MalaysiaKini announced that the Malaysian Government will give cash for motorcyclists, small-car owners as subsidy for the fuel hike - according to a source. Other information leaked out of the Cabinet meeting this morning:
- Direct cash payments to motorcyclists and small-car owners when the price of petrol goes up. The payments are expected to be implemented through postal orders
- No increase for LPG cooking gas and NGV for taxis
- Gas subsidy to power industrial sector to be gradually reduced
- Extra tax on independent power producers (IPPs) and palm oil millers
Currently petrol sells for about RM1.92 a litre, among the cheapest in the region.
If petrol is to be sold at full market prices, it could be as high as almost RM4 a litre - about 100 percent above current levels.
2 Responses to "Free Cash for Bikes & Small Cars"
Personally, fuel price hikes won't hit me too bad... but it's the secondary price hikes of food, services, etc that's going to make me suffer.
:(
fuel price is going up... maybe it's time we all use NGV? :)
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