Last Friday’s tabling of Budget 2025 saw prime minister Datuk Seri Anwar Ibrahim announce the impending end to blanket subsidies for RON 95 petrol, which will be replaced by a targeted version that will come into place from mid-2025.
Anwar, who is also finance minister, said that 85% of the rakyat will continue to enjoy subsidised RON 95, which is currently pegged at RM2.05 per litre. He then introduced a new term – T15, for the top 15% of earners – and described this group as maha kaya. With no more subsidy, the ‘super rich’ and foreigners will pay the market rate for petrol, which is currently RM2.76.
This led to much chatter among netizens about who’s classified in the T15. Since the government mentioned ‘household’, is a working couple earning RM6,500 each (for a total household income of RM13,000) considered maha kaya in Malaysia?
Now, economy minister Rafizi Ramli has come out to clarify that future income classifications will no longer rely solely on gross household income, but will take into account net household income ‘to ensure the people can lead a decent life’.
“I can confirm that the new method will not depend solely on gross household income. We are currently working on improvements based on net household income. It will also consider several other factors. Once that’s finalised, we can then set the statistical lines (for population groups) such as B40 and T15,” he told reporters at the National Statistics Day 2024 Celebration yesterday, reported by Bernama.
He reiterated that a two-tier pricing system will be introduced and under this system, only the T15 will pay the market price for RON 95 at petrol stations. He said the government is currently reviewing the best mechanism to ensure effective implementation.
“The group that will no longer qualify for subsidies is what we refer to as the T15. We are in the process of defining exactly who falls into this category. For the remaining 30 million people, the mechanism is being fine-tuned and discussed for implementation,” he said.
Remember PADU? Launched earlier this year, PADU is a central data repository for individuals and households of citizens and permanent residents of Malaysia, and this will likely be used to draw up a new net income classification, which will determine your pump price.
Another big challenge for the government is the mechanism – how to implement this at the pump level. MyKad perhaps?
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So, people earning a net 13k monthly have no prior financial commitments? This group already pays more taxes than those in the lower bracket, and now you’re:
1. adding another 2% tax from 100k yearly income?
2. remove fuel subsidies for these groups.
Then, the government will brag that the Malaysian economy is doing well and the ringgit is strengthening. But for our group, this is nothing short of torture!
OK la 85% not affected
Kalo banding dgn RON97
U buy car with loan 100K
2.5% interest 2.5K yearly lo
Many people think “car interest” is cheap
1. after deducting commitment, balance NET RM13k is a lot. NET not Gross.
2. addtional 2% 100k tax. is at which level of the tax bracket?
We’ve been suckered by PMX. Time to move our wealth & investments to tax havens
@mfj
You’re right but you must understand, not many countries have smart leaders like SG or China where the government generate money for the people. In Malaysia and most countries, low IQ ministers only know how to make money from their own people. Foreign investment, startups, state owned business etc semua dia tak tahu. Minum teh hari hari dan cakap besar mereka pandai
Please get rid of him before implementing anymore moves in this area.
He is clearly experimenting and has no idea.
Anwar menang rakyat senang
Now regret. Might as wel skip my degree last time. Jadi b40. Mahakaya rm13k household?? Rotfl
Siapa suruh pandai belajar? Mak bapak kitorang x habis sekolah anak pun buta huruf. Siapa untung sekarang?
the maha kaya are politicians that are enjoying stacked pensions and they still can claim allowances and charge the petrol usage to tax payers. PMX should stop the stacking of pensions if he is serious in not enriching the rich.
The stacked pension starts if they got another post or only after full retirement?
Each time they become a new MP or Minister, they will have a new pension scheme where it will be stacked on top of their previous post.
Your PMX hiding in his room mourning the killed militant leaders
I’ll say NET DISPOSABLE INCOME, if they truly have everyone’s spending data they can easily calculate if a household have additional disposable income. Don’t need B40 M40 T20 distinctions anymore, tax and subsidize base on Net disposable income. Family have Net Disposable Income less than RM10? RM3000 Universal Basic Income per month per person direct credit into bank! NDI less than RM1000? RM2000 UBI/m/person! NDI less than RM10000? RM0 these fella already very rich! Absolutely zero subsidies! Can drop all other subsidies when introducing Universal Basic Income, everyone will definitely report every single cent they earn and spent each month.
I would say DREAM ON! Vote for me in the next GE and we’ll frame PMX with another homo case
when is next GE…?
I hope tmr then I ll vote them out. I wont vote for DAP this round. Clearly all this bull shit coming frm them frm behind i believe.
Gomen tebuk atap isn’t a bad idea after all. Any hotels wanna sponsor their ballrooms for the next Langkah? Langkah Hilton? Langkah Ritz-Carlton?
Maha Sotong
The curse of being rich.
1. No petrol subsidy
2. No gov hospital subsidy
3. No scholarship
4. Got to pay min wages of RM1700 each employee.
All above while paying top highest bracket of income tax.
Kami miskin salah korang
Korang kaya pun salah korang
Terima kasih kerajaan madani kerana manjakan kitorang
Curse of study hard and work hard to provide for family get rip off more.
Please be considerate! Those household income which just marginally crosses the border of T20 actually is the worst hit rakyat! Much of the $ goes to insurance, kids education and retirement. Because of $ they work at a further distance (commutes hundreds of KM). Drive better vehicle due to safety. Now i start to wonder why do i need to work so hard, to get more money, just to be taxed and be burdened with higher expenditures.
Blame your parents for instilling good values in you. Look at our parents who neglected us and leave us be. Who’s having the last laugh? Not you
If I was considerate I wouldn’t have forced myself onto those young boys and scar their lives
6500 each considered mahakaya… mahabodo ke apa ni…
So the B85 can pump ron95 then sell to T15 for RM2.25? OK lah win-win.
Harey betoi..umum dulu,lepas tu baru fikir macam mana nak buat..betoi² punya merapu
Apa yg pening nak implement:
1) use setel, caltexgo, shell etc (app register with mykad, so can determine which price to use)
2) if 1 fails (or internet fails), then failsafe option use mykad at counter
But can always encourage to use app for loyalty & cashback reward
I will take my maid to use her MyKad to pay.
High income earner already pay 27% personal tax n also paid more sales tax for luxury car that should be enjoy normal subside petrol if compare to neighbouring country. Anytime price differences at least Rm30000-50000 that our government tax advance. If divide RM30000 ÷ 0.75=40000Litres . 40000 Litres can last for how many years. We dont mind to buy no subsidy petrol if our government can follow neighbouring country new car tax tarriff .I feel government penalty those who contribute the most to country economy. Government should encourage low income by more self independence
PAULTAN10
No worries. I just take my maid to pay when refueling my Mercedes.