Wednesday, June 04, 2008

....But there's rebate too...

From The Malaysian Insider
To offset the higher fuel price, the government will offer rebates to motorists.
Under the scheme, vehicles below 2,000cc will receive a RM625 rebate annually to compensate for 800 litres of fuel used under the new price.
Motorcycles will be given a rebate of RM120. The money will be paid through postal orders.
Besides fuel, the government subsidises and control prices on a list of essential items to keep prices low, but fuel subsidy constitutes the biggest expenditure to stabilise prices.

The new subsidy scheme will save the government RM4 billion, said Shahrir. Read more here.

...let see, from my understanding of the above, for cars below 2,000 cc there's a rebate of RM 625-00 to compensate 800 litres of fuel used (per annum). That's about 66.66 litres of monthly usage only... ...mmmmm...
(Pic: Malaysiakini)

No comments: