Penang Island parking rates to increase by 50% from March 2025 to help maintain, upgrade PSP system

Parking rates in Penang will be increased by 50% at designated locations on the island for Penang Smart Parking (PSP) users beginning March 2025. With this revision, parking rates will be raised from RM0.40 to RM0.60 for 30 minutes, RM0.80 to RM1.20 for an hour, and RM6 to RM9 for a full day.

As reported by The Star, Penang Island City Council (MBPP) mayor Datuk A. Rajendran said the fee adjustment was necessary to cover the maintenance of parking sensors and implement upgrades to improve the PSP system.

“This increase is not about generating profit. Our main goal is to ensure the parking system operates efficiently and continues to benefit all users. It also helps regulate parking durations to ensure fair access for everyone,” he said.

“The last increase was in 2014, when 30-minute rates were raised from 30 sen to 40 sen. Before that, rates hadn’t changed since the 1990s,” Rajendran told FMT.

On a related matter, PSP users will benefit from reduced annual parking rates, which will be lowered from RM1,800 to RM1,200 between March and December next year. However, monthly charges will remain unchanged at RM150.

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