Malaysia could be removing its price cap for RON95 petrol soon

June 10, 2019

Dateline 2019-04-23, Business Insider:

A price cap on RON95 petrol in Malaysia could soon be removed, the Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail has reportedly said.

The decision on the price cap will be made when a new petrol subsidy comes into effect, The Star reported on Tuesday (April 23),

This new subsidy is expected to be limited to recipients of the Bantuan Sara Hidup (BSH) 2019, which is a cash aid given to around 4.1 million households in the Bottom 40 (B40) household income group.

 


Don’t impose fuel sales tax if global oil price falls, DAP lawmaker tells Putrajaya

January 9, 2015

And why not? This is separate from the GST, is it not? And did we not elect Putrajaya?

Dateline 2014-11-01, The Malay Mail:

A DAP lawmaker told Putrajaya today not to impose a petroleum sales tax in the event that global crude oil prices fall further.

Kluang MP and DAP’s National Political Education Director Liew Chin Tong‎ said that the government should not attempt to impose the said tax as means to just fill the revenue gap, as a result of smaller petroleum-related revenue from Petronas.

He said the ‎government should instead commit to reducing the price of RON95, if global prices continue to fall‎.

“It is most unfair for the Malaysian public if a sales tax is imposed when crude oil prices fall below the current pump price,” Liew said, calling on Prime Minister Datuk Seri Najib Razak to “categorically reject” such an option immediately.


Traders happy with GST-free fuel, retirees feel left out

December 18, 2014

Malaysian Insider, 2014-10-11:

Even as traders welcomed the goods and services tax (GST) exemption for RON95 petrol, diesel and liquid petroleum gas (LPG), pensioners are feeling left out of Budget 2015.

Petty traders interviewed by The Malaysian Insider around the Klang Valley and Penang said they were delighted with the government’s tax-exempt move for its positive impact on the cost of goods used for their business.

“We are happy that the price of petrol will not increase, this ensures that the price of other goods does not go up. This gives us relief,” said Zaki, a kuih seller from Sungai Buloh.

Besides RON95 petrol, diesel and LPG will also be zero-rated while electricity consumption from the first 200 to 300 units will be GST-free. This move is expected to benefit 70% of households.


GST Likely For RON97

September 14, 2014

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.