Tuesday, June 3, 2014

Subsidised Fuel For Users Earning Below RM5k, Limited Quota For Those Between RM5k to RM10k

Following yesterday’s report on the government’s proposal to limit the sale of subsidised petrol and diesel only to eligible motorists, the Sin Chew Daily reports that among the qualifying criteria mooted is to limit it to motorist driving vehicles below 2,000cc and earning below RM5,000 per month.
The criteria will apply to both private and company-registered vehicle.

Those earning between RM5,000 to RM10,000 will reportedly be getting subsidised fuel as well, but limited to only 300 litres of RON 95 petrol and diesel.
Those earning above RM10,000 per month, as well as motorists in a foreign registered car will have to purchase fuel at market prices.

However the daily adds that the details of the implementation have yet to be finalized.
Separately, the New Straits Times quoted Domestic Trade, Cooperatives and Consumerism Minister Datuk Hasan Malek as saying “We are reviewing a few proposals now. Among the suggestions are introducing fleet cards, integrating nanotag technology and imposing quotas.”

Hasan added that a final decision has yet to be made. “The cabinet will then decide and work out the new method,” he said.
My oh my, another round of petrol price increase again....cronies earning more and more, and we the citizen suffer even more...when will this stop !!?!?!!

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