Overhaulin'

Car price after 1st May 2010?

Please verify whether this news is true ! PUTRAJAYA, Jan 8 - The mechanism for fuel pricing in Malaysia has finally been finalized and controlled under one mechanism, which also takes the high and lower income group people into consideration, according to Finance Trade Minister Tan Sri Anuar Ali."From May 1, the fuel will be pegged at RM 3.90 per litre for RON97,while RON95 will increase to RM 3.70 per litre. However, the prices of national-made vehicles will be lowered by at least 40 percent. For example, a full-spec family sedan Proton Persona 1.6 litre engine will cost around RM 23,000.00 excluding road tax and insurance. Import tax and excise duty will be revised to only 30 percent, from the current 200 percent. Imported vehicles such as the new Toyota Camry 2.4 litre engine will cost around RM 65,000.00." he said. The mechanics has been said to be undertaken by a team of experts fromAustralia and Canada who were earlier briefed on the issue of subsidy in this country, whereas after consideration by the transport minister,they have signed the constitution that the system will be made on May 1, the day it goes into effect.under the new system, there will be a major effect on the existing consumers who have already purchased a vehicle and to those who are in the midst of repaying the loan of their vehicle to their financial institutions. Ahmad Tajuddin said the government might also re-introduce a cash return annually to Malaysians who own a 1,500 cc and below vehicle. The amount have yet to be decided but he assured that the amount will compensate the price of fuel by at least half to eligible Malaysians based on bumi quota. Source:http://cforum6.cari.com.my/viewthread.php?tid=1844850

Public Comments

1. yes it seems to be true about the petrol price review to foreighn and local car.
2. Fake... 1) There is no such minister named Tan Sri Anuar Ali...the closest one is Open University Malaysia president... 2) Its either Finance Minister or Trade Minister...no such thing as Finance Trade Minister... 3) Actual price RON95 (without subsidy) is currently RM2.10..... they only giving for 30sen.
3. I do not know about fuel hike but if what you are saying is true...it is way way too expensive. Mind you our National Cars have already been sold much much cheaper in Saudi Arabia...We have already been sold out with our pants down, my fren. And I do not think the cash return will ever compensate our fuel expenses, not even close.