Before today, those who are not in the Bantuan Sara Hidup (BSH) net assumed that they will not be eligible for any form of fuel subsidy when Peninsular Malaysia fuel prices are floated gradually in January 2020. However, there was some good news announced by finance minister Lim Guan Eng this afternoon.
Now, there will be another category for the petrol subsidy programme (PSP). A “Kad95” fuel subsidy card for those whose household income are below RM4,000, but are not eligible for BSH for various reasons. Ownership of a Kad 95 will enable one to enjoy fuel subsidy of 30 sen per litre, limited to 100 litres per month for cars and 40 litres per month for motorcycles.
Max this out and you’ll reach a cap of RM30 for cars and RM12 per month for motorcycles, which is the same amount BSH recipients get, although the latter group gets the amount banked in automatically to their accounts every four months (first payment in April 2020).
The Kad95 system will be implemented progressively in the first quarter of 2020, Lim said. More details, such as how to obtain the card, would surely be announced closer to next year. To recap, here are the main points of the PSP:
- The subsidy will only be given to car/motorcycle owners, and is limited to one vehicle per recipient. If a person owns a car and a motorbike, then he/she will receive the higher subsidy, which is for the car. The car or motorcycle must be registered under the recipient’s name.
- The subsidy rate will be capped at RM30 a month for car owners, and RM12 a month for motorcycle owners.
- The government will reimburse the subsidy once every four months, so car owners will receive RM120 and motorcycle owners will receive RM48 every four months. The payment method will see cash being directly credited into the recipient’s registered bank account. The first payment is scheduled for April 2020.
- The household income of the recipient must not be more than RM4,000 per month.
- To qualify, a recipient can only own a maximum of two cars and two motorcycles at any one time in his/her household. See the info-graphic panel above for a clearer picture of what vehicle combination qualifies and what doesn’t.
- For cars, the pre-requisite is that the engine displacement must be:
– 1,600 cc or below
– or above 1,600 cc, but only for cars that are 10 years old and above
- For motorcycles, the pre-requisite is that the engine displacement must be:
– 150 cc and below
– or above 150 cc, but only for motorcycles that are seven years old and above
For the rest of us not covered by the PSP, fuel prices will floated next year, gradually, so be prepared. Based on the finance ministry’s Automatic Price Mechanism (APM) calculations, RON 95 petrol would be priced at RM2.37 per litre for the coming week without the current RM2.08 price cap in place.
Looking to sell your car? Sell it with Carro.
I can sense that people will find loophole and abuse it.
Somethings never change.
Malaysia Baru only help the poor pipu, what bout the rich? maruah
ini tokong manyak pemurah.. ini mcm rakyat suka.
Not bad
Horsepower based Road Tax is sufficient to compensate the poors.
They are in discussing. Kad95 maybe removed due to difficult to monitor and required high maintenance cost and more income leakage.
Renault Zoe EV 65 kW (87 hp) = RM56 Road Tax.
Nissan Leaf EV 110kW (147hp) = RM 374 Road Tax
Tesla S70 235 kW (315 hp) = RM3,319 Road Tax
Proton Saga 1.3L 97hp (72kW) = RM 72 Road Tax.
Perodua Aruz 1.5L 104hp (77kW) = RM 72 Road Tax
Toyota Camry 2.5L 171hp (127kW) = RM 564 Road Tax
Benz R Class 3.0L 231hp(172kW) = RM 1,464 Road Tax
Benz C 200 1.5Turbo 181 hp (134kW) = RM 704 Road Tax, not RM90!
Toyota 1.2L Turbo 114 hp (84kW) = RM185.60, not RM55!
They considered people who can afford >80kW belongs to M40 already. But studies also ongoing sub140hp to be capped at RM200.
喜欢
Should give all taxi & buses subsidy also
So only those who declare gross income to LHDN as below RM4k per month get this card correct? So retirees with no income will not benefit?
define household income please?
every working person stays in same house, so combined their income is that particular household income?
What is this
I like to hear Bantuan Sara Hidup.Im single Mom 3 kids .Never get Bantuan Sara Hidup.
Oh mai.. Undi PH, raykat senang
May I know the source of this info i.e. Kad95 are only eligible for household earning below RM4k? Doesn’t seem to appear in the budget.
Gaji RM5000 – 6,000 ADALAH CONSIDER ORANG KAYA DI MALAYSIA. Apa pun bantuan kerajaan mesti tak eligible punya.
Get ready for domino effect…
I no money so live with my parents, household income combined more than 4k won’t eligible? My name got 1 car but household more than 2 car how? Household meaning that address right, so if 3 car registered 1 address also cannot lorh
3 car per household too many. must sell off 1car
fuel will be floated to rM2.6 by next year. you can buy around 11.5 liters with RM30.
typical commute is between 40-60 km. with the typical MyVi that everyone likes to drive, you’ll get the efficiency of ~13 km / liter
with subsidy of RM30 / month, you’ll get (11.5 * 13) = 150km of government sponsored ride. that’s only 4 to 2 days of commute.
does this actually have any quality of life impact ? i doubt it. does this make the government good in the eyes of the voters? me, personally no, but time will tell about that.
with the amount of money they wanted to spend on buying up highways and offering toll discount, they should spend on improving public transport (which is also a part of their manifesto) and actually have an impact on quality of life.
No worries. We will have PH trooper trolls coming here to proclaim how grateful they are that petrol is ‘cheaper’ and quality of life is ‘first world now’.
RM30? What crap.
RM360 per annum,what a load of crap.You think we are beggars,PH?Even beggars earn morethan
4 figures.
Why not reduce sky high excise duties and road tax?
Banks are laughing all the time,cos of inflated prices of cars…9 to 10 years of bondage loans.
It is the high bank interest for hire purchsse that is doing the damage.
When the price of oil is USD 80 a barrel….what is rm30 a month?
Back in 2015, Najib proclaimed Malaysia on track to becoming high-income nation by 2020.
or we Rakyat got cheated…. again ?
Rm30 a month but with 2% inflation meant a typical family expense would incur double as cost. Well done pakatan! You’ve finally showed us you dunno how to count!
Half a week of petroleum subsidy.what an insult.But got mobey for protiga n flying car n other mega projects.
What about diesel pickup owner? 2500cc but older than 10 years. Do I qualify.