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 Malaysian Estimated Weekly RON95/RON97 Price, RON95 ◆, RON97 ◆ on 7/3 (Estimation)

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ycs
post May 16 2018, 03:07 PM

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madey just said fuel prices remain unchanged in PC
dkcheong1127
post May 16 2018, 03:34 PM

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QUOTE(dinozilla @ May 14 2018, 09:55 PM)
Aside from Perodua, and Proton 1.3 Iriz etc, i can only find these below 1300
Ford Fiesta 1.0 Sports
Peugeot 208 1.2 PureTech
Renault Captur TCe 120
Renault Clio GT 1.2T
VW Vento
Kia Picanto

Not small number also....
anyway...they also excluded Electric car in that sense...
but anyway all these above and e-Car is definitely not B40 range...M40 may try for it...until whole pic clear...no point debating...
aside from looking at affordability, should we also start looking at fuel it burns....
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i hope gov not subsidy based on capacity, if below 1300cc, both new myvi and saga not eligible too, myvi 1329cc, saga 1332cc
Ckmwpy0370
post May 16 2018, 04:35 PM

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https://www.nst.com.my/news/nation/2018/05/...ays-dr-mahathir
6UE5T
post May 16 2018, 04:41 PM

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QUOTE(dkcheong1127 @ May 16 2018, 03:34 PM)
i hope gov not subsidy based on capacity, if below 1300cc, both new myvi and saga not eligible too, myvi 1329cc, saga 1332cc
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Subsidy purely based on car's engine size is just too simplistic and unfair, just like the road tax regulation. sweat.gif
jamespaul
post May 16 2018, 04:51 PM

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QUOTE(6UE5T @ May 16 2018, 04:41 PM)
Subsidy purely based on car's engine size is just too simplistic and unfair, just like the road tax regulation.  sweat.gif
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Yes. But I am also unsure what is the best mechanism..

Subsidizing based on MyKad, will slow down the transaction, and may cause abuse. Taking my son's MyKad to purchase among others.

Subsidizing based on fuel type seems more balance, an introduction of Ron 91, pricing it at RM1.50 while Ron 95 and ron 97 to be daily float (which would mean around 2.40 to 2.60). Since, most higher tech cars require Ron95.

Unless, they provide BRIM in the form of petrol vouchers, then it fixes the issue. Anyone who wants to get cheap fuel, apply and submit salary slips.

Thinking out loud here.


6UE5T
post May 16 2018, 05:04 PM

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QUOTE(jamespaul @ May 16 2018, 04:51 PM)
Yes. But I am also unsure what is the best mechanism..

Subsidizing based on MyKad, will slow down the transaction, and may cause abuse. Taking my son's MyKad to purchase among others.

Subsidizing based on fuel type seems more balance, an introduction of Ron 91, pricing it at RM1.50 while Ron 95 and ron 97 to be daily float (which would mean around 2.40 to 2.60). Since, most higher tech cars require Ron95.

Unless, they provide BRIM in the form of petrol vouchers, then it fixes the issue. Anyone who wants to get cheap fuel, apply and submit salary slips.

Thinking out loud here.
*
I actually would love to have lower ron fuel at much cheaper price because actually one of my cars does not need ron 95! So the subsidy is not exactly on target there coz people like me can still enjoy it. biggrin.gif Furthermore that can be easily abused as people can just fill up their cars with the lower ron even though not ideal for the car.

Petrol vouchers might be able to target more fairly but it's a limited subsidy, so there's a ceiling only up to certain amount of purchase and not every time. And then there can still be subject to abuse and even black market fuel if not controlled tightly.

Such targeted subsidy is really easier said than done, but we'll see.
dinozilla
post May 16 2018, 07:50 PM

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QUOTE(jamespaul @ May 16 2018, 04:51 PM)
Yes. But I am also unsure what is the best mechanism..

Subsidizing based on MyKad, will slow down the transaction, and may cause abuse. Taking my son's MyKad to purchase among others.

Subsidizing based on fuel type seems more balance, an introduction of Ron 91, pricing it at RM1.50 while Ron 95 and ron 97 to be daily float (which would mean around 2.40 to 2.60). Since, most higher tech cars require Ron95.

Unless, they provide BRIM in the form of petrol vouchers, then it fixes the issue. Anyone who wants to get cheap fuel, apply and submit salary slips.

Thinking out loud here.
*
By fuel type won’t work
Bcoz other than high performance car
Those standard c-seg above $100k n some luxury can deal with lower ron
It really depends what is the focus of gov in term of fuel
Environmental benefit? Emission standard
For the poorer? BR1M type of petrol card
For the performance level? HP output
Not easy, tats y not so until today lol

muscaa
post May 18 2018, 03:06 AM

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Time to close this thread - PM has scrapped the weekly petrol price announcement
zeng
post May 18 2018, 02:41 PM

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Many thanks to TS.
A great job well done.
Invince_Z
post May 18 2018, 02:55 PM

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QUOTE(jasonhanjk @ May 14 2018, 09:44 PM)
Mistaken identity bro. I'm Jason Bourne.
Currently still a lot of unknown. I really hope they just simplify to one mykad peg to one car below 1.3 and give a cap subsidy. Digging into the income from hasil may take even longer time to implement and a portion of Malaysians don't file income tax.

LGE in charge of petrol price?
*
more reason for LHDN to enforce income tax filing.


QUOTE(dinozilla @ May 15 2018, 10:56 AM)
IC can be one to be used...but u can't pay fuel with it i assume...
anyhow one of the best reference in the industry is the fleet card
e.g. Petrol company (like Shell) has been given their employee a type of credit-card like card (Shell card?)
When employee refuel with that card, rebate is credit on top at bill cycle n settle by employee...

In this case gov actually can create some kind of B40 card, maybe in the form of prepaid.
holder of the card can use that to pay on refuel
and i pretty sure of coz to avoid abuse, a certain cap/max ceiling usage can be control from there (aside from commercial 1, personal usage shouldn't go too far off)

What I can envision is to have
RON95 is float in a bucket range (gov maintain it within a certain range based on their capability to contain it to help the ppl ease through)
B40 will get the card which can allow them to pay for it at a discounted price vs the above general public (with a cap like probably 200L/mth?)
RON97+ (mainly premium car use) unsubsidised or a lower subsidy %
*

the fleet card is similar to what gov use for their vehicle fuel purchase, they have 2 cards...payment card and vehicle card. but such method bound to misuse without proper sop when used publicly.

dinozilla
post May 18 2018, 08:47 PM

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QUOTE(Invince_Z @ May 18 2018, 02:55 PM)
more reason for LHDN to enforce income tax filing.
the fleet card is similar to what gov use for their vehicle fuel purchase, they have 2 cards...payment card and vehicle card. but such method bound to misuse without proper sop when used publicly.
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Can do...
just impose a reasonable limit in the card...
say your target subsidy is 20%
then max fuel per month is 300
contoh: so if u used up to 300, your 300 will be rebate to 240
exceeded amount will not be applied with 20% reduction
(like Maybank Amex now say 5x TP only for petrol below 500, similar algorithm would do, don think can't)

the other way round... prepaid...you can load the card with whatever pre-loaded amount.
and you are cap to use 300 max at a subsidised rate. exceeded and your subsequent refuel is normal rate...

Invince_Z
post May 19 2018, 02:13 PM

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QUOTE(dinozilla @ May 18 2018, 08:47 PM)
Can do...
just impose a reasonable limit in the card...
say your target subsidy is 20%
then max fuel per month is 300
contoh: so if u used up to 300, your 300 will be rebate to 240
exceeded amount will not be applied with 20% reduction
(like Maybank Amex now say 5x TP only for petrol below 500, similar algorithm would do, don think can't)

the other way round... prepaid...you can load the card with whatever pre-loaded amount.
and you are cap to use 300 max at a subsidised rate. exceeded and your subsequent refuel is normal rate...
*
i mean users can share their subsidy, that's where it'll leak.
dinozilla
post May 19 2018, 04:54 PM

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QUOTE(Invince_Z @ May 19 2018, 02:13 PM)
i mean users can share their subsidy, that's where it'll leak.
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Can
U can’t stop if they want to
That’s why the card should have a “reasonable” cap, which is make sense for the holder, not “more than” what needed lol

6UE5T
post May 19 2018, 05:39 PM

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QUOTE(dinozilla @ May 19 2018, 04:54 PM)
Can
U can’t stop if they want to
That’s why the card should have a “reasonable” cap, which is make sense for the holder, not “more than” what needed lol
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But that means the so called 'targeted' subsidy will still miss the target a bit or can still be subject to abuse or profiteering. That's why Indonesia also has not yet been able to do it and still resorting to subsidy for all.
Invince_Z
post May 19 2018, 06:09 PM

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QUOTE(dinozilla @ May 19 2018, 04:54 PM)
Can
U can’t stop if they want to
That’s why the card should have a “reasonable” cap, which is make sense for the holder, not “more than” what needed lol
*
the best way is to use ic as identification with fingerprint and pin to confirm transaction. i'm not sure jpn will be willing to share their info. it'll endanger our personal info to outside unwarranted access.


QUOTE(6UE5T @ May 19 2018, 05:39 PM)
But that means the so called 'targeted' subsidy will still miss the target a bit or can still be subject to abuse or profiteering. That's why Indonesia also has not yet been able to do it and still resorting to subsidy for all.
*
previously bn moved the subsidy to brim, reduce tax and other direct subsidy method.

This post has been edited by Invince_Z: May 19 2018, 06:10 PM
dinozilla
post May 20 2018, 11:22 AM

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QUOTE(Invince_Z @ May 19 2018, 06:09 PM)
the best way is to use ic as identification with fingerprint and pin to confirm transaction. i'm not sure jpn will be willing to share their info. it'll endanger our personal info to outside unwarranted access.
previously bn moved the subsidy to brim, reduce tax and other direct subsidy method.
*
Something like Apple's Secure Enclave technology?
Invince_Z
post May 20 2018, 12:41 PM

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QUOTE(dinozilla @ May 20 2018, 11:22 AM)
Something like Apple's Secure Enclave technology?
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do you mean storing the fingerprint in form of encryption key?
6UE5T
post May 20 2018, 11:04 PM

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QUOTE(Invince_Z @ May 19 2018, 06:09 PM)
the best way is to use ic as identification with fingerprint and pin to confirm transaction. i'm not sure jpn will be willing to share their info. it'll endanger our personal info to outside unwarranted access.
previously bn moved the subsidy to brim, reduce tax and other direct subsidy method.
*
Let's see if Malaysia can really do a proper targeted subsidy. I'm not so optimistic though but who knows.
Invince_Z
post May 21 2018, 08:52 AM

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QUOTE(6UE5T @ May 20 2018, 11:04 PM)
Let's see if Malaysia can really do a proper targeted subsidy. I'm not so optimistic though but who knows.
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there have been plenty of targeted subsidy, it's not necessarily in form of petrol subsidy, the brim, rumah mampu milik, bantuan jkm/nelayan, kad siswa, ptptn (for those achieved 1st class), income tax exemption, duty stamp exemption and many others are also a form of targeted subsidy. the implementation of petrol subsdy would be quite tricky. anyway, there's always loophole in any forms of subsidy offered. what's important is reducing the loophole.

This post has been edited by Invince_Z: May 21 2018, 08:57 AM
SUSjasonhanjk
post May 21 2018, 09:52 AM

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QUOTE(Invince_Z @ May 18 2018, 02:55 PM)
more reason for LHDN to enforce income tax filing.

*
What if they don't file? Fine them?
There are still Malaysians out there don't have internet, electricity and access to clean water.

The policy must benefit the poor but also prevent too much wastage.

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