One of the most hotly discussed plans from Malaysian Budget 2020 was the plan to have a targeted petrol subsidy programme that was supposed to start today on the 1st of January 2020. However, don’t worry if you haven’t registered for the programme yet as the new subsidy scheme is officially postponed indefinitely!
According to Malaysiakini, Domestic Trade and Consumer Affair Minister Saifuddin Nasution Ismail released a statement saying that the government still needs time to make the public be aware of the existence of the scheme in the first place. He further added that the Finance Ministry also needed more time for the M40 group to register to receive the subsidy.
One of the election manifestoes from the ruling coalition, Pakatan Harapan was that they would create a new subsidy scheme for petrol in Malaysia. For now, RON95 prices have been capped at RM2.08 per litre since February last year.
The Pakatan Harapan government has announced two separate schemes for petrol prices, which are:
- Cash handouts of RM30 a month under the Domestic Trade and Consumer Affair Ministry for those receiving Bantuan Sara Hidup (BSH) should they own a certain type of vehicle.
- A scheme conducted by the Finance Ministry for the Malaysian M40 group (those who earn RM4,000 a month and below) which involves a “K95” card which gives a RON95 petrol subsidy of 30 cents per litre, capped at 100 litres for cars and 40 litres for motorcycles.
For both of the above schemes, only cars with a 1600cc engine capacity or a car over 10 years old with an engine capacity above 1600cc are eligible. For motorbikes, only those which have an engine capacity of 150cc and below or are over seven years old with an engine capacity of 150cc and above are eligible.
Well, to be fair, the schemes are quite confusing and we definitely need more time to understand them fully. What are your thoughts on the postponement? Should the petrol subsidy scheme remain the way it is now instead of this proposed scheme in the first place? Share your thoughts with us in the comments!
“Don’t be shy, join me” – Communications Minister Says He Doesn’t Want A Dedicated Lift
Did you know that besides riding in a car amidst an entourage of blacked out cars and police vehicles, Malaysian...
Petaling Street Listed Under USA’s Report of Most Notorious Markets For Counterfeit Products
For many, visiting Petaling Street aka Chinatown in Kuala Lumpur is an experience of food, culture and business. But, what...
Influencer in China Who Cooked and Ate Great White Shark Fined Close to RM80,000
There’s a lot of debate about what animals we humans can eat and what we can’t eat. However, the general...
Kajang Police Responds to Viral Issue of M’sian Being Denied Entry into Police Station For Wearing Shorts
Recently, it was reported that a woman who had intended to lodge a police report following a car accident claims that...
WATCH: Jetty in Sabah Collapses & Leaves Schoolchildren in The Water, M’sians Urge Govt to Step in
Eastern Malaysian states such as Sabah and Sarawak have suffered enormously from a lack of proper infrastructure. The lack of proper...
Kuching MP Slams Sarawak Govt For Plan to Build Tallest Flagpole in M’sia Which Costs RM30 MILLION
Recently, a report stated that the Sarawak government is planning to erect the country’s highest flagpole to fly the Sarawak...
Ministry of Youth Launches Programme To Empower B40 & M40 Youths With Additional Skills
Many a time, we’re always told that education is the answer to someone’s future. However, in this society, there are...
PM: M’sia To Distribute 1 Million Copies Of The Quran Worldwide In Response To Burning Of The Holy Book In Sweden
Prime Minister Datuk Seri Anwar Ibrahim has announced that our country will immediately issue one million copies of the Quran...
Social Stories14 hours ago
HK Actor Enjoys Celebrating CNY in Penang, Says He’ll Return Every CNY & M’sians Welcome Him
Social Stories9 hours ago
Influencer is Frustrated That Lotus’s Staff Didn’t Offer to Help Carry Her Items, M’sians Back The Staff
Social Stories13 hours ago
WATCH: Chinese Company Gives Bonuses Totaling RM38 MILLION to Employees in Mountain of Cash
Social Stories12 hours ago
S’porean Man is Suing His ‘Closest Friend’ RM9.7 Million For Friendzoning Him