Government announces new fuel subsidy; here’s how it works & who would benefit


Dateline 2019-10-08, The Rakyat Post:

The new petrol subsidy mechanism outlined by the Domestic Trade and Consumer Affairs Ministry (KPDNHEP) will gradually float the price of RON95 petrol in Peninsular Malaysia.
This means that the retail price for RON95 will be set by the cabinet based on global market prices.
For those living in Borneo, the price of RON95 will still be capped at RM2.08 per litre.
So who exactly benefits?
Under the new petrol subsidy mechanism, ONLY vehicle owners on Bantuan Sara Hidup (BHS) will be able to access subsidised petrol
Recipient’s household income must not be more than RM4,000.

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This entry was posted on Friday, December 6th, 2019 at 6:20 am and is filed under oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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