ALERT: Your MyKad Could Make Petrol More Expensive – Here’s Why!
Malaysia’s Petrol Prices Are Changing – Will You Pay More?
KUALA LUMPUR – Brace yourself, Malaysia! The government is rolling out a two-tier fuel subsidy system for RON95 in June, and your MyKad will determine how much you pay at the pump. Finance Minister II, Datuk Seri Amir Hamzah Azizan, has confirmed that the system will differentiate petrol prices based on eligibility, ensuring that subsidies only go to those who truly need them.
“The mechanism is being fine-tuned to ensure robustness before its official rollout,” he said at a press conference after launching the new open payment system for the Rapid KL On-Demand (DRT) at the KL-Rapid Depot in Cheras.
How the Two-Tier Fuel Subsidy Works
This MyKad-linked system will work similarly to the Sumbangan Asas Rahmah (SARA) programme, which currently allows over 700,000 beneficiaries to use their MyKad for essential purchases at 3,500+ participating stores.
Starting April 1, 5.4 million Malaysians will gain access to MyKad-based aid. This same technology will be used to determine your eligibility for cheaper RON95 fuel.
Even better, the MyKad-based subsidy will expand beyond Peninsular Malaysia to Sabah, Sarawak, and Labuan, ensuring fair access to subsidies nationwide.
Who Qualifies for the Subsidy?
Up to 85% of Malaysians are expected to benefit from the targeted subsidy. The system aims to eliminate misuse while making sure subsidies reach the right people.
Petrol Prices Going Up? Sell Your Car Before It’s Too Late!
If your fuel costs are about to skyrocket, it might be time to sell your car in Malaysia and switch to something more fuel-efficient! Motorist Malaysia makes selling your car fast and easy:
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Malaysia Petrol Prices Will Keep Rising – Act Now!
With the two-tier system in place, non-subsidised RON95 fuel prices could increase significantly. If you’re still driving a fuel-guzzler, now’s the time to sell your car online and upgrade to a cost-saving alternative.
Click here to sell your car before prices surge!
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