RON95 based on market prices for high income group from June
Published on: Friday, October 24, 2014
BANGI: Starting June next year, the purchase of RON95 petrol for those in the high income bracket will be according to market prices, said Deputy Finance Minister Datuk Ahmad Maslan.He said the mechanism and methods of implementation were being finalised by the Finance Ministry and Domestic Trade, Co-operatives and Consumerism Ministry either through the use of MyKad or other cards."They will pay the cost of RON95 according to market prices. For example, if the price is RM2.58 sen, then it is RM2.58 sen," he told a news conference after presenting a talk on the Goods and Sales Tax (GST) for senior officers of the Regional and Rural Development Ministry and its agencies, here, Thursday.
ADVERTISEMENT
He said those in the low and middle income groups would continue to enjoy RON95 at subsidised prices."This system is more fair as only those qualified will receive the subsidy," he said, adding that a similar system would be implemented for diesel consumers starting January next year via the fleet card.Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
