RON95 subsidy rationalisation mechanism to use MyKad, two-tier pricing structure
The rationalisation of the RON95 subsidy will be implemented using the MyKad identification system and a two-tier pricing structure.
According to Second Finance Minister Datuk Seri Amir Hamzah Azizan, the complete mechanism for the rationalisation of the RON95 subsidy will be announced after the first half of this year.
He added that the mechanism is currently being refined and the government does not wish to announce any policy implementation in a rushed manner.
“We do not want to pre-announce something while we are still working on it because the most important thing is to ensure that the system is robust.
“We will use a two-tier pricing system, with both subsidised and non-subsidised prices. The system to be used in channeling the RON95 subsidy to eligible citizens will be through MyKad,” he stated.
Further commenting on the rationale for using MyKad in the implementation of the RON95 subsidy rationalisation, Amir Hamzah explained that this system has already been utilised in the Basic Rahmah Contribution (SARA).
He also emphasised that 85% of the population in this country will not be affected by the targeting of the RON95 subsidy that will be implemented in the future.
