If you drive BMW or luxury car, no more fuel subsidy for you soon. Should Singapore do the same?

[SBFNews]

Azmin: BMW cannot enjoy fuel subsidy

KUALA LUMPUR: The government is planning a targeted fuel subsidy mechanism that is likely to see the rich paying more.

This move is to cushion the country from the impact of rising crude oil prices, said international trade and industry minister Azmin Ali.

He said the fuel subsidy mechanism was meant to benefit the lower-income group.

“We talked about the review at a special retreat recently.

“Those with BMWs cannot enjoy the same subsidies as those driving a Kancil,” Bernama quoted him as saying during a press conference on the trade and investment promotion mission to the US today.

Azmin said the government is still working on a suitable structure following the sharp jump in the fuel subsidy projection for 2022 to RM28 billion, compared to RM11 billion in 2021.

Last month, Petronas Dagangan Bhd disclosed that it had been working closely with the finance ministry on the increase of the fuel subsidy bill amid near-record high prices for crude oil.

Economic affairs minister Mustapa Mohamed also said recently that the government is still working on a suitable structure for the targeted fuel mechanism and this was expected to be completed soon.

https://www.freemalaysiatoday.com/category/...ils-says-azmin/

 

[Hypocrite-The]

There should never be a general fuel subsidy in the 1st place...now all these m&ds are doing is using a band aid solution to cover a dumb ass policy..

 

[syed putra]

They have been talking about this since time of badawi. That was 15 years ago. Still cannot fix.
Other asean countries have abandoned fuel subsidies except malaysia.

 

[Hypocrite-The]

They have been talking about this since time of badawi. That was 15 years ago. Still cannot fix.
Other asean countries have abandoned fuel subsidies except malaysia.

It's a political hot potato. Just like the bumi policy

 

[tobelightlight]

Drive electric car and solve all problems.

 

[syed putra]

Drive electric car and solve all problems.

I was told it cost a bomb to charge electric cars in jiu hu. No standard rates. It depends on who owns the charging station.

 

[millim6868]

This is a stupid strategy all vehicles should be paying same price, stupid mudland ideas,lol,

 

[Leongsam]

There are no fuel subsidies in Singapore. The more fuel you burn the happier the government is.

 

[plzhelpme]

KNN

Chao Turtle suggest all ride e-bikes or PMDs.
No fuel required.

Or take bus and mrt.

Or walk.!!

 

[laksaboy]

This is what happens when a country is sold out to the BlackRock mafia.

You'll see plenty of concern shilling regarding 'carbon emissions' or 'carbon neutrality' etc.

 

[syed putra]

It's a political hot potato. Just like the bumi policy

Maybe. Election is coming. And current PM is umno.