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  • NEW FUEL SUBSIDY SYSTEM ON MAY 1

    Malaysia will adapt new rules on fuel subsidy which will eliminates subsidy for foreigners and luxury car owners in Malaysia by using MyKad as a medium for records who are eligible for the subsidy. read further news from bernama below.

    NEW FUEL SUBSIDY SYSTEM ON MAY 1

    PUTRAJAYA, Jan 18 (Bernama) — Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the new fuel subsidy management system meant for targeted groups will be announced before May 1.

    “The ministry is still discussing and studying the mechanism proposed including the possibility of abuse,” he told reporters here Monday.

    The government had announced that the fuel subsidy management system would be announced on May 1 together with the removal of subsidy to foreigners.

    Ismail said the mechanism discussed include limiting the sale of fuel to motorists based on the vehicles used.

    “If they can afford to buy luxury cars, then they can surely afford to pay for unsubsidised petrol,” he said.

    The machanism include a proposal that motorists use MyKad at petrol kiosks to ensure that the subsidy was enjoyed only by Malaysian citizens.

    Ismail said the government had no plans to remove the fuel subsidy as Malaysians were still not ready for it.

    He also said price control for the coming Chinese New Year would be extended to the eighth day for the sake of Hokkiens.

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