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
If read at a glance, probably one could get the surface value of the so called news report. Thus, it can be perceived as true. However, the authenticity of this kind of news is questionable.
Based on rusty old knowledge on Malaysia, I reckon that there is no ministry by the name of Finance Trade Ministry. There is a Finance Ministry, then the Ministry of Internataional Trade and Industry and the Ministry of Domestic Trade and Consumer Affair. Even the name of the Minister, Tan Sri Anuar Ali is never heard of. (There are too many Anuars in the Malaysian politics) The closest may be the Prof Tan Sri Anuwar Ali, who is the President and VC of OUM.
Who is Ahmad Tajuddin too? He sounds like the Tom, Dick and Harry's Ahmad Tajuddin on the streets.
Since that the price changes will "take in consideration of the high and low income group of people", what has the annual cash return (did the writer meant rebate?) got to do with the "eligible Malaysians based on Bumi quota"? IN the last oil price change in Malaysia, was the rebate given only to a certain people of a certain ethnic?
Skynet News? Never heard of it too. But, there is a courier service company by the name of Skynet.
Hopefully, this news is not true by the way the facts are written. Why create havoc again when the dust is settling?
Another rumour that needs to be checked for it truthfulness is the news that the COLA allowance for all government staffs will be forfeited retracted. For a start, the incredible source said that it has begun with the teachers.
Please, stop this baseless rumours. Full Stop.
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