Oh man....this is the so called good governance??!!

I'm starting to have a bad taste...

Would be very interesting how much subsidy will be given as oil price continue to rise..The tension between Iran, USA and Israel playing right now will push price higher.. PH have make abolishing GST and reduce oil price in 100 days a cornerstone of their manifesto..Now to walk the talk..

I think now the Weekly fuel mechanism no longer work! I think they will announce the fuel prices and mechanism in near term!

This post has been edited by alexleow81: May 11 2018, 11:01 AM

They always claimed good governance by plugging wastage. Damn obvious that they're populist and will want to subsidy here cut tax there.

As long as they can balance the books short-term at least. Longer term floating the petrol price and GST make sense, but politics wise they'll die immediately.

They just unduly cornered themselves from a sustainable and reasonable revenue source....

But realistically, all these cuts and there won't add up much as the country's productivity is low, average skills level below par and the wages remained suppressed. Add to the rather volatile MYR currency, any major shock externally will reflect on the goods prices really quickly....

https://oilprice.com/Energy/Energy-General/...-Next-Year.html Interesting to see how PH will handle this..

All the comments show that you've haven't read PH full manifesto. Anyone care to share their view on this, as it it has put down details on what they plan on to achieve this.

maybe their subsidy is base on gasoline market price deduct xx%?

but of course if the crude oil increase more, meaning revenue and profit is more. since oil reserve is a variation that will not change.

This post has been edited by iwubpreve: May 12 2018, 12:53 AM

Mekanisme penetapan harga petrol akan dikekalkan sementara kajian mekanisme baharu dilakukan - PM Dr Mahathir

Just saw from Bernama FB 1hr ago...

dang. thought it would stay peg at current pricing until current Gov find a solution

It will. What made you think it would be different?

TDM already announced the price is pegged until there is a suitable mechanism. From what I read, the B40 will be given a fixed amount of subsidized fuel per month, given through their IC.

Finally make use of citizen NRIC system that was so ADVANCE donkey years ago

Yes this is clearly in the Pakatan Harapan manifesto including the type of vehicle eligible for the subsidy.

Yes. We should encourage people to get energy efficient vehicle so that we burn less fuel. Buy less petrol, government don't have to subsidize too much. Those people who have performance vehicle or continental cars should be remove from the subsidy scheme.

If we allow like last time everyone can get cheap petrol, then government will just have their money drain to a sinkhole. So it's better that the government have a rebate system that cap at max RM50.

For those who require to travel long distance due to work requirement, the company should subsidize the petrol and not the government.

I'm glad that there are other people who sees this point.

But there are some people who wants cheap petrol regardless of household income or helping the marginalised communities.

The savings should go to other sectors like education or public health.

There are a great number of people who are well off and are still able to afford petrol at higher prices.

errmmm, i'm driving gen2, local car but heavy FC, so am I eligible for those subsidy?
House got another polo bought 55k due to pre-owned scheme, so this consider "continental" car and not entitle for subsidy? how come since it's cheaper than almighty myvi high spec?

grey area too wide...

Can always check one person owns how many cars with JPJ lor....
Can also check with income tax how much income you get....
Aiyah so simple

This post has been edited by Lone Wolf X: May 14 2018, 06:30 PM

Read the PH manifesto. B40 family & below 1.3L cc cars are eligible.

many will start to regret when they start implementing this...
educated younger gen easily falls in M40 category, and they contributed majority of car usage... onsite engineer, sales etc..

so if i'm falls in B40 category also, i would need to sell my gen2 @RM7k and purchase a Saga/Myvi 1.3 @30k above to entitle for subsidy? Many B40 category still driving Wira 1.5 i foresee...

suppose you got your gen2 cheap also right...why sell since thats already a saving...
use until when need change...then can consider swap...

unless they move away from CC as tax and measure...
maybe u can start seeing some B-C seg, conti or not...showing up with 1.0-1.3L range...
e.g. HRV maybe will show up as 1.0T?
Civic 1.8 maybe get replace with 1.0T version? lol

else maybe if they finally swap to like how others doing, use emission scale, or use HP scale...

nothing is perfect and no 100% right...so its up to gov which to focus first....