00:00The Ministry of Economy and Trade supports the two-tier price mechanism for the RON95 subsidiary
00:07by emphasizing that this mechanism is more efficient compared to providing tax assistance to the people.
00:13Mara Tan Pek Leong, Director of the University of Technology, said that this system ensures that only individuals who are eligible to receive subsidies
00:21while reducing the flow of money to high-income groups.
00:25He also stated that the use of MyCard or e-DomPack as a payment mechanism
00:30will help to smooth the distribution of subsidies, reduce fraud,
00:35and allow the government to set a subsidy limit for a better control of spending.
00:41Economy expert Jeffrey Williams also said that the two-tier price system is the best mechanism for RON95 subsidiaries
00:48because it allows a small amount of petrol to be purchased at a subsidized price,
00:52while the purchase in large quantities remains without subsidies.
00:56He emphasized that this approach has been successfully applied in the electric subsidy.
01:02In addition, Williams also argued that the price system is better in controlling inflation
01:08if introduced in sections.
01:11However, he did not agree with the use of MyCard or e-DomPack
01:15because he was concerned that the subsidy vouchers could be forged or traded in the dark market.
01:20Last year, Minister of Economy Raffi Z. Ramli informed the House of Representatives
01:24that the government will implement a two-tier price system for RON95 subsidiaries
01:30because this system has a lower risk of inflation compared to cash.
01:36Haile Izati, FMT.
