Higher fuel prices a burden to you even if you do not own motor vehicles
Starting from midnight tonight, Malaysians will be paying RM RM2.70 and RM2.58 for a litre of petrol and diesel respectively. That is a 40% for petrol and 64% increase each for diesel. The government is proud to say that the money saved from the reduction in the subsidy is returned back to the people via the RM625 per year cash rebate for cars and RM150 for motorbikes.
According to Khoo Kay Peng, independent political analyst:
The RM625 rebate is definitely insufficient. That’s only worth about three months of fuel and we’re talking about a 60 percent increase of fuel hike. …read more

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