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Tuesday, June 3, 2014

Subsidised fuel for those earning below RM5k?


Does your vehicle have an engine capacity less than two litres and you earn below RM5,000 a month? If so, congratulations.

According to Sin Chew Daily, this would mean that you will fully qualify for the government’s new fuel subsidy scheme once it rolls out in September.

The newspaper reported in its evening edition yesterday that these are expected to be the criteria to determine who will be eligible for subsided petrol and who will not. It applies to both private and company-registered vehicles alike.

Those earning between RM5,000 to RM10,000 a month will reportedly be getting subsided fuel as well, but may be limited to 300 litres of RON95 petrol and diesel.

Foreigners, foreign-registered vehicles, and those earning above RM10,000 may not be eligible at all, and may have to buy petrol at market prices, the report stated.

However, the daily quoted an unnamed Domestic Trade, Cooperatives and Consumerism Ministry official as saying that these details have yet to be finalised.

There is still some time before the September implementation, the source reportedly said, and the ministry is still studying feedback from stakeholders.

Bernama earlier reported that the government will introduce a new system for distributing subsidised fuel beginning Sept 1 to ensure the sale of subsidised diesel and petrol is only to eligible commercial vehicles.

A similar system will be introduced for private vehicles in October or November, with details to be announced later.

The government is targeting savings for RM9.8 billion through the new system.

Meanwhile, the anonymous source reportedly told Sin Chew that the government is also studying whether to upgrade the MyKad to facilitate the distribution of the subsided fuel.

The alternative being studied is for relevant ministries such as the Transport Ministry and Finance Ministry to issue a special card for eligible vehicle owners.

“The card will have the vehicle owner’s name, address, monthly fuel quota, etc. When the vehicle owner arrives at the pump, he would have to swipe his car first before filling up.

“If his monthly quota is up, then he would have to buy RON95 or diesel at market price,” the source reportedly said, adding that the card would also help the government track the owner’s consumption of subsided fuel.

Malaysiakini has contacted the Domestic Trade, Co-operatives and Consumerism Minister Hasan Malek and secretary-general Alias Ahmad for comment, and is awaiting a response.

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