There’s still no word on when the targeted fuel subsidy for the lower income B40 group will be officially announced by the government, but the scheme is apparently in the final stages of preparation and will be revealed soon, Bernama reports.
According to domestic trade and consumer affairs (KPDNHEP) minister Datuk Seri Saifuddin Nasution Ismail, the subsidy plan is undergoing a fine tuning process, following which it will be tabled in Parliament and then announced.
“Although in terms of the timeline, it should have been announced in the first quarter of this year, it is now in the final phase,” he said. He explained that the phase involved much cross-checking of data to ensure only those truly eligible received the subsidy.
Last month, it was reported that the government had revised its approach as to how the subsidy will be offered. During Budget 2019, finance minister Lim Guan Eng had said that the government planned to subsidise owners of vehicles and motorcycles with engine capacities below 1,500cc and 125cc respectively a subsidy rate of 30 sen per litre for RON 95 petrol. This would be capped at 100 litres per owner of a vehicle and 40 litres for those with motorcycles.
Under the updated plan, the scheme will no longer utilise this method, and will instead switch to cash being directly given to lower income households already enlisted for the cost of living aid (BSH) scheme, similar to that being done for the current BSH programme.
Saifuddin said that the BSH referencing involved cross-checking data with a number of agencies, including the road transport department (JPJ), national registration department, inland revenue board as well as Bank Negara. He said that once the paper was completed, it will be tabled to the Cabinet and if approved, an announcement will be made for its implementation.
Presently, the government is subsiding RON 95 petrol for all users, capping the price of the fuel at RM2.08 a litre. According to official data from the government, Malaysians use about 1.2 billion litres of petrol monthly, with up to 90% of consumption being for RON 95. It was also previously reported that the price cap on RON 95 petrol will be lifted once the targeted fuel subsidy scheme comes into effect.
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“Last month, it was reported that the government had revised its approach as to how the subsidy will be offered. During Budget 2019, finance minister Lim Guan Eng had said that the government planned to subsidise owners of vehicles and motorcycles with engine capacities below 1,500cc and 125cc respectively a subsidy rate of 30 sen per litre for RON 95 petrol. This would be capped at 100 litres per owner of a vehicle and 40 litres for those with motorcycles.”
Subsidy rate: RM0.30
For owner of vehile: 100 ltr x RM0.30 = RM30.00
For motorcycle: 40 ltr x RM0.30 = RM12.00
For Rm12 saja, and they gave up Rm300 BR1M for that?! Gerenti will change government in GE15.
Giving targeted subsidy ala BR1M is the best way to go. It will go straight to intended person. Simple yet effective. No need to develop fancy & expensive system, cc based shit. It will end up making cronies rich yet wont benefit kampong folks who fill their tanks with soda bottle.
Kroni Didahulukan, Rakyat Diketepikan, Poket Kroni Diutamakan
BSH 28 Ogos nie …Syukur kerajaan prihatin
BSH sudah ditamatkan since end 2018. Didn’t you get the memo?
Stupid scheme. Lost trust in this government.
Lol! BR1M by any other name. Rebadging Government.
this is worst than rebadging
Fuel subsidies matters have been going on for donkey decades in Malaysia. No answers so far…
Today we are still plagued with “Delay after delay, studies, studies, studies,set up committee this and that”……while the poor continue to suffer and tightening the belt.
The poor need to feed mouths in their families, every cents count. They cannot wait for the Govt to go studies, fine tuning, or worst case U-turn at the end, etc.
Why the elected ppl dont seem to do their job well?
Are we really short of smart ppl??
Presently, the government is subsiding RON 95 petrol for all users….
Dear Government, please let me remind you that you are not subsiding only RON 95 but also Diesel Euro2 and Diesel Euro 5.
So what now you removed the subsidy for petrol and expect the public to purchase a Diesel powered car because it will still be subsidy for business purpose>>>
Ppl should get their ruler to stop all subsidies across the range of all fossil fuel. Starts implementing EURO5 EURO6 emission compliant fuel sold at gas station and restrict high polluting internal combustion engine.
Don’t ever think that the nation still has rainforest can provides fresh air can negates burning fossil fuel pollution. At certain period every year the air and atmosphere remains stagnant the best example is haze phenomenal contributed from Neighbour Nation.
In the short run, you may save money from using cheap but dirty fuel on your ride. In the long run, you will incurs heavy expenses and time consuming when you fall sick with incurable sickness caused by air pollution.
That is a different topic, but Government should give subsidised RON95 Euro6 petrol right now. That is what’s promised earlier.
Wait samore for fine-tuning of fuel subsidies……anak-anak at home probably mati kelaparan….
There isnt any urgency in the Govt, is there?? All relek2 and drink kopi, eat karipap, etc despite the needy and poor waited for donkey years to settle the subsidies problem. And this is still unsolved today!
Just keep at RM2.08 la… Everyone happy… No need keep check phone on Friday…