August 24, 2008 at 2:02 pm · Filed under Local News, Malaysian Fuel Prices
According to The Star, Deputy Prime Minister Datuk Seri Najib Tun Razak appeared annoyed that people did not appreciate the recent reduction of price in fuel of between 8 to 22 sen per liter. The RON97 fuel that everyone pumps only received a 15 sen reduction from RM2.70 per liter to RM2.55 per liter.
He asked people to take into account the RM625 rebate given earlier this year as it meant a 35 to 40 sen per liter discount on current petrol prices. Based on what he says, the government is effectively reducing fuel prices to RM2.20 per liter (based on RM0.35) for the first 1786 liters of fuel every year. That’s about 148 liters per month, only enough for 3 full tanks a month. How many full tanks of petrol do you pump a month, thanks to our pathetic public transport system?
It’s worth remembering that originally the RM625 subsidy was explained by the government as being a RM0.78 sen subsidy for 800 liters of fuel a year. 800 liters of fuel is only 66 liters per month, which is between just over 1 full tank to 2 full tanks per month, depending on the car. The 66 liter per month figure could have possibly been a result of some deluded study that expects Malaysians to only use their cars to drive to the nearest LRT station and take the train to work.
Visit http://paultan.org/archives/2008/08/24/najib-annoyed-with-rakyat-who-do-not-appreciate-recent-fuel-price-cut/, http://www.motortrader.com.my/ and http://www.btimes.com.my/Current_News/BTIMES/Saturday/Latest/20080823012311/Article/index_html for references.
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10 comments:
The Ministry department never ceases to amaze me. When oil prices increased from US$120 to US$147 [peak] they increased prices by 90 sen/litre. As of 23rd Aug, it has retraced to US$114.78/barrel, the authorities cut by 15sen/litre!
Possible reason is authorities were witholding from increasing prices when oil price shoots past US$100/barrel, thus widening the subsidies bill. Until when oil peaked did they finally caved in to pressure to increase prices in order not to jeapordise the whole economy.
A testimony of keeping voters-Malaysian public as "Keep Satisfied" stakeholders.
I wonder the 'sweet' this time given by the govt is of any use.
increase $27 - RM0.90
decrease $32.3 - Rm0.15
erm....= ="
I feel suprice too, not only u sir~
-=Queenie=-
We should be grateful with price cuts as a oil net exporter country, shouldn't we?
The PM never keeps his words.
As mentioned just 2 days before the announcement, the PM assured the people that there will be no price reduction before August 30th. And merely 2 days later, the PM changed his mind after the cabinet meeting.
Does this render Strawberry, erm i meant Shabery Cheek's points during the much highlighted debate useless?
Welcome to Malaysia.
Now we may still be "Keep Satisfied" stakeholders. Very soon after the election we will be back to their "Secondary" stakeholders.
If DSAI doesn't win, we could even be "Tertiary" stakeholders.
Sad to say but well at least we are still stakeholders?
I'm not surprised if they are planning to increase the price in a few months. They have never stopped increasing prices since January.
When petrol increased by 90c, they were introducing so-called "rebates" to "ease" our burden. However, this time they ought to do something more than just bringing up some 3rd class cheap rebate to cover up their "good" intention.
By the time the petrol hits RM3/litre, I think it's time to remove some "important" figures of the Ministry department.
sooner or later , oil prices will increase so significantly that only the elites will be able to purchase them.
p.s. i read a post on www.businessweek.com a few weeks ago about why the oil prices are rocketing sky high -China is behind this, the increase of manufacturing and exports of goods has been the cause to excessive use of oil and thus increasing the prices.
lol... not really...
there are things that mass media cannot reveal...
but i think futures play an important role...
who ctrls the txn of futures?
well it should be the famous R-Family
anyway we are lucky than other different country,in Cambodia the petrol cost around $2.OO++/litre which mean that it is around RM5/litre and Thailand and so on....i think the engineering they should try to figure out the car without petrol but water..=.="
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