The petrol subsidy programme (PSP) for individuals in the M40 category will be open for registration in the second quarter of 2020, according to domestic trade and consumer affairs minister Datuk Seri Saifuddin Nasution Ismail.
In a report by Bernama, the minister said that his ministry (KPDNHEP) and the finance ministry are currently looking for a suitable method – either by card or cash – to dispense the subsidies to those in the M40 group who were eligible for the subsidies.
“The data for the recipients has been completed and the two ministries are currently discussing on the method of distribution. The government is looking for a seamless integration where consumers will not feel any difference when purchasing petrol once the PSP is implemented,” said Saifuddin Nasution.
“In conducting the study for B40, KPDNHEP felt that paying cash would be more efficient as compared with other methods, so the deferment of the PSP has enabled both ministries to come to the same decision,” he added.
During the tabling of Budget 2020, the government announced that it would extend the coverage of the PSP to include those in the middle income M40 group, with the issuance of a “Kad95” for those with household incomes of below RM4,000 but are not eligible for living aid (BSH) assistance.
For now, it is unknown when the PSP will come into effect following KPDNHEP’s decision to delay its implementation in late December 2019. As such, the public will continue to pay for petrol following prices set by the current system, where RON 95 is fixed at RM2.08 per litre, while the price of RON 97 is floated (currently at RM2.62 per litre).
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Fully expecting yet another U Turn just before 2nd Quarter 2020.
household income below RM4K a month is too low. it’s like both spouses earn an average of RM2K a month. at that rate, they can hardly pay for their car loans and most likely will default in the monthly house rental. The subsidy couldn’t help them much.
Kan dah kata Manifesto sebenar kita; Penipuan diutamakan, janji dicapati. he he he he…
How many any car drivers out there are having a household income of RM4k and below???? If you guys have no sincerity, better don’t give because at the end of the day…not many will benefit and you will still lose the election as prices of everything will go up and wipe out your pathetic subsidy!!!!
This is going to get messy…! PH Govt should just admit they are in the wrong… and their ideas are convoluted to implement.
BN Govt’s formula is better, straight forward and easy. No more fuel subsidies. Profit from fuel sales go back to B40 thru BR1M.
Even after floating the fuel prices, it is still one of the cheapest in the region… thus we need not monitor foreign cars topping up with local fuel any more. Real solutions should be simple.
But simple means no money for crony and proxy. How to afford drugs and GRO for YB and special officers?
The free breakfast for school going children got cancelled. This petrol subsidy for M40 will definitely cancel as well. Manifesto is not a holy book, so why do they want to fullfill their pledge during budget?
Janji dicapati. I’m still waiting for free toll that they promised.
Alternative, I prefer cheaper electric Car or non-ICE transport. This is the future. For the last 30 years, nothing was done. Only a lot of promised.
Sure boh? Don’t be like this rich guy later. Rich but poket koyak replacing the batteries.
https://paultan.org/2019/03/13/mercedes-benz-malaysia-hybrid-battery-extended-warranty-rm2688-for-additional-4-year-coverage/
Coming soon………”U-Turn The Sequel”