth is done by every country and it is proven that GST is most effective.
The PH instills the word “Handout” in everyone’s mind, but this is wrong because every country redistributes wealth, this is the core to a functional government. There will always be a B40 Group, you cannot eliminate it. A government which cannot redistribute wealth / provide handout are only those in poverty.
Even HK does it, just google and get educated about it.