The petrol subsidy programme (PSP) is ready to be implemented by the domestic trade and consumer affairs ministry (KPDNHEP), but it is waiting for the green light from the cabinet, The Star reports.
According to KPDNHEP minister Datuk Seri Saifuddin Nasution Ismail, the finance ministry is currently finding the best way to register the M40 group (middle 40% income), which is also eligible for petrol subsidy along with the B40. He said that the two ministries had their first meeting on the matter in the first week of 2020.
“On our part, we have managed to identify 2.9 million recipients from the bottom 40% population (B40). If you look into the Budget 2020 announcement, the finance minister allocated RM2.4 billion for the PSP and we are targeting eight million people to benefit from the programme. We are still fine-tuning the delivery mechanism and will come up with a better communication plan for the people to understand the PSP,” he said.
However Saifuddin did not share any timelines when he spoke to reporters at the 2020 Malaysia Economic and Strategic Outlook Forum event in KL today.
Earlier this month, Saifuddin was quoted as saying that M40 PSP registration will start in the second quarter. “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,” he said then.
“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.
The PSP was originally planned to start in January 2020, but at the end of last year the government announced that it will be deferred to a later, unspecified date. According to KPDNHEP, the move will allow for more initiatives to be undertaken to ensure the public were well informed and prepared for the programme’s implementation.
Additionally, the deferment gives the finance ministry time to continue the registration process of those in M40 group who are eligible for the PSP, it was said then.
So, for now Malaysians will continue pay the fixed RM2.08 per litre for RON 95, while the floated RON 97 is currently priced at RM2.53 per litre.
So far, confirmed details of the PSP scheme are:
- 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.
- Only those who are entitled for cost of living aid (BSH) assistance, with their names listed in the BSH database for receiving such allowances, will be able to receive the new petrol subsidy. All handicapped people will also be given the subsidy.
- 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
Looking to sell your car? Sell it with Carro.
Syukur gomen prihatin … keepidap DS Saifuddin
Why wait? Just give it lar you bunch of useless idiots!
PH Govt’s approach is SO convoluted. Admit that BN’s formula is better. No more subsidised fuel. Float the according to market prices. Give back profits thru BR1M direct to the B40s.
Solutions should be simple and elegant.
True that bro. BN’s better. BN jaga the rich us…
Ahh another Veyron owner. It was good that BN was also fair to us rich but at the same time they cared for the poor. Well done BN! Everyone from Poor to rich should vote bck BN!
Why always the majority need help? Work hard and not rely on the Government pls. Come to bandar, learn to work hard.
Because the majority bandar people are the ones demanding for help? Well obviously.
U-turn in 5, 4, 3,…..
Takperlu buat subsidi bersasar bagai laa. bagi je semua rakyat msia merasa.. org kaya pun rakyat msia juga.. jgn la nk bekira sgt.. roadtax yg diorang bayar pon dh lebih dari subsidi gomen bagi.. kancil roadtax rm20.. ferrari roadtax rm8000 pakai jalan yang sama..
Well said….
Confirm this is next u turn after new CKD excise duty..
U turn, u turn, u turn, u turn, u turn, u turn, u turn…
A simple problem with a complicated solution.
Tahniah PH.
When they make it complicated, it is so for them to cancel it later and not give it at all. This is PH way of ‘servicing to the rakyat’.
Subsidi sudah potong apa lagi kereta/motor tak payah la tax mahal2…no need the extra funds utk finance the subsidy Maaaa!!!
Masa SEMBANG macam angin taufan.
Masa BUAT lembab macam taufu.