Registration for new Fuel Subsidy System

[Traveler]

Report updated and now the big question is - Who's the bank? Maybank? CIMB?

Maybank it seems. Here's the latest from Paul Tan's website:

Source

Details on May 1st new fuel subsidy system to be revealed in March 2010
February 22, 2010 at 7:38 am by Paul Tan · Filed under Local News, Malaysian Fuel Prices

This is the silver lining in a dark cloud. According to Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob, we will know the details of the new fuel subsidy mechanism in March 2010, ahead of the system’s expected implementation date in May 2010.

Although most of us dread the thought of having to pay more for fuel soon (and with more hassle as well), at least now we will have a one to two month head start to planning our finances instead of only knowing at the very last minute.

Datuk Seri Ismail declined to provide any details (in an interview with NST), but he did say that it would make people happy. I am hoping that this could indicate a fair system that would not trouble the low to middle class income earners. Let’s hope the government has not been out of touch with the reality of things on the streets in formulating this new subsidy system, otherwise it will indeed be a bitter year of the tiger for us.

What we know so far is that foreigners (even those who consider Malaysia their home and work here with local and not typical expat level of salary) would definitely not get any subsidies because they will not hold the MyKad, which is said to be a key element in how the system works. Your MyKad will identify you (a newspaper report has even cited you need a thumbprint scan like at the airport with your passport or with your MyKad at the bank) and how much of subsidies you are eligible to get.

The system is said to be managed by Maybank, the first time this has been revealed in the newspapers, though I’ve heard rumors of this for months. A pilot project to test out the system will go live sometime in end March or perhaps April – a rather short test time for a large scale nationwide roll-out of a new system!

You could get between 200 to 300 liters of subsidies per month depending on various factors such as socio-economic and the dreaded engine capacity factor. The threshold is said to be 2,000cc – and I would be able to get pass this number if not for the 2.5 liter old E30 which I purchased for just over RM10k recently. This probably means zero subsidy for me. Company cars are said to be not eligible for the subsidy. Once you run out of subsidised liters per month, you will have to pay full price, which is expected to be RM2.10 per liter for RON95.

Even for those who qualify for the liter amount of subsidies that they need every month, they will not likely to continue paying the RM1.80 per liter for RON95 and RM2.05 per liter for RON97 we are paying right now. Sin Chew Daily reports that the government is expected to announce a new subsidized price of RM1.90 per liter for RON95 and RM1.80 per liter for Euro 2M diesel. Nothing was said about RON97, so that can either be a very good thing or a very bad thing! But I have a feeling there will not be any ’subsidised’ option for RON97. If unsubsidised RON95 is RM2.10 per liter, unsubsidised RON97 might touch RM2.50 per liter!

Whatever it is, we’ll know the full details next month, if the minister keeps true to his word, and hopefully we’ll be ‘happy’. The March announcement date may coincide with a ‘registration exercise’ as mentioned in newspaper reports previously.

 

[blackrobe]

bloody pirates...

 

[jaleeks23]

It was mentioned in The Sun yesterday, RON95 and diesel could be increase by 10sen soon. It also stated that the G feels 10sen increase is acceptable by the public. It also said however the plan to implement mykad may not take off because they are not able to come up with a fuel price mechanism yet.
Petrol dealer association believe foreigners will pay market price when the new fuel price mechanism is introduced next month.

So, dunno what is what now.

 

[Iylia H]

quoted from sin chew "Besides, if the driver is not the owner of any vehicle, he or she will not be entitled to the subsidy."


For most students, the car that they are driving is not registered under their name. It is commonly registered under one of their parent's name.

Current status quo shows that, most students study out of town, away from their parents.

Thus when the time comes for them to fill up at the petrol station, wouldn't it be a big burden for a student to fill up their car with unsubsidized fuel?



Well if that happens; i'd be that dreaded driver:thefinger:


I'd be one of the first one to quote James May of Top Gear's famous line "COCK!"

 

[John_Smith]

Remove the bloody road tax!
Then, I don't mind paying the 10cents increment.

I always wonder why the G does new policy secretly, then when it's announced, everything kelam kabut.

 

[ALBundy]

Remove the bloody road tax!
Then, I don't mind paying the 10cents increment.

I always wonder why the G does new policy secretly, then when it's announced, everything kelam kabut.

Actually the present government has done better PR work (smarter as well) then previous governments.

Just like the fuel subsidy and GST plans are leaked out to the public with the ministers kept saying the final mechanisms are still being discussed, judging the feedback from the public.

Whatever it is, this fuel subsidy plan is unnecessary and the ones benefitting from it are the folks involved in this project. Why don't the fuel price be increased and the poor folks be given monetary assistance based on income (instead of engine capacity)?

This is akin to scratching your left ear with your right hand going around the back of your head.

Cheers

 

[hayashikm@aol.com]

Government just decided to scrap the tiered fuel subsidies......

http://www.themalaysianinsider.com/...craps-tiered-fuel-subsidies-for-simpler-ways-

 

[ramsing]

t2ribena....u can drive u're 518i again. dun have to convert to NGV dy