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The government will discuss the possibility of introducing a sales tax for RON95 petrol if global crude oil prices continued on a downward trend at a Fiscal Policy Committee meeting next Wednesday, said Deputy Finance […]
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Hike road tax for luxury cars instead of making high-income groups pay more for fuel, says academic
Amidst the commotion surrounding the proposed petrol subsidy rationalisation mechanism, an academic has opined that the government should consider increasing the road tax for luxury cars instead of making high-income groups pay market prices for […]
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Gov’t says structure of petrol subsidy rationalisation programme for RON 95 not finalised, out next year
The structure and mechanism of the new petrol subsidy rationalisation programme for RON 95 that is supposed to come into effect next June has not been finalised, says the government. According to Deputy Finance Minister […]
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Petrol subsidy to be distributed via MyKad, ‘low income group’ to enjoy current price – Ahmad Maslan
The days of subsidised petrol are coming to an end, for certain sections of society. The government’s ongoing petrol subsidy rationalisation programme is currently under study and the implementation will involve the MyKad, Deputy Finance […]
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Gov’t says no immediate plans to review fuel pricing despite oil prices dropping to lowest in four years
The government says there are no immediate plans to review fuel prices despite the price of crude oil dropping to its lowest level in four years. It will however continue to monitor global oil prices […]
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Fuel subsidy plan to be announced in a few weeks
Although RON 95 petrol, diesel and LPG have officially been declared free of Goods and Services Tax (GST), Prime Minister Datuk Seri Najib Tun Razak announced last Friday in his Budget 2015 speech that a […]
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Malaysia Budget 2015 – RON 95, diesel fuel and LPG exempted from GST; subsidy rationalisation “soon”
Prime Minister Datuk Seri Najib Razak has confirmed in today’s Malaysia Budget 2015 announcement that RON 95, diesel and LPG will be exempted from the Goods and Services Tax (GST) that will come into effect […]
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Impose a petrol and diesel fuel tax for higher capacity vehicles, says MP Datuk Ariff Sabri Abdul Aziz
We’ve heard this all before, it’s beginning to sound like a broken record – why don’t we impose a petrol and diesel fuel tax on higher capacity vehicles? This has again been suggested by Raub […]
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RON 95 petrol, diesel prices up by 20 sen from Oct 2
The Ministry of Domestic Trade and Consumer Affairs has announced that prices for RON 95 petrol and diesel will be increased by 20 sen at midnight, October 2. That’s tonight, so steer clear of petrol […]
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Diesel subsidy rationalisation expected in January
According to a Bernama report, the Domestic Trade, Cooperatives and Consumerism ministry (KPDNKK) expects to implement the diesel subsidy rationalisation plan in early January. The ministry is awaiting the final decision from the Economic Planning […]
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GST on petrol not yet decided, says Deputy Minister
While a Royal Malaysian Customs Department (Kastam) official announced three days ago that fuel will not be exempted from Goods and Services Tax (GST), Deputy Finance Minister Datuk Ahmad Maslan has denied the claim, instead […]
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GST will include petrol, not in zero-rated list – Kastam
The Goods and Services Tax (GST) is set to kick off in April next year, and while there will be a long list of basic necessities exempted from the tax, petrol will not be in […]
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RON 97 petrol price drops to RM2.75 per litre
The price of RON 97 petrol has dropped by 10 sen to RM2.75 per litre. The last alteration was made earlier in June this year – with the earlier price being RM2.85 per litre. The […]
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Govt to decide subsidy rationalisation, incl fuel, by Q4
The subsidy rationalisation programme will be decided on by the government by the fourth quarter this year, for implementation next year, second finance minister Datuk Seri Ahmad Husni Hanadzlah has said, according to a Bernama […]
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Subsidised fuel should be dyed to be tagged – PDAM
The Petrol Dealers Association of Malaysia (PDAM) has suggested that the government begin dyeing subsidised fuel to enable it to be more easily identified. That way, enforcement agencies would only have to look at the […]