Proposal for oil subsidy restructuring in Malaysia.
1. Prevent people from buying petrol using cash. All purchase must be done via card. Traceable purchase. Only small purchase is allowed RM10 cash for motor bike.
2. Track each vehicle mileage meter. Whenever one renew his road tax, correlate their petrol purchase with mileage. Then charge accordingly depending on
a) Vehicle type
b) Mileage used
c) Petrol purchased
d) If there is a mismatched called up for inquiry.
3. If high mileage, charged the excessive petrol purchased.
E.g. Yearly allocation per citizen is RM1200 or RM100 subsidy per month.
Petrol price different per liter RON95 vs RON97 : $1 per year. Monthly allocation of 100 liter.
4. Example, in 1 year, if petrol purchases is 1200 liter = 1200x 2.05 = RM2,406/=
Let said, Mr Ali used RM6000/- per year
RM6000 – 2,406 = RM3594
Total subsidy due = RM3594 / 2.05 = RM1753/- Due payable during road tax renewal.
5. Cross reference. RM6000/2.05 = 2927 liter.
Car petrol consumption is 15 km per liter.
2927 liter x 15 km/l = 43,905 km
There should be extra 44,905 km in your vehicle meter. Vehicle meter tempering will be fine rm10,000/=.
