COMMENT | This weekend, many may find themselves caught in long queues and rising tempers at petrol stations as the new RON95 subsidy scheme kicks in.
Under this plan, RON95 is fixed at RM1.99 per litre, but only up to 300 litres a month for each eligible driver. Once that limit is reached, the same fuel will still be available, but at the market price of around RM2.60 per litre, depending on global oil prices.
The process is designed to be straightforward. Drivers only need to verify their MyKad number through the official website, while the Setel app shows how much quota is left. Malaysians with a valid MyKad and an active driving licence qualify automatically.
Foreign-registered vehicles are completely barred from RON95 and must use RON97 instead. Foreigners driving Malaysian-registered cars can buy RON95, but only at the market price.
Through this targeted approach, the government projects annual savings between RM2.5 billion and RM4 billion. Officials claim these funds can be redirected to education, healthcare and infrastructure. Many agree it is time to...
