GST Likely For RON97


Dateline 2014-07-01, Malaysian Digest:

The government sent a clear signal over the weekend that subsidised fuel will remain in Malaysia for now.

This means RON95 petrol and diesel are unlikely to attract the 6% Goods and Service Tax (GST) from April 1 next year. But RON97 remains fair game.

Most telling is how Domestic Trade, Cooperative and Consumerism Ministry (KPDNKK) secretary-general Datuk Seri Alias Ahmad said subsidised fuel supply will be curtailed to address the problem of smuggling.

KPDNKK would decide the quota and approval of subsidised fuels for each petrol station, and not the oil and gas companies, from Aug 1.

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