Gov’t cancels the B40/M40 petrol subsidy programme

Gov’t cancels the B40/M40 petrol subsidy programme

The petrol subsidy programme (PSP), which was supposed to have begun this January but was deferred to a later date, will not see the light of day, the Malay Mail reports. According to domestic trade and consumer affairs (KPDHNEP) deputy minister Datuk Rosol Wahid, the government says it will not be implementing the targeted fuel subsidy scheme for RON 95 petrol.

Speaking in Parliament, Rosol said the government decided on this after considering the price difference of fuel between the peninsular and East Malaysia, among other factors. “The decision was made on July 9 in a meeting between the ministry and the finance ministry due to several reasons,” he said.

The programme was announced last year by the previous Pakatan Harapan government. The scheme, revealed during the tabling of Budget 2019 by ex-finance minister Lim Guan Eng, was to see eligible B40 recipients – includes those who are entitled for cost of living aid (BSH) assistance – being given a fixed subsidy rate of RM30 a month for car owners, and RM12 for motorcycle owners.

Gov’t cancels the B40/M40 petrol subsidy programme

The subsidy was scheduled to be disbursed once every four months, with car owners receiving RM120 and motorcycle owners receiving RM48 in each payment. The payment method was to see cash being directly credited into the recipient’s registered bank account. The first payment was originally scheduled to be made in April.

It was also planned that the existing price cap of RM2.08 per litre for RON 95 would be removed once the PSP came into effect, with the fuel then being floated as RON 97 is. The programme, which had a RM2.4 billion allocation, was meant to provide direct assistance to eight million individuals from the B40 and M40 household groups.

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Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.

 

Comments

  • KitaJagaKita on Jul 29, 2020 at 1:00 pm

    petrol cost is not a burden for us now.
    as long as keep closed to RM1.50/Liter.

    subsidies that much wont help us for Job Opportunities lost.

    M40, B40 and even T20 are dying for job/business opportunities right now.

    Like or Dislike: Thumb up 26 Thumb down 4
    • Better go Akpk now before is too late. Bankrap

      Like or Dislike: Thumb up 6 Thumb down 3
      • No problem. Loan moratorium extended another 3 more months. Syukurrrr….
        https://paultan.org/2020/07/29/loan-moratorium-extended-by-3-months-for-jobless-reduced-monthly-instalments-for-those-with-pay-cuts/

        Like or Dislike: Thumb up 4 Thumb down 1
    • YB Albert on Jul 29, 2020 at 5:19 pm

      Makes more sense to reduce car taxes.Rakyat saddled with neverending hire purchase bondage loans.An average malaysian through out his lifetime has 4-6 hire purchase loans until he retires.
      You start work in your twenties and just pay off your last instalment before celebrating your 61 st birthday.
      Just loans,loans,loans…used car prices also will come down if car duties for new cars are reduced.

      Like or Dislike: Thumb up 9 Thumb down 1
  • Rakyat Malaysia on Jul 29, 2020 at 1:03 pm

    With petrol so cheap, no point with the program riddled with problems, loopholes, and inconsistencies. It was a stupid idea in the first place, with BR1M/BSH targeted subsidies to the B40 more holistic and reachable to those in need.

    Like or Dislike: Thumb up 38 Thumb down 2
    • Mang kok on Jul 29, 2020 at 4:10 pm

      Agree on the statement ‘stupid idea in the first place’

      Like or Dislike: Thumb up 16 Thumb down 5
  • Gabriel on Jul 29, 2020 at 1:25 pm

    I agree to scrap that program. It makes no sense to do it. Just a political tool to gain political mileage by the previous gov.

    Like or Dislike: Thumb up 41 Thumb down 5
  • Leafable on Jul 29, 2020 at 1:44 pm

    Best news in decade. No more wasting fuel or neighbour cheap fuel run. Big up for EV!

    Like or Dislike: Thumb up 15 Thumb down 3
  • C.P. MOHAN on Jul 29, 2020 at 2:29 pm

    Never assume or Think that the economic stimulus-packages during COVID-19 was a “free lunch”

    Like or Dislike: Thumb up 6 Thumb down 11
    • Neither should you assume Rm30 a month is stimulus enough that will magically lighten your burden. As above said, it was a political tool, an ineffective one at that.

      Like or Dislike: Thumb up 21 Thumb down 5
    • Isobel Chin on Jul 29, 2020 at 4:39 pm

      Nobody sane thought that way. There is no amount of money that could mitigate 2 months of lockdown and the many job losses, not here not anywhere in the world. Yet the government has to take some actions to jumpstart the economy and the stimulus package plan are most needed.

      Like or Dislike: Thumb up 11 Thumb down 0
  • Not Toyota Fan on Jul 29, 2020 at 2:34 pm

    Syukur Minyak Murah kat Msia

    Like or Dislike: Thumb up 7 Thumb down 2
  • Ben Yap on Jul 29, 2020 at 2:54 pm

    those has 3 motorcycle and 1 car should be poorer than those that own 2 cars and 1 motorcycle? unfortunately the ones owning 3 motorcycles seems richer than those owning 2 cars as they are not eligible for the subsidy.

    Like or Dislike: Thumb up 3 Thumb down 6
    • If you own 3 Harleys of course you are definitely more richer than someone owning 2 Kancils.

      Like or Dislike: Thumb up 16 Thumb down 0
      • Yes… that is how badly thought out this half-baked subsidy programme. There are too many variables and what-ifs to clearly define who gets the subsidy based on their mode of transport. ie A GRAB driver who has a car would not be richer than another person with HD or Motorrad motorcycle.

        Like or Dislike: Thumb up 7 Thumb down 0
    • Who buy 3 kapchai for personal use?

      Like or Dislike: Thumb up 2 Thumb down 2
  • Ah Chong on Jul 30, 2020 at 10:29 am

    I don’t agree with subsidising petrol. Subsidy encourage waste, and petrol increases pollution.

    If the government wants to spend money to help the rakyat, spend on improving public transport instead.

    It’s a win win situation in long term: those who want cheap transport gets public transport, those who is willing to pay to drive gets less car on the road, and those who jog at roadside gets cleaner air.

    And those selfish person who just want all the benefit without sacrifice will get punished. So yeah, win for everyone ;)

    Like or Dislike: Thumb up 6 Thumb down 1
 

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