Preparations for the RON 95 petrol subsidy rationalisation programme proceed, with the federal government saying that it’s at present engaged on getting petrol station operators to improve their methods to make sure there will likely be no queues on the pump when the programme – which can utilise Mykad for the required verification – is applied.
In line with second finance minister Datuk Seri Amir Hamzah Azizan, the transfer will enable the cost system to recognise every buyer’s eligibility for the subsidy by way of his/her MyKad, with the intention being to make the filling course of as clean as it’s now, FMT experiences.
“We need to be sure that prospects don’t expertise any vital modifications when the gasoline subsidy rationalisation takes impact. What we don’t need is for folks to must line as much as declare their subsidies after they go to the petrol station versus now after they can full their transaction in a couple of minutes,” he mentioned.
He mentioned he was assured that the federal government will have the ability to implement a system – which is more likely to be based mostly on a two-tier pricing format – that may be adopted in any respect petrol stations earlier than the tip of the 12 months.
He added that the federal government’s choice to utilise the MyKad would offer it with an efficient mechanism to forestall leakages, citing the profitable implementation of the Sumbangan Asas Rahmah (SARA) programme, which had over 5.4 million recipients as of April 1, for instance.
“Greater than 4,000 retailers have already got the SARA system up and working. The quantity is loaded by way of the MyKad system, and the beneficiaries will obtain both RM50 or RM100 to buy important items. It’s not past motive that we are able to get the identical consequence with the RON 95 focused subsidy rollout,” he said.
At present, the unsubsidised value of RON 95 as offered by gasoline retailer Double Petrol is RM2.58 per litre (July 4), which makes it 53 sen greater than the subsidised RM2.05 per litre that has been in place because it was capped by the federal government in February 2021.
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