How much can car and motorcycle owners save annually from fuel subsidies?

Question

Accepted Answer

Annual Savings for Car and Motorcycle Owners from Fuel Subsidies

Car and motorcycle owners can achieve annual savings through the fuel subsidy program, with the exact amount depending on fuel consumption and the specific vehicle type. For cars with an engine capacity of 1500cc and below, the subsidy is capped at 100 litres per month, potentially saving owners up to RM360 annually. Motorcycles with an engine capacity of 125cc and below can benefit from a subsidy capped at 40 litres per month, leading to a maximum annual saving of RM144.
Car Owner Annual Savings

For car owners, the fuel subsidy offers 30 sen per litre for RON 95 fuel, with a monthly limit of 100 litres for vehicles 1500cc and below. This cap translates to a maximum potential annual saving of RM360 for eligible car owners who utilize the full subsidy amount. For instance, a car consuming 60 litres of fuel per month would see a saving of RM18 monthly, accumulating to RM216 over a year.
Motorcycle Owner Annual Savings

Motorcycle owners also benefit from the fuel subsidy, receiving 30 sen per litre for RON 95, with a monthly cap of 40 litres for motorcycles 125cc and below. This provision allows for a maximum annual saving of RM144 for qualifying motorcycle owners. This translates to a monthly saving of approximately RM12 if the full 40-litre subsidy is utilised.
Subsidy Eligibility and Limitations

The fuel subsidy is specifically targeted at vehicles with smaller engine capacities. Cars are eligible if their engine displacement is 1500cc or below, while motorcycles must have an engine capacity of 125cc or below. Furthermore, individuals can only claim the subsidy for one vehicle, even if they own multiple cars or motorcycles.

Reading history

Hide →

This history is cleared when the page is closed.

How much can car and motorcycle owners save annually from fuel subsidies?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends