POS MALAYSIA TO DISBURSE FUEL SUBSIDY ON 1 JULY 2008

KUALA LUMPUR, Thursday – Pos Malaysia Berhad (PMB) today announced that in line with yesterday’s decision made by the Government on fuel subsidy, PMB has been appointed as the agent for disbursement of this subsidy to eligible vehicle owners. Eligible Malaysians can start to claim the subsidy at all 686 post offices countrywide effective on 1 July 2008.

As announced by the Government, vehicles with valid Road Tax from 1 April 2008 until 31 March 2009 are entitled for the annual subsidy. Owners of cars up to 2,000 cc as well as pick-up trucks and jeeps up to 2,500 cc will receive RM625 for each vehicle. Motorcycles up to 250 cc will receive RM150 each.

Vehicle owners who come personally to make the claim at post offices shall be paid in cash. Those who appoint third parties to claim on their behalf shall receive the Money Order that will be mailed directly to the owner’s address that is furnished to PMB when making the claim.

Further details of the procedures and related documents required for the claim will be announced soon.

“PMB, through its extensive network of 686 post offices countrywide will be ready to serve our customers in handling the subsidy payments in a convenient and timely manner,” said Datuk Abu Huraira Abu Yazid, Acting Managing Director / Group Chief Executive Officer of PMB.

Customers are welcomed to contact PMB’s Customer Service Centre through PosLine at 1-300-300-300 (except on the 1^st Saturday of the month) or visit our website at www.pos.com.my or the nearest post office should they have any enquiries or feedbacks.

Comment from viewer on Malaysia today:

Ni komen dari slah sorang pembaca Malaysia today,,,

Komen 1

Yeah, yeah, yeah. The petrol price in Malaysia is only RM2.70=US$0.84 per litre, the petrol price in Singapore is RM5=US$1.50, and in US RM4=US$1.25.

But the average income of a Singaporean is 5 times that of a Malaysian, and the average income of an American is 6 times that of a Malaysian!

(Per capita income i.e. average income for each citizen: Malaysia US$6,948, Singapore US$35,163, US US$45,845)

If a person uses 2,000 litres (typical) of petrol in a year in Malaysia, that will take up (2000x0.84)/6948= 24% of his income. But the same usage in Singapore only takes up (2000x1.50)/35,163= 8% of his income. Similarly, the same usage in the US only takes up (2000x1.25)/45,845= 5% of his income.

Is the petrol price in Malaysia still cheap?

Detail surf sendiri ke http://www.malaysia-today.net/2008/content/view/8459/84/