Fuel hike: 78 sen more to RM2.70 per litre
Malaysiakini
Jun 4, 08 4:55pm
The government has just announced that petrol price will go up by 78 sen at midnight – a 40.6 percent jump from RM1.92 per litre to RM2.70.
The price of diesel will go up RM1, or 63.3 percent – from RM1.58 per litre to RM2.58.
The price hikes are among government measures to cut the spiralling bill for oil subsidies, which is expected to amount to RM56 billion this year.
At a press conference held at 5.30pm, Prime Minister Abdullah Ahmad Badawi also announced that the government plans to offer rebates to motorists to offset the fuel price increase.
Under the scheme, vehicles below 2000cc will receive a RM625 rebate annually – to compensate for 800 litres of fuel used under the new price.
Meanwhile, motorbikes will be given a rebate of RM120. The money will be paid by postal order.
Rebate will be paid when motorists renew the road-tax for their vehicles.
The government is expected to save RM4 billion under this new subsidy restructure.
However, the government is slowly expected to head towards totally abolishing the fuel subsidy.
If petrol is to be sold at full market prices, it could be as high as almost RM4 a litre – about 50 percent above current levels.
Since 2004, petrol has gone up by 97.1 percent, while diesel increased by a whopping 231 percent [see chart below].
Higher TNB tariffs
Abdullah also announced that the road tax for vehicles above 2,000cc will be reduced by RM200. For motorbikes above 250cc, their road tax will be slashed by RM50.
The diesel subsidy for fishermen will be fixed at RM1 per litre while vessel owners will have to pay RM1.20 per litre.
The premier also announced a price hike in gas supply for electrical and industry sectors.
The premier further said that the electricity tariffs too would be increased.
He added that the power tariff rate would remain the same for households which use about 200 kilowatt of electricity, which would still cost them RM43.60.
Any usage beyond this would fall under the new price which will be announced by power supplier Tenaga Nasional soon.
#1 by awies on Thursday, 5 June 2008 - 1:10 pm
well, YB and Malaysia folk’s… so far i just curious … what PETRONAS role in this matter when Dato Seri Abbdullah saying that “Brunei is different”
i think we also part of the country that produce oil, and the different is we just produce a higher grade oil, so ???
n i also agree that the petrol should go up , if the Govt Buy back all the toll and abolish the new car taxes… or what you all think???
hear from you all YB, tun, Dato Seri or anyone who have a better knowledge on this…
well,
i am blur now..
#2 by pkrisnin on Thursday, 5 June 2008 - 2:39 pm
mobilepsy you make some good points, I hope the gov. will streamline the process of subside rebate like subsidize 1 car per 1 person. But giving it through Income tax is good idea too
#3 by rainbowseahorse on Thursday, 5 June 2008 - 2:54 pm
Giving rebate via income tax cannot work efficiently nor fairly to those who really need that rebate because they are many who have no income tax at all. These people are fishermen, farmers, and retired elderly.
There are always alternatives to everything…including reducing subsidies. For example: Reduce subsidies gradually and in stages instead of in hefty 40 percent increases. Reduce unnecessary government spending like: 1) Why sent a Malaysian to ‘makan angin’ in space when you cannot afford it? 2) Why purchase expensive Submarines when we do not have need of that? 3) Why do JKR still have club houses when it is a government body and not corporate? 4) Why our government still practice expensive negotiated contracts to select few crony companies? The list of cut backs and change of wastages in government goes on.
There are plenty of alternatives in cost cutting, and it HAS TO BEGIN WITH OUR GOVERNMENT WASTEFUL SPENDINGS!
#4 by lakilompat on Thursday, 5 June 2008 - 3:31 pm
Bodowi is not bodo, in order to stay in power for another 50 yrs to come, this is a decision to raise funds to buy support from Sabah and Sarawak this is the party agenda and the cost is bear by Malaysian who are generous enough to fund it. He already raise the retired cap of EPF so that he can enjoy the subsidies, and stay in power for long.
#5 by ktteokt on Thursday, 5 June 2008 - 4:24 pm
I am yet to see how efficient the Ministry of Transport will be when it comes to the payment of petrol rebates. As it is the Ministry is already in a havoc state and if it were to handle petrol rebates, I am very sure their efficiency will further be discounted.
#6 by lakilompat on Thursday, 5 June 2008 - 4:24 pm
“if petrol price goes up to RM 4 by August, guess how much **** will skyrocket?
Char Koay Teow – RM 6, possibly more
Roti Canai – RM 2
Chap Fun, 1 meat and vege – RM 5 (just one meat and vege u know?)
Milo Ais – RM 2.50
Teh Tarik – RM 1.70
Banana Leaf Vegan rice – RM 5
Nasi kandar meat and vege – RM 10 (go tapau McD same price maybe? LOL)
A McSavers burger (cheeseburger?) RM 5
prepare migration plans if PR doesn’t take over by Sept =P”
Now our RM is like SGD the figure are the same, but Singaporean have greater buying power than Malaysian.
#7 by cheng on soo on Thursday, 5 June 2008 - 6:42 pm
Want to know what, hawker food price like in sep, 08 if petrol go to RM3.50 a litre, go to Genting hawker centre now, then U know loh !
#8 by anak watan on Thursday, 5 June 2008 - 7:16 pm
Haizz, day in day out talk talk, nego nego, preach preach, complain complain, protest protest but till today nothing can be done amicably by anyone includes the oppositions eventhough the BN was denied their 2\3 majority in the GE 12.
Look at the incident in the Cheras toll for eg. How long it actually took to settle the problem and how many ppl had actually physically injured during the process? That was just dealing with a company called Grand Saga and in Selangor state territory.
Now we are talking about the gomen for a country as whole.
How long? Next GE? What r the amicable actions, I was asked to wait?
I hate to listen to the oppositions’ phrase like ” Keep calm, we are doin something” what is it , man???
Pls do sumthing, YB..
#9 by pamelaoda on Thursday, 5 June 2008 - 7:17 pm
boycott petronas la!!!! Let foreign oil companies untung lagi bagus la..sori just letting go some “steam”
#10 by pamelaoda on Thursday, 5 June 2008 - 7:25 pm
I have the opportunity to live in two foreign countries during the oil price increases and also during the financial crisis era 97 and none of these two countries did anything like Malaysia…price for everything only going up and salary remain low or increase anything they can at every single oppportunity! ACTUALLY it is not cheap to live in Malaysia.
#11 by smeagroo on Thursday, 5 June 2008 - 8:17 pm
semua naik!
married JA, lil’ bro pun naik! (but unconfirmed la)
Yahoo, roadtax reduced Rm200….big deal!
Looks like we are heading for self-destruct mode soon as we hv nimcompoops for ministers who are only concerned for lining up their pockets before the nation runs dry for good and with their ill gotten gains they can move to live in the moon! Now who says our Angkasawan programme is shiat?
#12 by walao on Thursday, 5 June 2008 - 11:06 pm
I really don’t care if fuel price increase provided the government take the money and do something useful to us people. They keep compares our fuel price with others. What for? If really want to compares, look at how Singapore runs its country. Singapore has no crude oil, no land to plant pineapple, rubber trees, palm oil, rice, We have tin mines, sand , timber…yet not enough to feed our people? Where the money all goes?? How singapore do it really make me feel ashame
#13 by pjboy on Thursday, 5 June 2008 - 11:26 pm
Not sure how much good it will be but let’s all BOYCOTT pumping at Petronas Stations IMMEDIATELY !!! Unless when want to go for piss there.
It’s time gov allow to bring in the hybrids openly. There should not be any tax on vehicles that are enviromentaly friendly. Both Honda & Toyota already have hybrids past 5 years. Gov sing about being pro-active. Bullshit hypocrisy. We have been shortchanged for far too long by BN gov.
#14 by dapforever on Thursday, 5 June 2008 - 11:45 pm
This is what i got from my fowarded email…
Harga minyak sepanjang zaman.. (dalam masa 18 tahun – sejak 1990)
zaman Mahathir
sebelum 90 – RM 0.89
tahun 1990 – RM 1.10 (kenaikan RM 0.21)
01/10/2000 – RM 1.20 ( kenaikan RM 0.10)
20/10/2001 – RM 1.30 (kenaikan RM 0.10)
01/05/2002 – RM 1.32 ( kenaikan RM 0.02)
31/10/2002 – RM 1.33 (kenaikan RM 0.01)
01/03/2003 – RM 1.35 ( kenaikan RM 0.02)
zaman Pak Lah
01/05/2004 – RM 1.37 (kenaikan RM 0.02)
01/10/2004 – RM 1.42 ( kenaikan RM 0.05)
05/05/2005 – RM 1.52 (kenaikan RM 0.10)
31/07/2005 – RM 1.62 ( kenaikan RM 0.10)
28/02/2006 – RM 1.92 (kenaikan RM 0.30)
05/06/2008 – RM 2.70 (kenaikan RM 0.78)
Nota :
(Skrip dulu-dulu)
1. Kenaikan minyak masih rendah berbanding mana2 pun negara ASEAN.
2. Kerajaan akan pastikan kenaikan tidak membebankan
3. Kerajaan tidak mampu lagi menampung subsidi.
4. Kerajaan memberi jaminan harga runcit petroleum tidak akan dinaikkan lagi pada TAHUN INI.
(Skrip sekarang dan akan datang)
1. Rakyat mestilah mengamalkan hidup jimat cermat.
2. Kita akan memastikan harga bahan api antara yg terendah dirantau ini berbanding Singapura dan Thailand .
3. Bila kita susah, kenalah sama-sama susah, bila masa senang, ‘kita saling membantu’.
4. Penjimatan subsidi RM13.7 billion ‘dipulangkan balik pada rakyat’.
5. Langkah ini adalah ‘situasi menang-menang’.
#15 by isahbiazhar on Friday, 6 June 2008 - 4:53 am
It is no use protesting.Subsidy has given us the subsidy thinking which had protected us from the vagaries of price fluctuation which in turn made us lazy and not hardworking.Now the government wants to dismantle the subsidies to teach its citizen to learn to live within its means.Buy small cars, use public transport, eat simple food ( price of chicken will stabilise around RM12 once it is freed!),eat more vegetable and live in darkness.Grow vegetabldes around the house and in pots.Do not forget once income increases.Do not be lavish and pray more often :to reduce greed.The whole idea should be simple living and high thinking to wipe out what the UMNO led government had done to us.They never knew that the price of oil will soon touch US200 .Will our Arab brothers sell us oil at special price?No it will amount to begging This is an example of poor thinking.So stop protesting and start living!
#16 by k1980 on Friday, 6 June 2008 - 8:11 am
How about planting padi on our rooftops as suggested by the great acheh strategist Sanusi Junid? (When the roof starts getting water-logged and leaking, just use the padi stalks to absorb the water)
#17 by cheng on soo on Friday, 6 June 2008 - 9:19 am
Govt should abolish all AP, excise duties, import tax, sales tax, road tax, all road tol ,etc on cars before watn to do away petrol subsidy totally.
#18 by PureMalaysian on Friday, 6 June 2008 - 9:39 am
Let’s start doing shopping at neigbouring countries? Like how the Singaporeans shop in JB?
#19 by cheng on soo on Friday, 6 June 2008 - 9:49 am
PureMalaysian Says:
Today at 09: 39.31 (7 minutes ago)
Let’s start doing shopping at neigbouring countries? Like how the Singaporeans shop in JB?
—–
Where, Indonesia, Thailand, Brunei?? other place U hv to fly lah!
Most important, do govt allow U to shop for a car in Thailand or Indonesia, or Brunei & bring back to Msia without any tax, duties etc ??
#20 by rainbowseahorse on Friday, 6 June 2008 - 2:37 pm
Shop somewhere else or at neighbouring countries?? Haiyah, most Malaysians where got enough money to go shopping ANYWHERE at all in the first place??
#21 by cheng on soo on Friday, 6 June 2008 - 5:29 pm
Shopping in neighbour countries??
Maybe for Sarawakian living near Brunei, (Miri , Lutong), can buy petrol in Brunei, those near Indonesia border (on the way to Singkawang), can also get cheaper petrol from Indon.
Those near Thailand border, buy sundries (not petrol), but most important, buy a car without stupid AP & taxes (can govt allow this??)
#22 by cheng on soo on Friday, 6 June 2008 - 5:37 pm
Shopping in neighbour countries??
Those who can afford ferry fare, JB/ Batam, Bintan, Kukup/Karimun, Kundur, Port Dickson, Melaka, Muar/Dumai, Klang/Tj.Balai, Penang/Belawan,
But don’t forget, all the TAXES, that Msia custom may want from U !
#23 by ZhouYu on Saturday, 7 June 2008 - 8:53 am
It looks like after the currency attack on Asia after 1997, it’s oil attack now. It looks like they’re almost certain to succeed, due to our govt’s own greed
With a single analyst’s forecast, oil price shoot up $11 overnite.
Oil jumped following a Morgan Stanley analyst’s forecast of $150 oil by July 4, and in response to a drop in the dollar and fresh tensions in the Middle East.
Hey people, Najib did not say there is no fuel hike. “doesn’t necessarily mean price hike” means there is still a possibility of a hike. I suppose this only happens when BN retains the Federal Govt in the GE, of which it did. It was the reporter who said there’s no hike. Stop blaming Najib :)
#24 by blablowbla on Saturday, 7 June 2008 - 9:11 am
profesor hamdan is now datuk,he speaks like BN liners,dun noe how much he reciv to hv such a tune like lee lam tye(being tamed!)!sooner will be profesor khoo k k,wat do u tink?
lives become more and more challenging,tough waves are blundering the shores more frequent,are we going to get crazy?God must be crazy!
#25 by fairno1 on Saturday, 7 June 2008 - 1:46 pm
All Dap or Pakatan Leaders,
Please do something before they finish “hisap” our country wealth!
They try to take whatever can take and leave a shit to u all.
Must action immediately kick them down, don’t wait until Sept, With a bankruptcy status, Pakatan take over also cannot do anything if they finish off our nation money!!!
Please…
All people cannot survive…..
#26 by jim on Saturday, 7 June 2008 - 7:06 pm
BN election manifesto “security, peace and prosperity” seems to be true. They will feel ‘secure’ , ‘piss off mind’ , and ‘prospered’ with the money they saved. Really a good manifesto! Salute!
#27 by rainbowseahorse on Saturday, 7 June 2008 - 7:12 pm
ZhouYu, that USD11 crude oil price increase was a direct result of Israel statement yesterday (Friday) that they will not stand for a nuclear Iran and that war is an option that has not been riled out.
So, some F*@#&% opened their big stupid mouth and voiced out what every idiot with an sense would loved to do to Iran and the whole bloody world suffered for that remark. Kinda sounds like UMNO MPs too!
#28 by blablowbla on Sunday, 8 June 2008 - 3:19 pm
tat is just beginning,see,now crude oil is usd139/bababarrel!!!
the cabinet was vevevery ‘smart’,my frend,rm2.70/litre is on monthly revision,hahaha.The cabinet was insaint,they claim their mileage from gomen ranging from rm5000-15000/month,who pay for them?you and melah,dude!
the middle-east war is not triggered yet,once it rily begins,i think all of us can forget about driving cars,just park our car permanently at home will do!we shall wait and see!
#29 by bennylohstocks on Sunday, 8 June 2008 - 6:50 pm
Believe us this is too much..
REDUCE THE PRICE OF FUEL!
#30 by kahsinaw on Thursday, 12 June 2008 - 1:15 am
Just heard something like we had secured a forward contract with an eastern block country with the oil price fixed at USD30/barrel for 20 years when the oil was hovering at that price some years ago.