Double Fueling System?

I just heard it over the news just now that we would have a double fueling system. I can’t find any information online but once I do I will update it here.

From what I heard earlier on the news, the system would be that locally registered cars will pump government subsidized fuel while foreign registered cars will have to pay the market prize for the fuel. So meaning we would pump RM2.70 and the foreigners will pump whatever the market price is.

They said that this system would have 2 advantages. One is that the the government would benefit financially and the second is that, we as consumers know the real market price.

Well for me, I seriously think that the second advantage is not really an advantage. The only thing that we will know is how much the government is subsidizing. So how is that a advantage to us consumers? But seriously, I think this system is a good good one. But it is only good if it is not subjected to fraud.

I see that there are loopholes in the system itself. First being, how are we going to monitor the pumping process? We need a good monitoring system so that foreigners don’t “accidentally” pump our subsidized fuel. And secondly, what will happen if that “accident” does happen. Also, there might be possibilities where unscrupulous people with foreign registration number car may try to pump subsidized fuel by changing their car registration number prior to entering a petrol station.

But anyhow, this is just what that come to my mind when I heard the news earlier as there were not much information released. I believe the government will throughly look into this matter and will implement this system as soon as all matters are sorted out. It is a good system but its execution must be flawless or it will hurt our government’s already bad reputation. And with the current political turmoil, our government is threading a dangerous path.

UPDATE :

Monday June 23, 2008

Separate pumps for foreigners

KUALA LUMPUR: The Government has agreed to implement a dual pump system at fuel stations in border areas so that foreigners do not buy fuel at subsidised prices.

Deputy Prime Minister Datuk Seri Najib Tun Razak said, under the separate pump system, local citizens buy fuel at subsidised prices while foreigners had to pay current market prices.

“The system has two benefits; foreigners will pay for petrol at the current price and Malaysians will know the actual market price of petrol,” he said.

Najib said the system was based on Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad’s suggestion.

Shahrir said the fuel station operators were agreeable to the new system. – Bernama

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