menu-icon
caricarzlogo
caricarzlogo

‘T15’ Classification Set To Account Locality, Disposable Income

Auto News
KS | 28-10-2024 04:15 PM


Economy Minister Rafizi Ramli announced earlier today that details for the T15 group classification exempt from receiving subsidies such as RON95 fuel subsidy are being finalised in collaboration with the Ministry of Finance and will be presented to the Cabinet for approval.

The framework, expected to be completed within a month, will define the T15 group based on locality rather than applying a national definition, as done in previous policies.

Rafizi explained that living standards and expenses vary significantly by area, hence a blanket definition of T15 for the whole country is unjust. He went on to say, "For example, someone earning RM15,000 in Kuala Lumpur may not be considered as wealthy as someone earning RM15,000 in Gua Musang."



Speaking to reporters after a stakeholder engagement session for the 13th Malaysia Plan (RMK13) in Melaka, Rafizi added that the T15 classification will be guided by household net disposable income and will also take into account the number of dependents and the basic cost of a decent living.

He further went on to define that, "a decent life is not just about having a home and access to food and drink but also includes the ability to participate in social activities, entertainment, and maintaining good health."



Could this mean that the usage of the PADU database still remains in the picture as Anwar had not touched on this of late.

The debate with regards to T15 generalised classification has over the recent week kicked off quite a storm after Prime Minister Anwar Ibrahim announced it during the tabling of the 2025 Budget cited it as an example without providing proper clarification.



This had led to backlash from multiple parties with some calling for a reassessment of household income classifications to ensure that those in need are not excluded from aid and, critically, the impending rationalised RON95 fuel subsidies.

Anwar had recently also criticised individuals advocating for subsidies for the T15 group, despite incomes ranging from RM100,000 to RM1 million.




Source: The STAR
Subscribe to Newsletter
Car Recommended For You
Is your income hurting your decision to purchase a new car?
Worry not, Elysia, our Search Hero, will provide you with solutions for finding your dream car within your given income range!
Income Range
Monthly Installment (5 Years)
Below RM 2,000
530 Models
RM 200 - RM 400 / Month
RM 2,000 - RM 2,500
528 Models
RM 300 - RM 500 / Month
RM 2,500 - RM 3,000
499 Models
RM 400 - RM 600 / Month
RM 3,000 - RM 3,500
442 Models
RM 500 - RM 700 / Month
RM 3,500 - RM 4,000
414 Models
RM 600 - RM 800 / Month
RM 4,000 - RM 4,500
427 Models
RM 700 - RM 900 / Month
RM 4,500 - RM 5,000
390 Models
RM 800 - RM 1000 / Month
Above RM 5,000
1127 Models
RM 1000+ / Month
JPJ Running Numbers
KUALA LUMPUR
VNE7571
SELANGOR
BRY7437
JOHOR
JXK9582
PULAU PINANG
PRK3473
PERAK
ANQ5564
PAHANG
CEY8754
KEDAH
KFW5433
NEGERI SEMBILAN
NED3594
KOTA KINABALU
SJG6803
KUCHING
QAB1741K
Last Updated 28-10-2024 (MONDAY) 6:00 pm
Fuel Price
Petrol
RON 95
RM 2.05
 
RON 97
RM 3.19
 
RON 100
RM 4.50
 
VPR
RM 5.50
 
Diesel
EURO 2M
RM 2.95
 
EURO 5
RM 3.15
 
Last Updated Oct 24, 2024
playstore logo playstore logo playstore logo