Subscribe in a reader | Subscribe by Email Looks like my source was correct! 🙂 There was rumours about the scheme being at least postponed and today it became a reality. The public can imagine the nightmare at petrol stations if use MyKad. Worse still, if your MyKad suffers from wear and tear, the hassle to renew it…
But I like the spin by minister: “The government does not want to implement something which does not have the support of the people because the government of today is a government of the people”. Quite creative I say 🙂
This thing needs more study, and in fact, there’s not news of its implementation scheme till date. All we get is speculation from newspapers. Talk about being transparent! Obviously people will be skeptical.
Hopefully the lab method will come out with something realistic and beneficial.
The government confirmed today that the proposed tiered fuel subsidy has been scrapped and there will be no fuel price increase for now.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob, who made the announcement today, said the current system of subsidising fuel would be maintained.He said a Subsidy Rationalisation Lab, which has been set up, would review all forms of subsidy in the country, including for fuel.
The government decided to scrap the proposal on the new fuel subsidy management system after considering the response from the public, he said.
“The government does not want to implement something which does not have the support of the people because the government of today is a government of the people,” he told a news conference.
He said the outcome of the study, conducted by the Subsidy Rationalisation Lab, would be used by the government as the basis to determine future subsidies.
The government had planned to introduce a tiered pricing system for petrol on May 1, together with the removal of subsidy to foreigners.
The mechanism would have required Malaysians to use their MyKad to get the subsidy at petrol stations based on the engine capacity of vehicles.
The current price of petrol is RM1.80 per litre for RON95 and RM2.05 per litre for RON97, while diesel is sold at RM1.70 per litre.
Last year, the minister said, the government provided subsidy of RM3.4 billion for petrol and RM1.9 billion for diesel.
“So far, the government has provided 30 sen and more of subsidy per litre.
“As for February 2010, the subsidy borne by the government was 39 sen per litre for RON95, 16.56 sen per litre for RON97 and 32.12 sen per litre for diesel,” he said. – Bernama
