New Targeted Petrol Subsidy Scheme Postponed Until Further Notice
Author Avatar


New Targeted Petrol Subsidy Scheme Postponed Until Further Notice(Image: The Star)

The government’s new targeted Petropetrol subsidy scheme, which was slated to commence on 1 January, has been postponed until further notice. The postponement of the new scheme was announced in a statement by Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail.

According to the minister, the government requires more time to inform and prepare the public for the targeted subsidy scheme. Saifuddin also added that more time was needed for the M40 group to register as subsidy recipients, a process that is being handled by the Ministry of Finance.

The postponement comes as yet another hiccup in the long-awaited implementation of the Pakatan Harapan government’s targeted petrol subsidy scheme. The fuel subsidy, aimed at assisting low-income B40 Malaysians, was first announced by Lim Guan Eng in November 2018 during the tabling of Budget 2019.

Nearly a year afterwards, the Domestic Trade and Consumer Affairs Ministry announced that the targeted subsidy was finally ready to be implemented on 1 January 2020. It was also revealed during the tabling of Budget 2020 about a week later that M40 Malaysians would get their own petrol subsidy under the new Kad95 programme, alongside the B40’s targeted petrol subsidy scheme.

For now, all Malaysians will continue to enjoy the bulk petrol subsidy that is keeping the RON95 fuel price capped at RM2.08 per litre – until the government is ready to start its new petrol subsidy scheme.

(Source: Domestic Trade and Consumer Affairs Ministry)


0 0 votes
Article Rating


Comments (1)

Notify of

1 Comment
Inline Feedbacks
View all comments
2 years ago


Top Featured Articles
Post Image
Best Fixed Deposit Accounts In Malaysia – August 2022
The RinggitPlus Team
- 1st August 2022
We provide monthly updates on the best fixed deposit rates in Malaysia with tables showing the top 5 rates for the duration of 1, 3, 6, 9, and 12 months.
Post Image
Malaysia Personal Income Tax Guide 2021 (YA 2020)
Jacie Tan
- 25th March 2021
NOTE: This is the income tax guide for the year of assessment 2020. If you are filing your taxes […]
Post Image
Everything You Should Claim For Income Tax Relief Malaysia 2021 (YA 2020)
Jacie Tan
- 12th March 2021
Editor’s note: this guide is for YA 2020. Visit our latest YA 2021 guide here. When filing our taxes […]
Post Image
How To File Your Taxes For The First Time
Alex Cheong Pui Yin
- 18th March 2022
If you’ve just entered the workforce, here’s a handy guide on how to file your taxes for the first time.

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image