PUTRAJAYA: The Government has officially scrapped its plan to restructure the fuel subsidy scheme based on the engine capacity of vehicles, Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob announced on Thursday.He also said there would be no price increase for now.
The plan, originally set to be implemented on May 1, was to introduce a tiered pricing system for petrol, depending on engine capacity, while foreigners would have to pay the market price.
It called for the mandatory use of MyKad to differentiate Malaysians from foreigners, requiring the need for MyKad readers at petrol stations.
Subsidised petrol would be capped to a certain amount of litres a month per user for owners of vehicles with engine capacities of below a certain threshold. The reported upper limit eligibility for the petrol subsidy is 2,000cc. Owners of cars with bigger engine capacities would be exempted from the subsidy.
However, many had considered the proposed scheme to be very unfavourable and cumbersome to enforce and some have suggested that the subsidy itself should be removed.
tunku : thank you government.you made the right decision.before making any decision, please ask the opinion of the people and look at ground situation.
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1 comment:
When I was in Raub Pahang, in 1957 there were no trafic lights. We had 'STOP LOOK GO' signs. It was so simple then. But just because we have traffic lights now does not mean that we have to forget about the meaning behind that simple sign.
In the case of the fuel subsidy we sould have first 'STOP' to think of the implication then 'LOOK' how the people whose disposable income in reducing by the day would react and then 'GO' Instead of the we reversed that road sign and taken the 'GO STOP LOOK' approach Ramalx
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