2020 Budget: RM2.2 billion for targeted fuel subsidy scheme

December 15, 2019

Dateline 2019-10-11, NST:

The government will allocate RM2.2 billion for the proposed Fuel Subsidy Programme (PSP), which is set to benefit more than eight million motorists nationwide.

Motorists in Sabah and Sarawak, meanwhile, will continue to enjoy a fuel price ceiling of RM2.08 per litre for RON95 and RM2.18 per litre for diesel, said Finance Minister Lim Guan Eng in his 2020 Budget speech today.

“Should the Sabah or Sarawak governments wish to participate in the PSP, the federal government is ready to accept the request.

“Individuals who own no more than two cars and two motorcycles are eligible to receive PSP for (only) one vehicle. All luxury vehicles will not qualify to receive the targeted subsidies,” he said.

He said the PSP will be launched in Peninsular Malaysia in January next year, with two eligible recipient categories.

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Petrol dealers ‘in the dark’ over subsidy system

July 14, 2019

“We are nervous because some drivers may be eligible and some may not be for the subsidy.” Um, define subsidy much?

Dateline 2019-06-17, FMT:

With just two more weeks before a targeted fuel subsidy system is slated to begin, petrol dealers complain that they are in the dark and no one has briefed them on how the system will work.

Khairul Annuar Abdul Aziz, president of the Petrol Dealers’ Association Malaysia, said dealers do not have any details on the system, in which lower-income motorists will receive a subsidy on the cost of petrol.

“We are in the dark. We do not know how it will be implemented and neither has anyone briefed us. We are nervous because some drivers may be eligible and some may not be for the subsidy,” he told FMT.

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Oil price hike: Call for improvement in public transport service

October 17, 2013

Dateline 2013-09-02, The Malay Mail (there’s a blast from the past):

The government should take drastic action to improve public transport service to reduce the burden of consumers with the increase in the price of RON95 and diesel, effective midnight tonight.

Malaysian Muslim Consumers Association (PPIM) secretary-general, Datuk Dr Maamor Osman, said several mechanisms could help to lighter consumers’ burden as a result of the oil price increase.

“We understand that the government’s move is to reduce subsidy, but in this slow economic situation, with no increase in income, it will burden the low income earners.

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Removing the Gas Subsidy Crutch – Can Malaysia Do It?

August 7, 2012

Dateline 2012-XX-XX:

With the next general elections due by April 2013, and in light of recent political uncertainties, one crucial subject is relatively missing from public discussion: gas subsidies.

Gas is heavily subsidized in Malaysia, to the tune of $14 billion in 2008. [1] That keeps fuel prices in Malaysia at about USD$0.60 per liter for RON95[2], the regular unleaded fuel, while the premium RON97 goes at USD$0.91 per liter[3]. Diesel is priced at USD$0.56 per liter.[3]

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Malaysia – Reducing Subsidies

August 12, 2010

I have a few scans from The Star. I find the grammar of the government primer on subsidies impressive, our PM must be hiring better English linguists to spread his message.

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

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