B - Cost of Living B07. Petrol Subsidies

B07-01: Provide targeted petrol subsidies to those who use motorcycle below 125 cc and car below 1300 cc


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In progress
Sep 2019

'We're just waiting our turn to present fuel subsidy paper to cabinet'

Malaysia Kini September 02, 2019

Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail said today that the cabinet paper on the targeted petrol subsidy will be tabled as soon as possible. "It's good. (We are progressing) according to schedule," he told a press conference after attending the I-Keep Carnival in Kuala Lumpur. "A few weeks back, I informed the media that we were finetuning a few aspects, including on the implementation mechanism and recipient data. We have completed these. "We have completed the paper and we are just waiting to present it to the cabinet, subject to the cabinet decision and amendment. "This is a new policy and we have no experience in implementing it. Definitely, the cabinet members may come up with their own views and I must respect that," he added. On Aug 20, Saifuddin was quoted as saying that the targeted petrol subsidy would be announced in two weeks. The plan, unveiled under Budget 2019, entitles owners of cars and motorcycles with engine capacities lower than 1,500cc and 125cc respectively to subsidies of up to 30 sen per litre of RON95 petrol. Putrajaya initially targeted implementation in the second quarter of the year. It is now understood that the subsidy will be rolled out by the end of 2019. Saifuddin previously said that the subsidy would either be channelled into recipients' bank accounts or via a petrol card. In June, the Malay Mail quoted a source saying that the government had decided on the former.

Nov 2018

Petrol subsidies remain for owners of 1.5L cars and 125cc bikes

New Straits Times November 03, 2018

By Hidir Reduan Abdul Rashid - November 2, 2018 @ 6:11pm KUALA LUMPUR: Owners of cars and motorcycles with 1,500cc and 125cc engines, respectively, have much to rejoice as they can enjoy RON95 petrol subsidies of 30 sen per litre. Finance Minister Lim Guan Eng said car owners would receive RON95 petrol subsidies limited to 100 litres, while motorcycle owners would get 40 litres. “This new (subsidy) mechanism is expected to begin in the second quarter of 2019. For this, RM2 billion is allocated and is expected to benefit around 4 million car owners and 2.6 million motorcycle owners,” he said while tabling Budget 2019 at the Dewan Rakyat on Friday. He said the government would also re-float the RON95 petrol price in the market via the Automatic Price Mechanism, in order to increase efficiency in use of resources, among others. Pakatan Harapan, in its manifesto, had pledged to give targeted petrol subsidies to private car owners with car engines of 1,300cc and below and to motorcycle owners with machines with 125cc engines, at 100 litres a month.