There government of Malaysia provide subsidy of RM650 for middle and low range car. This is not what we want. The price of fuel reach ceiling high and it might break the roof in a few weeks time. Now, we can only dream of getting $100/barrel.
The best choice is to switch to alternate fuel source instead of depending gasoline. NGV (Natural Gas) is the best source. The government should subsidy motorcar users for their NGV transfer process. The process cost of installing NGV in your existing gasoline type is RM3000 to RM10,000 per unit. If the government wants to follow the market value of petrol and subsidy for lower income people. They should give subsidy and compensation to convert NGV.
The rate of RM3,000 – RM10,000 is very high for middle to low class people and end up paying high petrol price. If the government can absorb at least 50% – 70% of the cost of conversion or provides us with free NGV transfer service, I’m sure 100% of motorcar, lorry, bus, everything that runs on petrol will change to NGV. Because the cost of NGV is RM0.68/per liter compared to petrol RM2.70/per liter and diesel RM2.50/per liter.
I’m thinking of changing to NGV also of my Naza RIA. My monthly normal oil consumption used to be RM 600 now reaches more than RM1000 with new pricing. I think NGV is a great alternate source as long as the government don’t raise Natural gas price.
Plus, the government should also give license to sell natural gas to many petrol stations. Right now, only limited number of Petronas gas station have license to sell natural gas. This is the best alternate choice now and the government should provide license to at least 2 to 3 stations each town and rural areas to sell Natural gas for NGV converted vehicles.