Under the scheme announced by Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail yesterday, only recipients of the Bantuan Sara Hidup who are based in Peninsular Malaysia are entitled.
The recipients will get their payment via cash transferred into their bank accounts, with the first payment scheduled for April 2020. With the price of RON95 no longer controlled, Saifuddin said the government promised that it would not allow a sudden increase, should global prices shoot up. As only BSH recipients in Peninsular Malaysia are eligible for the subsidy scheme, the price of RON95 petrol in Sabah, Sarawak and Labuan will continue to be subsidised and fixed at RM2.08.
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RON95 price to be floated in January, subsidy only for BSH recipientsPUTRAJAYA: The price of RON95 will be floated gradually from January next year when the government rolls out its targeted fuel subsidy initiative.
Source: NST_Online - 🏆 17. / 53 Read more »
Too early to tell if RON95 price float will cause inflation, says SaifuddinKUALA LUMPUR: It is too premature to tell if the decision to float the price of RON95 following the targeted fuel subsidy scheme would cause any inflation, says Datuk Seri Saifuddin Nasution Ismail. Yea.. this is because doing research before implementing something is never a Malaysian gomen thing. Good move to remove the subsidies as we can't rely on fossil fuel for long , but let the savings be used for free education and at the same time look at renewable energy and be kind to mother earth so that our children will inherit a beautiful planet It is not a matter of early or late. Increase in a major and unavoidable element in production chain for most of the products or services will lead inflation. This do not need time to justify. Minister should have known from yesterday.
Source: staronline - 🏆 4. / 75 Read more »
Under new subsidy scheme, RON95 fuel price determined by float system | The Malaysian InsightLower income Malaysians may receive RM48-RM120 every quarter.
Source: msianinsight - 🏆 8. / 63 Read more »
SUPP Women chief: Retail price for RON95 should be further reduced for Sarawak | Malay MailKUCHING, Oct 8 — Sarawak Pakatan Harapan (PH) lawmakers should fight to reduce the capping retail price at RM2.08 per litre for RON95, instead of just being contented, Sarawak United People’s Party (SUPP) Women chief Kho Teck Wan said today. “If you look at the petroleum prices for the past...
Source: malaymail - 🏆 1. / 86 Read more »
Petrol subsidy details out: RON95 price to be floated, subsidies for BSH recipientsPUTRAJAYA: The government’s new petrol subsidy scheme will float the price of RON95 petrol and see eligible recipients receiving between RM48 (motorcycle owners) and RM120 (car owners) every four months. What went wrong? 🤔 Announcement right after I highlighted 2 days ago that this has not been carried out and just days before the tabling of Budget 2020 Rakyat reason to vote for PH supposed to have a better life. How come changing law to get harder? Support you stop corruption but cutting all rakyat benefit is not the way
Source: staronline - 🏆 4. / 75 Read more »
‘Consumers must be ready to pay higher for RON95’PETALING JAYA: Consumers will likely feel some pinch should global oil price remains high following the implementation of the targeted fuel subsidy scheme next year, said Socio-Economic Research Centre (SERC) executive director Lee Heng Guie. Consumers should be ready on who to vote for the next General Election Doesn’t all these sound familiar like from the previous govt Floating the price and thinking about implementing GST?
Source: staronline - 🏆 4. / 75 Read more »