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[FONT=Courier][I]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 inthe 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.
-= Naza-Kia Forte =- <Club> V3, Leaves You Speechless
Jan 21 2010, 11:33 PM
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