The Star<\/a>, how the government determine the eligibility will be using the household electricity bills to determine those who will be eligible for RON95 petrol subsidies or not!<\/p>\nDeputy Domestic Trade and Consumer Affairs Minister Chong Chieng Jen said in an exclusive interview with the paper\u201cThe use of electricity bills is only a reference point, \u201d. He also said that only those who are in the B40 category, with monthly bills of between RM100 and RM200, will be eligible.<\/p>\n
Those who are eligible will enjoy either a RM30 monthly subsidy, or a subsidy of 30 sen for every litre of RON95 petrol capped at 100 litres a month. Motorcyclists, meanwhile, will be given a subsidy of RM12 each month – as per the informed by our Deputy Domestic Trade and Consumer Affairs Minister Chong Chieng Jen.<\/p>\n
If you’re wondering how the fund will be transfer back to the recipient? Chong has informed that the funds will be transferred directly into a recipient\u2019s bank account, in line with the system announced by the government in July, which will see cash being directly given to lower income B40 households already enlisted for the cost of living aid (BSH) scheme, similar to that being done for the current BSH programme<\/p>\n
Once this RON95 subsidy is introduced,\u00a0 the price cap on the retail price of RON 95, which stands now at RM2.08 per litre, will be\u00a0removed by the government.\u00a0Based on Automatic Price Mechanism (APM) calculations, the current price of RON 95 petrol would be RM2.49 per litre without the price cap in place.<\/p>\n
Not sure whether this is a good move or not. Beneficial to B40 category but not so for the rest of the Malaysian. Tell us what your view? We want to hear it!<\/p>\n","protected":false},"excerpt":{"rendered":"
Many of us Malaysian have been questioning what will be the RON95 subsidy plan…<\/p>\n","protected":false},"author":20,"featured_media":5805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[89],"tags":[967,966],"class_list":["post-5802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ron95","tag-ron95-subsidy-plan"],"acf":[],"yoast_head":"\n
RON95 Subsidy Plan Is Ready To Roll Out?! - EverydayOnSales.com News<\/title>\n<meta name=\"description\" content=\"Rejoice as the \u00a0targeted RON95 subsidy petrol price has reportedly been finalised. Need to know the details of this subsidy. Read more here.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.everydayonsales.com\/news\/ron95-subsidy-plan-is-ready-to-roll\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RON95 Subsidy Plan Is Ready To Roll Out?! - EverydayOnSales.com News\" \/>\n<meta property=\"og:description\" content=\"Rejoice as the \u00a0targeted RON95 subsidy petrol price has reportedly been finalised. Need to know the details of this subsidy. 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Many of us Malaysian have been questioning what will be the RON95 subsidy plan ever after the election 2018. Rejoice as the targeted RON95 subsidy petrol price has reportedly been finalised and will be submitted to the Cabinet for approval in October<\/p>\n