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.
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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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.
Better go Akpk now before is too late. Bankrap
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/
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.
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.
Agree on the statement ‘stupid idea in the first place’
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.
Best news in decade. No more wasting fuel or neighbour cheap fuel run. Big up for EV!
Never assume or Think that the economic stimulus-packages during COVID-19 was a “free lunch”
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.
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.
Syukur Minyak Murah kat Msia
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.
If you own 3 Harleys of course you are definitely more richer than someone owning 2 Kancils.
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.
Who buy 3 kapchai for personal use?
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 ;)