If Your Salary Is RM10,000 And Below, You Are Entitled To Subsidised Petrol In 2015
Only Malaysians earning below RM10,000 monthly will get fuel subsidies from next year while those earning below RM5,000 monthly will get full subsidies, Putrajaya announced today.themalaysianinsider.com
Those who earn more than RM10,000 per month will not enjoy any fuel subsidy under the subsidy rationalisation scheme to be implemented next year. In announcing this Monday, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the programme would be divided into three tiers.thestar.com.my
Finance Minister II Datuk Seri Ahmad Husni Hanadzlah said the subsidy rationalisation programme would be divided into three tiers. "Those earning below RM5,000 per month will receive full subsidy while those earning between RM5,000 and RM10,000 will get a partial subsidy," he told reporters after officiating the Bank Rakyat International Islamic Banking Conference today.themalaysianinsider.com
Starting In June Next Year, Malaysians Who Are In The High Income Bracket Will No Longer Enjoy Petrol Subsidy From The Government
Starting June next year, the purchase of RON95 petrol for those in the high income bracket will be according to market prices, said Deputy Finance Minister Datuk Ahmad Maslan.themalaymailonline.com
Those belonging to the ‘high-income group’ will have to pay the full market price for RON 95 petrol – RM2.58 per litre at current prices. However, individuals classified under the ‘low-income group’ will continue to fill their tanks at the current subsidised rate of RM2.30 per litre. This dual-pricing will start in June 2015.paultan.org
High-income earners will have to start paying the market price for RON95 petrol, while those in the low-income bracket will continue to enjoy the current subsidised rate once the petrol subsidy rationalisation mechanism is implemented in June.thestar.com.my
Deputy Finance Minister Datuk Ahmad Maslan Said That Malaysians Who Are In The Middle Income Or Low Income Bracket Will Continue To Enjoy The Subsidised Rate, Which Is Priced At RM2.30 Per Litre For RON95
“For the middle class, some will still enjoy the subsidised rate,” the minister said, adding that it did not make sense for those driving luxury cars to enjoy 75 litres of subsidised petrol for each refill, versus 7.5 litres for the low-income group. He meant to draw comparison between the tank size of a big SUV/luxury sedan with a motorcycle, but did not elaborate what constitutes high-income, low-income or middle class.paultan.org
He said those in the low and middle income groups would continue to enjoy RON95 at subsidised prices. “This system is more fair, as only those qualified will receive the subsidy,” he said, adding that a similar system would be implemented for diesel consumers starting January next year via the fleet card. At present the price of RON95 is RM2.30 per litre.themalaymailonline.com
The System Of How This Will Be Implemented Is Still Being Studied But It Will Most Likely Involve The Use Of Malaysia's Identity Card, The MyKad
"The system is still under study. Until now, what I know of is that the system which is to be implemented will use the MyKad," he told reporters after launching the National Tax Seminar in Kuala Lumpur, today.themalaysianinsider.com
He said the mechanism and methods of implementation were being finalised by the Finance Ministry and Domestic Trade, Co-operatives and Consumerism Ministry either through the use of MyKad or other cards.themalaymailonline.com
Does This Mean That Petrol Attendants Know How Much Malaysians Are Earning On A Daily Basis? How About Some People Taking Advantage Of The System By 'Leasing' Their MyKad For Money?
On 2 October 2014, The Government Cut The Petrol Subsidy For RON95 At 20 Cents, Making The Price Rise From RM2.10 To RM2.30 Per Litre.