The Changes
Price increase
Petrol – RM0.78/litre
Diesel – RM1/litre
Electricity:
Commercial and industrial – 26%
Retailers and small restaurant operators – 18% (for first 200kWh per month)
Residential – new pricing structure for users above 200kWh per month
Prices effective 05/06/08 (per litre)
Petrol – RM2.70 (previously RM1.92)
Diesel – RM2.58 (previously RM1.58)
Rebates
> RM625 per year
For private vehicle with engine capacity of 2000cc and below, including private pickup trucks and jeeps with engine capacity of 2500cc and below.
> RM150 per year
For each private motorcycle with engine capacity of 250cc and below
> RM200 reduction on road tax
For private petrol and diesel vehicles with engine capacity above 2000cc
> RM50 reduction on road tax
For private motorcycles with engine capacity above 250cc
Streamlined diesel subsidy
(for approved transportation companies, vessel owners and fishermen)
> Diesel – RM1.43 per litre (previously RM1 per litre for fishermen and RM1.20 per litre for vessel owners)
> RM200 per month for every owner and employee of Malaysian-owned vessels registered with the Fisheries Department
> 10sen per kilo incentive for every kilogram of fish caught by registered vessels
> 10sen per litre for every litre of diesel used by river transportation operators according to approved quota
Gas subsidies restructure
(for Peninsular Malaysia)
> For power producers – from RM6.40 per mmBtu to RM14.31 per mmBtu
> For industrial users (consuming less than 2mmscfd) – from RM9.40 per mmBtu to RM24.54 per mmBtu
> For industrial users (consuming above 2mmscfd) – from RM11.32 per mmBtu to RM32.56 per mmBtu
Electricity tariff restructure
> Households using 200kWh and below every month will not be affected. This covers 59% of households in Peninsular Malaysia with a monthly bill under RM43.60.
> Commercial and industrial users face 26% increase. Small retail and business outlets consuming under 200kWh per month face 18% increase.
Liquefied Petroleum Gas (LPG) and
Natural Gas for Vehicle (NGV)
> No change. Prices remain at RM1.75 per kg (LPG) and RM0.635 per litre (NGV)
Oil palm windfall tax
> For Peninsular Malaysia 15% for every tonne of CPO exceeding RM2,000
> Sabah and Sarawak 7.5% for every tonne of CPO exceeding RM2,000 > Abolition of cess tax
Service tax threshold for restaurants and eateries
> Service tax now for restaurants with annual sales of RM3mil (previously RM500,000)
