The Malaysian Government has to ensure there is no leakage in the distribution as it seeks to reduce its subsidy bill.
Recently, seven (7) companies have put in bids to assist the Government to achieve the goal.
The fuel subsidy must be controlled and be given to Malaysians only.
There are many ways to achieve the goals. Examples are :-
a. using MyKad to pay petrol at selected petrol kiosk. Amount will be deducted from the bank account end of the month.
b. using Smartcard to pay.
The subsidy has another objective namely to "tier" the subsidy according to either engine capacity or income.
The result of the bid would be made known to the public around September this year.
Posted by Chai Yong of http://www.powerzone-biodiesel.com
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