Proposed New Pricing for Fuel in Malaysia

A new system is said to be underway and the D-Day is rumoured to be September 1st. The Malaysian government will be introducing a new system to ensure subsidised diesel and petrol is sold only to eligible (in other words, this is a price hike mechanism) commercial vehicles.

Domestic Trade, Cooperatives and Consumerism ministry (KPDNKK) secretary-general Datuk Seri Alias Ahmad said a similar system for private vehicles would be implemented in October or November, with details to be revealed at a news conference soon.

“The government is finalising a new system for about 3,500 petrol stations in the country to ensure the sale of subsidised diesel and petrol is made only to genuinely eligible vehicles.

“The government targets savings of RM9.8 billion through the implementation of the new system which is assured to be more efficient and effective,” he said on Saturday.

He added that the government was confident that the new system could curb abuses and leakages, hence economic wastage, in the distribution of subsidised diesel and petrol.

Until the system is implemented in September, KPDNKK has limited the sale of diesel and petrol by kiosks at the Kelantan-Thai border to 600,000 litres per month each.