Petrol subsidy rationalisation system using MyKad being studied

Petrol subsidy rationalisation system is still under study and would be implemented using the MyKad, said Deputy Finance Minister Datuk Ahmad Maslan.

Ahmad said on Thursday that the high-income group would have to pay RM2.58 per litre for RON95 while the low-income group would still continue to pay at per current RM2.30 per litre rate.

The rich will have to pay the full market price of RON95 petrol beginning June next year while the low-income group will continue to enjoy the current subsidised rate.

"For the middle class, some will still enjoy the subsidised rate," he said in a press conference after the Goods and Services Tax (GST) and Budget 2015 briefing for officers from Rural and Regional Development Ministry and agencies.

He said that it did not make sense for those driving luxury cars to enjoy a subsidy of 75 litres of petrol while the low-income group 7.5 litres for each refueling.