Fuel Subsidy In Malaysia

Under the fuel subsidy scheme a car must have a 1 600cc engine and below or be more than 10 years old with an engine that is 1 600cc and above. The government is doing a study on the petrol subsidy mechanism for the m40 middle income group and the outcome of the study could be ready as early as march next year which will pave the way for the inclusion of the m40 group in the government s targeted fuel subsidy programme or psp for m40 it will be ready by march 2020 and we plan to follow the card approach. Kuala lumpur oct 15.

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Subsidy reform in malaysia was initiated in july 2010 by prime minister najib razak via a reduction in subsidies for fuel and sugar.

Fuel subsidy in malaysia. About 5 million people are expected to benefit from this subsidy that will come in the form of a kad95 petrol subsidy card. Bookmark our page and check back for the up to date prices. Malaysians in the m40 middle 40 income group a petrol subsidy card will be issued sometime in march 2020. According to the road transport department s jpj data there are 11 6 million cars on the road and 6 8 million motorcycles.

Fuel subsidies for the b40. Motorcycle owners will receive rm48 instead. Continued subsidies will only portray an artificially low cost of fuel to the rakyat while encouraging private vehicle usage leading to more urban road congestion and increased carbon emissions. The current fuel subsidy scheme is open to all.

Driven by skyrocketing fuel prices that the government can no longer afford malaysia wednesday dared the possibility of further political trouble for the ruling national coalition at best and civil unrest at worst and slashed hefty fuel subsidies that would have cost rm56 billion this year about half of the government s revenue. Further cuts in subsidies for these and other products are planned over a three to five year period to strengthen government finances and improve economic efficiency. According to prime minister tun dr mahathir mohamed car owners on bantuan sara hidup bsh will receive rm120 every four months. Prices of fuel have been changing on a monthly basis since september 2018 but it will now return to a weekly price system based on the automatic pricing mechanism apm formula.

Unless they are over 10 years old. We provide weekly updates every friday at 5pm on fuel prices for ron95 ron97 and diesel as the malaysia government revises the pricing. Additionally the subsidies only apply to cars with an engine capacity of 1600cc.