Malaysian government going to limit the amount of petrol vehicle owner can buy
Datuk Seri Ismail Sabri Yaakob, Minister of Domestic Trade and Co-operatives and Consumerism today said, ” The Government if planning to bring a rule which would limit the amount of subsidized petrol a vehicle owner can buy each month”.
According to Mr.Sabri – This rule would stop people who buy subsidized petrol in large amount and then store it in drums to sell to other people at high prices who are not eligible for the subsidized petrol. It would also help to stop the illegal trading of petrol at border areas to Thailand.
The market price for RON 95 is RM2.10 but after subsidizing it is being sold in just RM1.8. According to Mr. Sabri – this rule would be beneficial for people who live in small towns and work very close to their places. But it could create problems for people who travel large distances frequently.
According to Mr.Sabri ” If car is registered at name of different owners like child , wife – then each person would be eligible for subsidized petrol. The foreigners and tourists have to buy the petrol according to the market price only.”
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