The government has kicked off its fuel subsidy rationalisation programme with the announcement that diesel prices in Peninsular Malaysia will be floated, and will retail at RM3.35 per litre starting from midnight on June 10 (Monday).
This means that from tomorrow, the price of Euro 5 B10 and B20 diesel in the peninsula will cost RM1.20 (or 56%) more than the current capped price of RM2.15, which has been in place since February 2021. While not mentioned in the press statement, the price of Euro 5 B7 – which presently costs 20 sen per litre more – should be adjusted to RM3.55 per litre.
According to finance minister II Datuk Seri Amir Hamzah Azizan, the new retail price of the fuel is based on the automatic pricing mechanism (APM) formula for the month of May. He added that under the targeted diesel subsidy implementation, the government has set diesel fuel prices for eligible sectors as follows:
- Subsidised Diesel Control System (SKDS) 2.0, which provides fleet cards to eligible logistics vehicles to mitigate the impact of the diesel price on consumer goods prices, is set at RM2.15 per litre.
- Subsidised Diesel Control System (SKDS) 1.0 for land public transport, including school buses, express buses, ambulances and fire engines remains at RM1.88 per litre.
- Subsidised diesel for fishermen is maintained at RM1.65 per litre.
The price float for diesel follows on the announcement made by prime minister Datuk Seri Anwar Ibrahim on May 21 that the government was set to implement targeted fuel subsidies, starting with diesel in the peninsula, with that for Sabah and Sarawak to be set aside until later. For now, diesel remains priced at RM2.15 in Sabah, Sarawak and Labuan.
The removal of the blanket subsidy for diesel will see targeted subsidies being dispensed via the Budi Madani assistance programme. Announced on May 27, the programme is open to private owners of diesel-powered vehicles as well as agriculture smallholders in Peninsular Malaysia, with eligible recipients in both categories set to receive a RM200 monthly sum in financial assistance.
It is worth noting that the RM200 aid will cover the first 167 litres of diesel. If you use any more than that per month, your fuel spend goes up. For a typical diesel pick-up doing around 10 km/l, that works out to an average mileage of 1,670 km per month before the “subsidy” runs out.
In any case, those whose applications for diesel subsidies have been approved by June 3 will soon be receiving their first Budi assistance payments. “The first batch of more than 30,000 recipients will receive their Budi Individu and Budi Agri-Komoditi payment of RM200 into their bank accounts on June 10,” Amir said via a statement.
The bigger question is of course how this will play out elsewhere beyond the fuel equation, in terms of the price climbs that will surely come, but the effects should be seen soon enough. Mind you, we haven’t even adjusted petrol yet. Share your thoughts on the matter with us in the comments section.
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“hari ini PH menang, esok harga minyak turun”
2 weeks ago, the govt said this was fake news, now……
Expect very high inflation in the coming months and years……
Fully agreed.
Why lah sabotaged our lucrative business selling to Siam
Well done Madani as to reduce subsidy that enable to save the money to use for Malaysia development infrastructure to improve more street light, repair eth poor road with lot of pothole.
No problem la
sektor2 terbabit dpt subsidi
golongan kebun, nelayan pon dpt
susah jer typ-C yg beli E300, 320d, 520d
Raptor, Ranger, Triton semua tu Hailat la
that comment is both racist and idiotic, the ones who owns E300 and co no matter the race had already sold off their cars for high performance EV, you on the other hand will go and sapu cheap second hand value E300 and kena kencing every time you go to petrol station.
Can understand your pain
U’ll need to grow up
Both job and pay
Habeslah Mesia! Habeslah PH Gomen! But Mesia habes mati dulu sebelum PH :sad:!
Semua sudah kena kencing
waiting for the day for this to happen to Ron 95
kereta >100K ape takut?
kalo X mampu lg pakai jer
Saga Bezza Axia Myvi Vios City
Remove the price limit RM100K for EV cars now, not year 2025.
We had enough of Proton nonsense!
ron95 to be implemented in August..?
Madani Haters = Diesel smugglers
As above.
PH Gomen continue to troll millions of Msians
madani lovers = cuck
The system is not fully ready yet. Some companies that are approved for the subsidy are still not getting their fleet card yet(?).
As for the individual truck owner, not sure whether they have received their have received their RM200 in their account or it will be paid at the end of the month?
Whatever it is, diesel rationalization is good to ban smugglers but at the same thing, the implementation of handling out subsidy to the companies that are qualified need to be dealt smoothly.
“Smoothly”?…Mr Tricycle…this Madani germen from Padu to diesel bantuan..has never been smooth…thousands of frustrated hopefuls are left in the lurch,due to some technical issues…
It is kalang kabut from day 1…
They leave many of us with a bitter taste..like stomach acid rising into your mouth (GERD).
lelong3 hilux untuk dijual
Kita hapuskan Tol!
Kita turunkan harga Minyak!
Madani Votes sudah mau mari.
terima kasih madani !! we love you soooooo much /s
Mad scramble to fill up diesel tonight.
Surely,resale value of diesel guzzling vehicles will go south…people will adopt a wait n see attitude b4 buying diesel vehicles.
I wonder how the 4 Billion Rm of subsidy savings will be spent.
Is it going into someone’s brainchild project of vending machines ,special projects to so called help petty traders,training stints for unemployed graduates etc.
Of course,along the way,some vvips “might”,benefit .
Anyway,lets wait for the huge backlash..if there is any.
Make no mistake,those dudes who cant get any madani diesel bantuan,will pass on the increase costs to the supply chain.
Prices of goods will be ballistic.They defy the law of gravity.They wont come down.
Understand the goverment want to decrease subsidy but can’t it increase in a gentler way? 1 shot 56%, I don’t drive a diesel but I bet every thing price will shot up in the sky especially courier services.
haha …memang cau cibai ……rakyat biasa ditekan lagi….haha…kroni and menteri semua tetap kaya raya…tak ada rasa pun…
Anwar ulangi mantera ‘kita menang hari ini, harga minyak jatuh esok’
Pasukan Malaysiakini
Diterbitkan: Jul 17, 2022 5:25 PM
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Dikemaskini: 5:25 PM
Ketua Pembangkang, Anwar Ibrahim hari ini mengulangi janji untuk menurunkan harga minyak petrol sehari selepas dia memegang tampuk kuasa.
Calon perdana menteri Pakatan Harapan (PH) itu berkata, dia sedar bahawa janji itu dipermainkan oleh orang ramai kerana Pakatan Harapan (PH) tidak menepatinya semasa mentadbir negara selama 22 bulan.
Bagaimanapun, tegas Anwar, janji itu sebelum tidak ditepati kerana dia bukan perdana menteri ketika itu.
“Sekarang kalau kita berjaya kali ini, janji kita pada rakyat, jika kita berjaya, kita akan tunaikan sepenuhnya kepada rakyat.
“Kita menang hari ini, harga minyak jatuh esok.
ADS
“Saya (sebelum ini) bukan PM, macam mana boleh buat. Harga minyak tak boleh diturunkan kerana kerajaan fikir cara menyelamatkan orang di atas, dan kita fikir cara menyelematkan orang di bawah,” katanya pada sidang media selepas tamat Kongres Nasional PKR hari ini.
Anwar mendakwa kerajaan sekarang tidak dapat menangani isu harga minyak kerana mereka yang berkuasa sibuk bekerja untuk menyelamatkan karier politik masing-masing.
Ini, tambahnya, bertentangan dengan PH yang menumpukan usaha menjaga kebajikan rakyat.
Pada 2008, Anwar berjanji kepada orang ramai bahawa gabungan parti pembangkang yang dipimpinnya ketika itu akan menurunkan harga minyak sebaik sahaja mendapat mandat untuk mentadbir negara.
Anwar menang, diesel naik
Anwar menang rakyat senang
No mention is made of the Euro 5 B7 pump price. What will it be?
support removal of subsidy. otherwise all the terpaling civic or hilux always tekan minyak like nobody business.
Is it true that there will be a mega sale of 2nd hand SUVs and sedans throughout Peninsular Malaysia starting on Monday 10/6?
Surely heavy and bulky gas guzzling MPVs (Innova) and SUVs are going to take a huge hit to the Resale Value because nobody wants to buy it. Be it diesel or petrol. Petrol price bomb is coming in 2 months time.
Perodua gonna have a huge boost to sales and will likely raise their prices. Greedy crooks.
U vote PHaprak..U get the Price-Hike… next PRU..we should choose “the lesser evil” than PHaprak..
Kepala basah x tu kena kencing?
Tahniah Rakyat Malaysia.
Let’s remove all subsidy once and for all
This government is siphon money from rakyat instead of bring more money from outside. The fail government.
Well guess all thanks to that Abai guy who spend so much during Covid 19 to save his family, friends and cronies telling he wants to save Malaysia while his in-law after being naughty just left the country like a coward.
puiiiii madani.sembang bohong
next GE, surely got more candies for the people. they might even subsidised the fuel again.
saddup la those of u blaming on gomen PH and still living in fantasy. Subsidy removal is was a matter of time and don’t say u didn’t see it years ago!
don’t go blaming on illegal traders for subsidized fuel too.
Is it 1st of April??
This implementation sucks.
First, Sabah and Sarawak got exempted. You mean East Malaysia doesn’t have smuggling?
Second, multi-stage implementation means multiple price increases and inflation .
And potential benefits? Government says the potential savings can be channel to other usage… like what? Sounds like an after thought. Equally those money could be used as subsidy to control inflation, no? Just need to control the smuggling abit better.
GOOD! Less pick-up trucks on the road
Get ready everyone. This is the new reality we are facing now.
business man all so smart…they already increased prices before the diesel price floated…..yesterday went out to eat my favourite mee…stall owner already increased RM1 each plate…haha….so now so chance/less chance to catch em on price increase after diesel floated….they are one step ahead of the incoming price float….
later when the petrol price floated …they will do the same….increase first before the floated price kicks in…memang pandai…habis la rakyat
Today, most hilux and ford rangers and their clans I saw driving at leisure speed of 60-65kmh. Even lori tanah also.
All my cars are diesel. I’m converting them all to Flintstone cars…
On a serious note, since the bulk of the leakage is due to smuggling, the gov should’ve removed the subsidies for diesel & petrol at the same time, but give EVERY Malaysians the RM200 subsidy, regardless whether one is B40, M40 or T20. Over time, can reduce or remove the RM200 subsidy from the T20. By doing this, the smuggling issue is tackled and less complaints from the people.
Regime change minus the greenies….a clear and present possibility.
Current madani dudes..a real letdown after voting for them.
It shows nobody want to tackle smuggling of diesel..the short cut is to float the diesel price.
Coming soon is petrol floatation.
Watch out..your favourite roti chanai is costing Rm1 higher soon…..the supply chain that didnt get any diesel bantuan preemptively have raised prices yesterday after midnight.
Let me show you the Hilux