Thursday, June 05, 2008

Malaysian New Subsidy Plan

Malaysian Prime Minister, Abdullah Ahmad Badawi has announced the new petrol, diesel and gasoline price effective June 5, 2008.

New Plan :

Petrol --> RM2.70 (from RM1.92)

Diesel --> RM2.58 (from RM1.58)

  • RM625 annual cash rebate per vehicle, for owners of private vehicles with engine capacities of up to 2,000cc, as well as pickup trucks and jeeps with engine capacities of up to 2,500cc.
  • Owners of private motorcycles with engine capacities of up to 250cc will receive RM150.
  • Payment will be made via Money Order upon renewal of road tax, from July 1.
  • For owners of private vehicles with engine capacities exceeding 2000cc, road tax will be reduced by RM200.
  • Owners of private motorcycles with engine capacities above 250 cc will get RM50 reduction in road tax.


electricity rates also increased by 18% for homes and 26% for business users. The usage below 200kWh will not impact home user. 59% of Malaysian populations would still pay the same amount if the usage is less than 200kWh.

2 comments:

Rose said...

Since you're experiencing the changes first hand, do you think the subsidy will help in your case? Curious

farhan said...

subsidy sure will help.. but, how much the subsidy is another issue.
Malaysian government said the new price still one of the lowest in this region(compared to ASEAN countries which almost all are net oil importer, except Brunei). the fuel price in Iran,Venezuela, Saudi Arabia, Kuwait much cheaper, as they are net exporter of petroleum and petroleum derivative products.