PUTRAJAYA, Jan 8 – The mechanism for fuel pricing in Malaysia has finally been finalized and controlled under one mechanism, which also takes the high and lower income group people into consideration, according to Finance Trade Minister Tan Sri Anuar Ali.
“From May 1, the fuel will be pegged at RM 3.90 per litre for RON97, while RON95 will increase to RM 3.70 per litre. However, the prices of national-made vehicles will be lowered by at least 40 percent. For example, a full-spec family sedan Proton Persona 1.6 litre engine will cost around RM 23,000.00 excluding road tax and insurance. Import tax and excise duty will be revised to only 30 percent, from the current 200 percent. Imported vehicles such as the new Toyota Camry 2.4 litre engine will cost around RM 65,000.00.” he said.
The mechanics has been said to be undertaken by a team of experts from Australia and Canada who were earlier briefed on the issue of subsidy in this country, whereas after consideration by the transport minister, they have signed the constitution that the system will be made on May 1, the day it goes into effect.
Under the new system, there will be a major effect on the existing consumers who have already purchased a vehicle and to those who are in the midst of repaying the loan of their vehicle to their financial institutions.
Ahmad Tajuddin said the government might also re-introduce a cash return annually to Malaysians who own a 1,500 cc and below vehicle. The amount have yet to be decided but he assured that the amount will compensate the price of fuel by at least half to eligible Malaysians based on bumi quota.
– SkyNet News Asia
Pretty sure that's fake. Can you imagine the billions our gov stand to lose from removing the vehicle tax?
If they only remove the fuel subsidy they'll stand to make at least RM2 billion annually. Not to forget that some datuk or tan sri somewhere is pocketing a nice hefty sum for this e-petrol subsidy system. I'm pretty sure this will go ahead no matter what the rakyat says. Only difference right now is how it is really going to be implemented. -loafer- (bmwclubmalaysia.com)
This news can't be true. Dunno which forummer from which car club started this. Hint : Try google 'skynet news asia'. If this is true, all dead ministers will rise from their graves.
Knowing our government, when they make announcements on fuel prices, they will NEVER bundle it together with other announcements like the possibility of rebates for cars below 1500cc and the reduction of import duties. This is just a false alarm.-funfer_fahrer-(bmwclubmalaysia.com)
as i've mentioned, not sure if this piece of news is credible...and who is the so-called "Finance Trade Minister Tan Sri Anuar Ali". other forums like lowyat and autoworld are also discussing this... -king82-(bmwclubmalaysia.com)