Showing posts with label Oil price raise. Show all posts
Showing posts with label Oil price raise. Show all posts

Hi guys,

Since Malaysia government going to implement the cash rebate RM625 to those vehicle below 2000cc. Quickly come and count your new petrol price (our petrol price raised up to 40% which is RM2.70 per litre. )





If let say your estimated monthly fuel consumption is RM400.
Then the below result shows your expenses based on the new fuel price.
Click on the below image to enlarge it.

KUALA LUMPUR, Thursday – Pos Malaysia Berhad (PMB) today announced that in line with yesterday’s decision made by the Government on fuel subsidy, PMB has been appointed as the agent for disbursement of this subsidy to eligible vehicle owners. Eligible Malaysians can start to claim the subsidy at all 686 post offices countrywide effective on 1 July 2008.

As announced by the Government, vehicles with valid Road Tax from 1 April 2008 until 31 March 2009 are entitled for the annual subsidy. Owners of cars up to 2,000 cc as well as pick-up trucks and jeeps up to 2,500 cc will receive RM625 for each vehicle. Motorcycles up to 250 cc will receive RM150 each.


Vehicle owners who come personally to make the claim at post offices shall be paid in cash. Those who appoint third parties to claim on their behalf shall receive the Money Order that will be mailed directly to the owner’s address that is furnished to PMB when making the claim.

A day after the new fuel subsidy scheme has been announced, lots of people felt disaffection and totally affected the "Rakyat" living standard.

While government announced that a cash rebate RM625 will be given to a car with capacity less than 2000cc moment, have you ever think that the new fuel subsidy scheme is in doubt? Maybe the new fuel subsidy scheme was not clearly explained that day, quite a number of questions flying around me.



If let say Uncle Peter got many many cars in house, but most of the cars are not usable all the time since the cars life considered old and not capable (refer to the above images). However with the new fuel subsidy scheme implemented now, believe that Uncle Peter will gained RM625 per car. Totally earned RM1250. Wow......Uncle Peter even not need to buy any petrol but still can enjoy the subsidy.

Can you imagine that? Go and buy the old car now......you will become rich with the new fuel subsidy scheme. Why not?
Somemore, with this new fuel subsidy scheme, how to verify the eligible vehicle owners?
I just worry those "phantom" eligible vehicle owners come to reimburse the claims since our government still haven't a sophisticated system to indicate yet.

Abdullah government will raise the fuel price according to international market and announce a new fuel subsidy which will take effective on 5th June 2008.

All the while, Malaysian having the petrol subsidy from goverment which currently RM1:90 per litre. "From August onwards, the feul price will be raise up and the provision that subsidies should still be enjoyed by Malaysians not ont he basis of use but on the basis on need." Suggested by Finance minister.

However, the suggestion still haven't finalise yet because it is quite difficult to define a fair and perfect schema for subsidy. Some rumor of the subsidy is based on the income, higer income group will entitle less subsidy whereas lower income groups will entitle more subsidy.

Some rumor on car basis. Big car for less subsidy, small car for more subsidy. From the above two suggestion, we can know that this could be bring benefits to lower-income group. Many judgement spreading here and there.

According to feul price raising plan, one of the main purpose is to ban the genius visitors or tourists are filling up at local stations and then turn back. They ban on the sale of fuel to foreign-registered cars in the northern border towns as you know recently most of the country have been affected by the oil and gas price raise issue.

Anyway, as a Malaysian we hope that the new implementation will bring benefits to both way either government or public.

As a the finalise result, Adullah anounced the new feul scheme just now (4th June 2008). Adullah anounced the petrol price hike up to 40% from RM1.92 to RM2.70. Those car with capacity less than 2000cc will have cash rebate RM625 per year, this is effective from July.

See how do Malaysia driver's reaction on petrol price hike