Now it's the fact that the new price of premium leaded petrol (ULG 97) is RM2.70 per liter starting today (June 5th, 2008), it was announced yesterday by Prime Minister Datuk Seri Abdullah Ahmad Badawi at a news conference. The price for ULG 92 petrol per litre went up by 74 sen to RM2.62. Diesel will go up by RM1 per litre to RM2.58. Adding the price would be adjusted monthly based on the global oil price. Details available at theStar.com.my
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 today (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 access tax
Service tax threshold for restaurants and eateries
> Service tax now for restaurants with annual sales of RM3mil (previously RM500,000)
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