A really hefty price increase!
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.
June 4th, 2008 at 19: 07.41
Can we ever trust this lying minister again?
http://bp3.blogger.com/_KUD2BqHya4M/SEVXd8BlPKI/AAAAAAAAHsc/ruxE_tjvIqE/s1600-h/nofuelhikenajib.JPG
June 4th, 2008 at 19: 08.17
Semenjak Pak Lah menjadi PM…. Apa yang tak naik???
June 4th, 2008 at 19: 16.26
Govt raise petrol by 20 cents there was huge hoo-haa. Now they plan to raise till 80 cents, this country is going to the dogs. I can’t imagine how the price of goods will skyrocket.
June 4th, 2008 at 19: 27.38
This is the time to change the “BARANG NAIK(BN)” government! Why wait?
June 4th, 2008 at 19: 34.00
The 1 sen coin is no longer in circulation. Soon the RM1 note would be withdrawn and we shall all become billionaires like the Indons and Zimbabweians
June 4th, 2008 at 19: 36.34
SO LETS SEE HOW GOOD OUR “FIRST WORLD” MINISTERS MANAGE THE ECONOMY IN DIFFICULT TIMES LIKE THESE- RISING FUEL AND FOOD COSTS………………………VIS-A-VIS RISING INFLATION
June 4th, 2008 at 19: 44.50
When there’s such a big fuel hike
It’s time to change car for a bike
Or some may prefer their sporty spike
Although these choices are not what all like
(C)Samuel Goh Kim Eng - 040608
http://MotivationInMotion.blogspot.com
Wed. 4th June 2008.
June 4th, 2008 at 19: 47.13
While I feel the pain of the price rise, this is quite inevitable due to the global petrol price, so we should not snipe on Pak Lah or BN. That would be irrational.
June 4th, 2008 at 19: 48.52
Following such a steep increase in petrol price, prices of other goods are bound to rise and hence the cost of living will rocket. More miseries are in store for the rakyat especially the middle and low income groups.
Mr. Anwar should quickly bring about a change of Federal Government to alleviate the people’s suffering.
June 4th, 2008 at 19: 52.58
Questions to ask in Parliament:
1. Would there had been a petrol price hike if the Pakatan Rakyat had taken over the Federal Govt?
2. How come fellow oil exporters like the Gulf emirates do NOT sell petrol at world market rates to their people?
3. Now that we can save RM56 billion from not subsidizing petrol, should we use this savings to buy the used useless re-entry capsule from Russia and also send up more umno space tourists to the ISS?
June 4th, 2008 at 19: 54.00
Instead of calling it price increase, why don’t we call it a cut in income? All of us have a cut in salary by 40% overnight!
June 4th, 2008 at 19: 55.57
Well Willlam85, widen your global viewpoints, BN always confuses us by claiming we still enjoy the cheapest oil price in Asia and one of the cheapest in the world. Just widen the comparison, those countries are not oil exporter, WE ARE! BN always says countries like Singapore, British, Japan, blablalala their oil price are a few times than us in actual RINGGIT, but in actual RINGGIT, those buggers earn a lot more folds than us! As oil exporter country, the citizen should benefits from the petrol income. Why we should pay more unless the wealth is badly mis-managed like what BN is doing! The oil dug out from our own ground that belongs to all of Malaysians, NOT BN, NOT PM, NOT PETRONAS.
Change GOV ASAP~~!!!!! for the sake of our living…how you going to survive. I am sure there will be catastrophic impact on other goods pricing if easily such a price hike for rice and petrol. CHANGE YOUR LIFE STYLE as told our dear PM? Isnt that better for all of Malaysia to change just the PM?
June 4th, 2008 at 19: 56.52
the nation really need to be reformat like a hardisk. too many bad sector and useless junk. i’m so not a good mood today. we need to rise and teach them whose the boss.
June 4th, 2008 at 20: 01.15
Calling for ….
ADBULLAH BADAWI immediate resignation!!!
What is the use of saving RM4 billion, while at the same time the nation is going to lost tens of billion Ringgit?
This will be the situation:
Savings from reduction of subsidy = RM4 BILLION
CONSEQUENCES/LOSS :
1.
MANY COMPANY could not survive the spirally rising cost due to chain reaction from rise in fuel cost -transportation, demand for higher pay, raw material
Result: Many company close down -government collect less tax, many people lost jobs
2.
Many people would live in poverty. There meagre income just enough to buy food, no more money left for supporting their children education. Free education in Malaysia? - Well do the government pay for transportation cost to school? no! And higher education is definitely not free.
-This would result big loss to the nation too
3.
Dampening domestic consumption.
-people could not afford to buy houses and cars
Result - PROTON may become just history
-Business community will lost income too
4.
Increase in crime rate -when the poverty strikes, crime rate would increase
So, is is justified to save RM4 billion while losing RM400billion ?
June 4th, 2008 at 20: 01.34
“While I feel the pain of the price rise, this is quite inevitable due to the global petrol price, so we should not snipe on Pak Lah or BN. That would be irrational.”
william, our country is a net exporter of oil. The billions of profit that Petronas made can be channelled back into savings of rakyat. Also consider enormous amount of wastage the govt spent recklessly such as Port Klang Free Zone scandal, purchase of submarines, proposed new Istana Negara, etc. If can splash money just like that, cushioning the rakyat against rising oil prices should be justified.
The govt can’t manage the current inflation rate which is taking toil especially on lower income groups, public transportation is hopeless and IPPs are still being freaking subsidized! And you want to defend Bodowi?! I just assume you’re too naive for your own good.
June 4th, 2008 at 20: 11.08
Now let us compare the price with OIL PRODUCING countries
UAE– RM1.19/litre
Eygpt– RM1.03/litre
Bahrain– RM0.87/litre
Qatar– RM0.68/litre
Kuwait– RM0.67/litre
Saudi Arabia– RM0.38/litre
Iran– RM0.35/litre
Nigeria– RM0.32/litre
Turkmenistan– RM0.25/litre
Venezuela– RM0.16/litre
MALAYSIA– RM2.70/litre
Well.. hidup BN(Barang Naik)…
*stats taken from http://www.malaysia-today.net/2008/content/view/8384/84/
June 4th, 2008 at 20: 12.55
Fuel prices are rising all over the world. Even here in the UK (which is an oil producing nation). I’d like to know the full extent of government subsidisation before passing judgement on them.
June 4th, 2008 at 20: 16.04
The enormous financial resources spent by BN on campaigning the 12th General Election could well have been used for petrol subsidies.
June 4th, 2008 at 20: 23.36
Well have u all heard of the word ripple effect or chain reaction. The transporter is having nightmare.
The ceiling price of chicken is abolish so nasi ayam is going to hit the ceiling, not to mention ayam goreng, ayam percik and wat about KFC prices. I heard the ceiling price of cement is also abolish so nobody will be able to buy houses anymore or renovate for that matter. Man all hell is going to break loose. After the hefty increases in the price of rice and other edibles wat is bodowi thinking of? He is getting his revenge.
June 4th, 2008 at 20: 25.48
william85 Says:
Today at 19: 47.13 (29 minutes ago)
While I feel the pain of the price rise, this is quite inevitable due to the global petrol price, so we should not snipe on Pak Lah or BN. That would be irrational.
————————-
Regardless of the global petrol price, we are an oil producing nation. So one can never compare us with oil-importing countries like most nations. All it takes would be to have a Govt that uses Petronas money to spare its rakyat the pain. Instead, the rakyat has to feel the pinch, and Petronas $$ can be put to unknown use elsewhere.
The way that many Malaysians blindly accept what excuses are given to them are unbelievable.
Time to really educate the rest of our fellow Malaysians not to believe in the stupid BN crap and excuses.
Well, thanks to the voters who gave BN the power to decide on petrol prices again. We now all have to pay the price for decisions made by fools at the election box.
June 4th, 2008 at 20: 27.16
Malaysians should immediately switch to the following mode of transportation, which runs on air alone
http://bp3.blogger.com/_BJGWfUvJNiQ/SEV142HxtNI/AAAAAAAAEXc/ifEKICiBBzo/s400/Picture1.jpg
June 4th, 2008 at 20: 27.37
BN supports pls continue to support the Miserable BN lah….. Opss not BN it is Umno. See how they can make your life miserable.
BN have failed the country Miserable for 50 years. Pls read annilnetta blog. Petronas profits 600 billions ….. where the hell the money gone ? why the country still so miserable ?
June 4th, 2008 at 20: 28.04
Why are you guys complaining?
Our beloved Pee-m need some poket money kenot ar?
Some more we need $ to send another monkey 2 the moon so need your cooperation a bit lar.
Revenge is sweet especially when it hits where it hurts most- our pocket and soon our stomach!
Did i hear our Pee-m just snigger?
June 4th, 2008 at 20: 29.23
The facts are fast emerging that speculators (in oil futures) are behind the price increase. The argument that the fast growing economies of India and China are responsible for it is fast losing ground.
Though the idea of a subsidy interfering with free market forces would not be good in the long run, the equitable effect in the short term cannot be denied.
June 4th, 2008 at 20: 29.36
Not only will there be an increase in food prices, there will be a corresponding increase in crime, both by the small fish (mat rempits, snatch thieves, bank robbers) and the big fish (bn politicians)……..oh yes! not forgetting our men-in-blue, men-in-grey, and whatever men in uniform.
Inflation, social disorder will be the order of the day.
June 4th, 2008 at 20: 31.47
It is good to note that as the PM announced the petrol price increase, the heavens showed her anger, with thunder and lightning and rainstorm, which again showed the government shortcomings in the mainroads. Traffic was virtually at a standstill all across KL town, and the suburbs. It took me an hour and half to get from Saujana to Subang Jaya ). The roads were flooded and the traffic lights on many roads were down. So now we pay more for petrol and waste more petrol on the roads.Thanks to the government of the last 50 years. Back to the petrol price increase. Don’t hold your breathe. Looks like this is the first of three price hike. This one in June. Another in July and a third one in August, when it will be market value, as announced by the Minister of domestic trade, earlier. So, we should all gear up for inflation. Enjoy your chow koay teow, which will soon cost RM 15 in the corner shop “tai chow”.
June 4th, 2008 at 20: 34.17
Uncle Kit,
The govt has gone overboard. Can you please tell the people WHAT ARE THE OPTIONS TO EXPEDITE THE CHANGE IN GOVT, it sounds like the country needs some drastic changes.
Im afraid to say, its quite obvious we are spiralling down to the dumps very quickly.
June 4th, 2008 at 20: 36.19
[...] Increase 78 Cents June 4, 2008 Posted by gimaik in Uncategorized. trackback In light of the 78 cents increase in fuel price, I predict there will be 3 immediate [...]
June 4th, 2008 at 20: 38.59
i cannot accept this Government anymore….what more is they raised too much for most people..including myself…it’s not acceptable…even in Indonesia, they raised for 30%…is malaysian government trying to show/challenge other coutries who can raised the fuel price higher?
additional RM 0.78 for petrol and RM 1.00 for diesel…
Change the current government!!!
June 4th, 2008 at 20: 43.10
man, the ban haven’t really taken effect and now oil price increase like this. those sgpura pr voiced disapproval for the ban now must be laughing at malaysians for criticizing them - padan muka they would think.
why is this shahrir and AAB always making flip flop decision. when shahrir first suggested the ban, i applauded the move. but as negara pengeluar petrol, these ministers have the cheek to say to remove subsidy by august ??? that means the gov is rubbish and idiot. i demand to publish full transparent on government spending and petronas earnings, no doubt the oil price hike but petronas too must earn handsome profit on this! the standard of living is getting worse and worse, those sgpura earn 3k and pump 2.2. we earn 3k and pump 2.7, and to add insult as oil producer!
June 4th, 2008 at 20: 44.43
And there are people who still beleive to give the BN (UMNO?) a chance to reform.
Reform?
Our country has already gone from bad to worst.
Didn’t anyone notice that with each change of PM, the people got a worse deal?
June 4th, 2008 at 20: 49.44
See what happen when BN won the GE2008…promised to raised fuel price….all janji janji manis…!
I think those who supported BN during GE2008 will regret with their decisions or action…when they support BN(Barang Naik) that’s mean they agreed with what they do..so don’t complaint…
Tomorrow, bas sekolah also naik including public transport from KL to Melaka or Johor…. everything go up averaging +50%
A RM 20 trip will be charged at RM30…
Let’s held new GE 2008. See who win this time…
June 4th, 2008 at 20: 52.31
Still remember before the GE12 that Najis said there won’t be a petrol price increase after the election?
Furthermore, where is the efficient public transport system promised by the stupidest PRIME MINISTER a few years ago!!!
Vote BN out for good and send these corrupt and lying BN leaders to jail!!
June 4th, 2008 at 20: 57.07
This Bodowi is again found lying thro his teeth.Petrol price to go up 78cents in less than 8 hours from announcement ….a clear 40.6% hike, it is unbelievable.I think most people is expecting,a staggered one but hell not this.And I don’t the government has actually studied its impact on people across the board.Poor people would be aversely affected and what do Bodowi care!
June 4th, 2008 at 20: 57.38
Uncle Kit,
People’s power worked to some extent on Mar 8, 2008. Other than relying UMNO to overthrow the present leadership or defecting MPs to PR, what are the people’s legitimate options to enable a change in govt asap (dont think ppl can wait for another GE)? Royalty led?
I think there are many frustrated people out there (probably including those who have voted BN), options seems limited other than to migrate (only for those who can)?
I think it would help if the people know what they can do to inject PEOPLES POWER again.
June 4th, 2008 at 20: 58.15
My advice to Pakatan Rakyat, do not organize any street demonstration and stay out of one if there is.
June 4th, 2008 at 21: 04.36
What an unpopular move!!
Before this price hike, the rakyat have being worrying but Paklah have made their worries come true.
The worst is yet to come, the cost of living will surely soar. The rakyat will decide their next government.
Hidup rakyat!
June 4th, 2008 at 21: 04.52
kit, please raise ,motion to have AAB step down, vote for no confidence…. the rakyat must fed up with his flip flop decision. first b4 ge he assured there’s no raise. then after given mandate, he (thru shahrir) call for the ban to foreigners (which i sokong). then he said august will increase, brace yourself. now less than 24 hrs naik 70sen.
AAB should pecat diri sendiri, he’ll do the nation big big favor if he step down!
June 4th, 2008 at 21: 07.11
Im not sure what was TDM’s masterplan when he resigned.
Im not sure what PKR de facto leader’s masterplan was when he revealed the plan of the defecting 30odd MPs.
Im not sure Tengku Razaleigh is up to in his campaign.
Im not sure if any of the planned outcomes above are any better.
But
all i know is, THE TIME TO STRIKE IS NOW.
all i know is, MBB’s foolish acquisition, poorly managed petrol ban, petrol price hike, childish behaviours of some BN MPs in parlimen and all the attempts to unfairly limit the efforts of opp. led state govts IS UNBEARABLE.
June 4th, 2008 at 21: 18.32
REBATE for what? RM625 is nothing compare to the fuel price at the moment…how much u can buy using RM625 for a year…worst still make things complicated…
RM 625/12 = RM 52.0833 per month? (additonal?)
Example:-
Proton Waja -Full Tank 45L
45L x RM 1.92 = RM 86.40 (Before)
45L x RM 2.70 = RM 121.50 (After) effective on 5 June 2008
price differences = RM 35.10
We are given additional RM 52.0833 per month…
How many times we can fill up our tank full based on RM 1.92?
RM 52.0833/RM 35.10 = ONLY 1.483 time full tank…
First 1.483 full tank, we are still paying at RM 1.92
There after we are paying for RM 2.70!!!!!!!
In a month, our petrol usage averaging from RM 200-RM 300
depending on car models, etc…
Let assume we are spending RM 200 @ RM 1.92 currrent oil price
RM 200/1.92 = 104.17 Liter
if Given our full tank is 45L therefore,
104.17/45 = 2.314 time full tank…
First 1.483 tank…we are paying for RM 1.92
Remaining 0.831 tank we are paying for RM 2.70
0.831 x 45 L x RM 2.70 = 100.9665 (After)
0.831 x 45 L x RM 1.92 = 71.7984 (Before)
Differences = ADDITIONAL RM 29.1681
RM 200 + 52.0833 (per month) = 252.083
2.314 tank x 45L x RM 2.70 = 281.151
Difference = ADDITIONAL RM 29.068
hope my calculation is right..heh
June 4th, 2008 at 21: 21.30
The coffer has dried up.
If we dig back a few years back we have contracted to sell in the futures our gas and oil to China and Japan at low prices.
Idiots!
June 4th, 2008 at 21: 21.42
to better understand the help of rebate
RM1.92=>RM2.70 (41% increment)
car rebate: RM150/yr = RM2.88/wk = 41% of RM29.32/wk
meaning: current spending at RM1.92/L, weekly first RM29.32 spent is covered by rebate, subsequence spending is not.
bike rebate: RM650/yr = RM12.02/wk = 41% of RM7.04/wk
meaning: current spending at RM1.92/L, weekly first RM7.04 spent is covered by rebate, subsequence spending is not.
note: RM150 motorbike rebate instead of RM120 above, according to
http://www.pmo.gov.my/website/webdbase.nsf/w_4?openForm&title=Latest%20Releases%20from%20Prime%20Minister&url=http://www.pmo.gov.my/WebNotesApp/Abdullah.nsf/hv_PMKiniSemasaNew/214AA70091D7F2534825745E003CA153
hope this useful.
June 4th, 2008 at 21: 23.02
It has been reported that among the measure taken to reduce the petrol subsidy is the direct cash payments to motorcyclists and small car owners.
This is the stupidest decision I have ever known in my entire life. It shows the low calibre of the people in our Badawi’s Cabinet.
1.A large number of those two cannot afford motorcycles and small cars take buses to go to work. When petrol price increases, it is a foregone conclusion that the bus owners will increase the fares. Instead of helping the poor, this category of people will be hit by a double whammy – increased bus fares and increase in prices of food, goods and services and everything else!
2.A new small car costs much more than a second hand car. For example, a small new 850cc Kancil cost $27,000 can carry about 4 persons albeit with some difficulty but a second hand 2500cc Volvo 850 costs about $15,000 could carry goods and 5-6 people easily without problem. In fact, we do find a lot of poor kampong folks driving big, old but cheap continental cars/vans/jeeps because it is more suitable for carrying farm produce as well for transporting their large families. Again they will be hit by a double whammy - increase in price of petrol and everything else!
3.In a poor family of 10 people, only one can afford a small car which is used to make 2 trips to transport everybody. Only one will receive a small petrol payment (for one trip) and the other 9 members will have to bear the increased prices of petrol (for 2nd trip), food and everything else.
4.The huge increase in price of petrol will cause a chain reaction on the increase in prices of other goods and services. Whatever small amounts received by the motorcyclist and small car owners will be largely negated by the more than disproportionate increase in prices of goods and services.
5.Which stupid idiot equates rich or poor with the cc of the vehicles? An average office clerk may own a second hand proton Iswara costing $7,000 (rebate = $850) while the Robert Kuok’s children can own a fleet of 10 new cars of BMW, Audi and Volvo all less than 2000cc and get a total rebate of $850 x 10 = $8,500!
6.In Malaysia, the heavier burden is caused by cost of travelling to work. The cost of travelling will have to include:
1. toll charges,
2. amortisation of the vehicle’s cost over the economic useful life of the vehicle, or, for those who have obtained loan financing, the monthly loan repayments,
3. the annual vehicle maintenance cost (tyres, brake pads, engine oil, spark plugs, etc)
4. road tax,
5. Parking; and
6. petrol
If you analyse above carefully a huge chunk of the expenses goes to car amortisation cost and toll charges. Everyone who has travelled overseas knows for a fact that Malaysia has one of the highest numbers of tolls in the country and very high excise duties on cars.
Take a real life example of a typical average worker in Malaysia earning a take home pay after deducting EPF of RM 2,000 a month. He drives a small Kancil (cost RM27,000) and travels to and from work each day from his home in Cheras averaging about 40 km. His typical monthly travelling cost is:
Amortisation of car for 10 years ($27,000/10/12)………….$225
Petrol (based on current price)………………………………………… ……….$200
Maintenance of car…………………………………………… ….……..$100
Road Tax ($50/ 12)…………………………………………… ……………….$4
Parking ……………………………………………… ………….………………$90
Total Travelling Cost per Month……………………………………$619
Percentage of Travelling Cost to Take-Home Pay……………………….31%
It simply does not make sense that the use of vehicle for travelling to work to earn revenue for the country would be a whopping 31% of his take home pay for a country that is a net exporter of oil. That does not even include his payment for the increased price of petrol and monthly expenditure for food, housing loan, medical expenses, children schooling expenses, etc, which are certain to increase if the prices of petrol increase.
It makes stupid sense to make a small amount of cash repayments to a small portion of the citizens but the cost of tolls, food, goods and services keep on escalating. I don’t know whether they are aware that not all registered owners are the actual users of the vehicle and how the repayments could go to the actual persons intended.
This way of abrupt petrol price increase would be disastrous to the nation and once the negative chain reactions (stock market crash, run away inflation, economic slowdown, corporate under-budgets, etc) happen, the nation might not recover from it for a long time.
It is haphazard decision hastily decided by a low calibre Badawi cabinet. On TV3 Badaw prided that the cabinet took 4 long hours to deliberate on the issue! Only 4 hours of deliberation for such an important issue? An important decision of this nature which has a rippling effect on the whole nation show be studied by a competent team of economist, academicians and thinkers for months - not by shallow thinking cabinet ministers in 4 hours!
The present UMNO regime has hoodwinked the citizens long enough by just comparing the petrol price with selective non-oil producing countries without taking into consideration the related travelling cost and the cost of living!
Logic will tell you that a fisherman cannot have a same cost of fish as his neighbour who is a farmer!
Meanwhile, oblivious to others, UMNO will be splurging the oil revenue by spending on themselves, their cronies and on other less prioritised projects! UMNO realised that it may be their last term in power and used the opportunity to enrich themselves as much as possible before they are kicked out by the rakyat!
Only the kampong folks may be duped by UMNO! The citizens have had enough of the half-truth of UMNO!
The citizens demand transparency on the accounts of Petronas and how were these revenue been used! Petronas is not “bapa punya” of UMNO – it belongs to every citizens of Malaysia!
June 4th, 2008 at 21: 23.08
i think KLSE will drop to the furthest at tomorrow opening…
June 4th, 2008 at 21: 25.17
The idiot Sharir in TV3 saying that the increases of petrol price is only discriminary to the rich who own big cc car. Did the government consider those average rakyat who have to spent RM 400-RM500/month on petrol to go to work and have to spent extra RM 160 after the hike in petrol price? What is the RM625 rebate which is equivalent to RM50/month. The Minister should go to work by using Proton Waja by tommorow instead of your black Mercedes S500.
June 4th, 2008 at 21: 26.05
sorry messed out my calculation. correction below,
car rebate: RM625/yr = RM12.02/wk = 41% of RM29.32/wk
meaning: current spending at RM1.92/L, weekly first RM29.32 spent is covered by rebate, subsequence spending is not.
bike rebate: RM150/yr = RM2.88/wk = 41% of RM7.04/wk
meaning: current spending at RM1.92/L, weekly first RM7.04 spent is covered by rebate, subsequence spending is not.
June 4th, 2008 at 21: 26.42
This gomen is more than willing and goes out of the way to subsidies rich cronies and UMNOPutras by handing out one sided contracts and APs but wants rakyat to reduce wastage and learn to live without subsidies.Think LDP, think CYC football tournament, think MRR2 and lets not forget the toll fees we have to pay.Why can’t they do open tenders? why can’t they get rid of AP as it is we are paying RM20-30k for our cars compared to Thailand which means we are paying for the subsidy upfront.
Yeah have a snap election, love to see what happens to UMNO…we have almost buried MCA and MIC. Gerakan is gone.UMNO is next!!!!
so this gomen has got it all wrong. They need another lesson at polling booth.Pak Lah saya cabar kamu…Pak Lah kan pantang dicabar.
June 4th, 2008 at 21: 30.07
“AAB should pecat diri sendiri, he’ll do the nation big big favor if he step down!” - melurian
He’ll definitely not do you the favour of stepping down!
Neither will it be possible for elephants to drag him from his post.
Why?
He has the whole nation in his palms and to do as he pleases!
It’s like a village idiot playing with his toys.
Although his toys are your lives!
June 4th, 2008 at 21: 31.34
This is the best move ever by the government. Didn’t many people clamour for reform? Well, this is reform. Didn’t many people say subsidies are bad, that we should take away crutches? Well, this is to be welcomed then.
My only grouse is that they should marked it up to market at one go, instead of bit by bit and prolonging the pain. Why RM2.70? Why not RM4 or RM4.50 per litre? This way, there will be no need to worry about foreign cars coming in to enjoy the subsidies. Heck, while we are at it, why not increase it to RM5 or RM6 per litre? This way, Malaysian motorists can go down the causeway and enjoy the cheaper petrol for a change.
Be careful, you might just get what you wish for.
Reform and market prices. No subsidies. Yes, we are getting there….
June 4th, 2008 at 21: 32.21
If there was no election results’ tsunami, will the petrol price still rise ? Or other basic commodities ?
June 4th, 2008 at 21: 33.11
Poor planning; lack of forward vision; indecisiveness - all these are BN’s traits and will continue to be that way. I would advise Pakatan government to now work on a plan to look into alternative means of transportation - times for adjustment - time for a bigger change. AAB - call for a snap election - get a new mandate and get it now
June 4th, 2008 at 21: 34.58
Referrng to comment posted by:-
william85 Says:
Today at 19: 47.13 (1 hour ago)
While I feel the pain of the price rise, this is quite inevitable due to the global petrol price, so we should not snipe on Pak Lah or BN. That would be irrational.
“Hoi! Idoit! Are u Bodowi’s konco-konco….Don’t talk RUBBISH over at YB LKS Blog Site! How much Bodowi pays you to comment RUBBISH over here!
June 4th, 2008 at 21: 37.48
if the mca, mic got guts, they should side with oppos to call for motion to vote for no confidence for BN, call for snap poll to remove AAB!
June 4th, 2008 at 21: 39.07
call for “tak nak pak lah” campaign!
June 4th, 2008 at 21: 39.31
We only know how to blame the present government. This is actually the direct results of the 22 years mismanagement of the Mahathir government. This is only the beginning….to suffer. Although Malaysia has so much of the natural resources, we have really wasted a lot of our natural resources on unproductive and wasteful projects. Instead of improving our public transports, we spend it on producing cars at higher costs. Worst still, it is the people who have to pay for it. Is that the way to help the less fortunate ones? Now all the negative impacts of the Mahathir mismanagement of the country is manifesting. I tell you, the worst has yet to come. Those people who are still supporting him are foolish people. He has destroyed the country. Now he is in the midst of destroying UMNO as well. Actually, he doesn’t care for the for the country and the rakyat. Only time will tell. I symphatised with the present government which has to clean up this shit left behind by this selfish old man.
June 4th, 2008 at 21: 39.35
How can 1 expect PM to understand the impact of the price hike! He failed stats and could not read Econimics. All he could manage was religious studies. The chain reaction will also impact the GLCs and directly impact the gov’s income and scare the scrap out of the foreign investors. And thank you MR PM for the stupid jam caused by the poor rakyat wanting to save a few bucks, unlike you we have to work for a living not snore for it!
HERE! HERE!
VOTE OF NO CONFIDANCE FOR BADAWI!!!
VOTE OF NO CONFIDANCE FOR BN!!!
VOTE OF NO CONFIDANCE FOR UMNO!!!
June 4th, 2008 at 21: 41.47
Abdullah is fighting for his political life yet he is capable of such unpopular move, and the consequences will be disastrous to the economy, which is already quite bad. Is Abdullah just plain stupid or is he up to something else? But one thing is for sure, the price increase will hit states like Selangor, Penang and Perak most because these are the more developed states under PR.
June 4th, 2008 at 21: 42.44
YB
Comon’, just bring the BN down + let us have a 2 years cushion as our petrol runs out.
Just incredible, mismanaged all rakyats’ money + come pinch from us. Like a drunkard coming home to bash up the family.
Just bring them down.
June 4th, 2008 at 21: 42.52
Better send these people to a course of economics. Price of petrol is just one of many variables in the equation of our nation’s economy. With such a shocking raise of 41% petrol price all of a sudden, we will have to expect serious repercussion on the other variables in an equally shocking manner in the very near future.
Don’t they make a proper study over the matter before making such hasty decision?
June 4th, 2008 at 21: 43.00
Is already PROVEN now! So long UMNO/BN remains in power….Rakyat Merana!
We are so sore to see or hear anything from Bodowi!!!
WE WANT NEW GOVERNMENT!!! PERIOD!!!
June 4th, 2008 at 21: 44.32
i agreed with 9 to 5…well written
if we buy second hand car or even third hand car for example an old old Mercedes Benz S320 for a price equivalent to a Waja car, how can the government consider us as RICH? It’s an old car afterall….only the CC is bigger….how to use “CC” thing just to proof we are richer??? Using the ‘CC’ thing to judge how rich a person is? This is real funny….So can we judge all the Datuk Datuk, Tan Sri, YB, YB as rich person and they should PAY MORE!..we as an ordinary rakyat should PAY Less even if we are rich!!!! The most stupidiest act from our current government!
June 4th, 2008 at 21: 47.32
Welcome to BN nation!!!
June 4th, 2008 at 21: 51.56
9to5, i think you have articulated the rippling effects of their poorly thought decision very well.
Im concerned that people may take this to the streets, the repercussions of this decision are simply unthinkable in the light of stagnated income, slow growth, unprepared public transport etc etc, all of which requires several years to implement/improve.
June 4th, 2008 at 21: 54.39
What we need now is another general election and not street demonstration. Could this event trigger the crossovers that we have been talking about for months? We shall see, but it is now or never. Abdullah just ups the ante, Uncle Kit.
June 4th, 2008 at 21: 56.23
you don n+eed to take economic course to understand the impact. take a look around you, naik minyak, semua pun naik sama!
common sense lar, we export minyak, we jual market rate to malaysians, make sense or not ! unless the stupid gov want to quickly cover up excess they spend during GE (the 22 bil), then the raise is the best and quick solution!
shame on AAB. Kit, please raise motion ( at least just raise the motion to be recorded in newspaper and hansard) to kick the old man out, he does not fit to be malaysia leader times like this. just like US needs lincoln during civil war and churchill during WWII, putting AAB is disaster to malaysia! even hitler also manage to raise german as strong country 1930s before he overstep the border!
June 4th, 2008 at 21: 58.48
“The Minister should go to work by using Proton Waja by tommorow instead of your black Mercedes S500.” - Malaysian
Don’t forget that Proton cars are only good enough for Joe Public. Expensive ones are for ministers and their ilk!
Just like the government hospitals; while government, especially those in the top hierarchy go overseas for medical treatment. They dare not entrust their precious lives to the locals!
Now, you realise the lot of the common people?
For fifty years, the minds of the common people have been completely befuddled by our “caring” government!!
June 4th, 2008 at 21: 59.47
uncle kit, what is your advice to us? We can’t bear all these rising cost…current government gives us big trouble and problem…don’t see them doing any good so far…always LIE…
Parlimen tidak dibubarkan…but then again dibubarkan the day after…
Kerajaan jamin tidak ada kenaikan minyak…all bulshit…today confirmed naik….Naik too much for whole MALAYSIAN!
June 4th, 2008 at 22: 02.34
I don’t think it is very fair to demand a change in govt just because the oil prices are being hiked up. Seriously, what would DAP do in BN’s position?
Those that claim that we shoud cope with this better because we are an oil producing nation have some merit in their argument. But the problem is that we need to know more about the financial situation before making an all out judgment. There are other competing interests on our limited funds. True we have Petronas money, but again I stress that we need more information first.
It might also be noted that being an oil producing nation does not automatically mean that we ought to use other oil producing nations as the benchmark of our actions.
I am not saying that more could not be done, nor am I defending BN. I just think that we should be rational and ask for more information - ask for more alternatives; a more transparent system. If we call for a switch of govts every time prices go up, it will only promote a govt which is LESS transparent since hiding our deficits would be better than being ousted for being honest.
One more thing, perhaps it is about time we Malaysians consider how we can save energy usage. Here in the UK, the movement is gaining momentum. There are many faults with their system, but it’s good to see that the people here are actually trying. Sadly, I haven’t seen the same attitude in Malaysia.
June 4th, 2008 at 22: 03.47
Saudara Kit,
Please ask a written question (in Parliament) all details of long term oil & gas sales to foreign countries. Needed details, are price, quantity, when started and for how many year contracts & and what was the money mainly used for? The public has the interest in it more now then ever.
June 4th, 2008 at 22: 05.27
Please note that my comments are specifically directed at those that shout for change in this blog everytime prices go up. It is not in anyway a call for support of BN’s policies. Don’t misinterpret my intentions.
June 4th, 2008 at 22: 06.15
ATTENTION : PM AAB.
We can still remembered that you had promised to utilise the amount of RM4.0 Billion (RM4,000,000,000.00) saved from the last increased of RM0.30/Litre for Petrol & RM0.60/litre to IMPROVE for Public Transportations!
What happened to your plan? Cakap tak serupa bikin! What have you done with Rakyat’s monies!
WHAT A PACK OF LIES!!! We are VERY VERY dissapointed with you & your UMNO/BN government!!!
YOU GUYS’ TIME IS UP!!! PERIOD!!!
June 4th, 2008 at 22: 08.48
Tomorrow I am gonna ask my boss whether i be getting a 40% pay jump in view of this crazy fuel price increase.
June 4th, 2008 at 22: 10.13
Uncle Kit, is there any subsidization (or increase thereof) of public transport ticket prices to mitigate the effects of petrol price hikes?
June 4th, 2008 at 22: 11.01
9to 5 said “The cost of travelling will have to include:
1. toll charges,
2. amortisation of the vehicle’s cost over the economic useful life of the vehicle, or, for those who have obtained loan financing, the monthly loan repayments,
3. the annual vehicle maintenance cost (tyres, brake pads, engine oil, spark plugs, etc)
4. road tax,
5. Parking; and
6. petrol ”
You missed out on traffic fines. almost everyone gets it and the fine is also going up. So will the “kopi lui” to cops who stop your car for whatever reason.
June 4th, 2008 at 22: 12.39
Ah yes. Its finally here.
Its school holidays and its good to be around.
BUT
The Chinese kopitiam and all the stalls around have already raised their prices some time ago. Go and see all their new prices displayed.
A plate of koew tiaw and other noodles is now RM 4 minimum. Mixed rice is also starting at RM 4 already. In fact everything is already starting at RM 4. Next, the shop owner tells me, the price of drinks, even Chinese tea, will rise very soon. And the mamak shop owner says his roti canai will be RM 1.40 soon and slightly smaller too. Everythings gone up he says, how to make ends meet? He’s already charging an extra 0.30 for every item ordered if you sit in his aircon room. And electricity tariff is due to go up soon. Aiyayyai!!!
With this new rate of RM 2.70, one wonders when will the price of petrol match our exchange rate of US$1 = RM 3.22? Then we will have US$1 = 1 litre of petrol.
Yet Noh Mohd promised some time ago that there will NOT be any price increase this year, no matter what.
Its ironic. The price of oil goes to record highs but our oil wells and fields are all running dry. So you go figure our future.
June 4th, 2008 at 22: 13.35
Being an oil exporter Malaysia would be laughing all the way to the bank. So how come it is losing 56 billion a year.
If the government from the local council onwards start being thrifty we can save quite a lot of money. But then even the PM owns a private jet at our expense. Who pays for the jet fuel?
June 4th, 2008 at 22: 14.13
Hey…slashed! Just don’t trying to bush around!!!
Just have GUTS to voice out loud & clear! Go straight to the point!!!
Are so scared of ISA to be imposed on you?
June 4th, 2008 at 22: 17.57
Concerned Malaysians,
If you are really concerned about Malaysia, you would know that it is just as bad to have citizens that demand a change in govt everytime something go wrong. I merely wish for us to be more rational and reasonable - thus differentiating us from the irrational and unreasonable BN members. Is that too much to ask?
Look at you, my comments immediately spark such a response from you. How would we expect our leaders (whoever they might be in the future, perhaps even DAP) to keep cool headed and honest if they know that the people would snap them up for any problem?
June 4th, 2008 at 22: 18.30
As I write, long queues at all kiosk stations. Why make life so difficult for the rakyat?
They said the hike will likely to happen in August - but they lie…lie…lie….!!!
The rakyat must tighten their BELTS now!
June 4th, 2008 at 22: 21.16
“So how come it is losing 56 billion a year.”
the word “losing” here is misleading …. there’s no payout even for these billions, what losing they’re talking about. it is just amount that is not earned……
June 4th, 2008 at 22: 21.39
And please note again that I never once said that the govt isn’t doing anything wrong or that their policies cannot be improved. I was not defending BN! I was talking about our response!
June 4th, 2008 at 22: 23.35
It’s quite obvious to me that this PM is taking a political gamble.
What he’s doing is cut the fuel subsidy immediately to save some RM4 biliion monthly so that he can have the money to please those Sabah MPs who have been clamouring for more development funds from the Federal Govt.
This person said the fuel price will increase by August but, less than 24 hours later, he implemented it immediately. That’s a saving of RM4 bil for June, July and Aug., making a total of some RM12 bil. Now, he can dangle the carrot in front of those “donkeys” and promise them development funds. This way, the kataks won’t jump ship to the PR in Aug/Sep.
Obviously, he is not afraid to offend the rakyat by taking money from our pockets right away because we can do nothing to him or remove him as PM. With our money, he can now please those Sabah kataks and, hopefully, prevent them from jumping and, thereby, saving his own political career, at our expense.
These are just my thoughts. Boy, do we need a new PM, and a new govt.!
June 4th, 2008 at 22: 25.08
In indonesia the price per litre is rup5500 to 6000 which translate to approx RM2.00. See how geared up is the Indonesian in producing their own food. They plan food crops everywhere, and they sure can survive without food from outside…Can Malaysia do this?
June 4th, 2008 at 22: 26.15
Is it surprising that this should come to pass?
Ours is a resource rich nation with timber, tin ore, rubber, crude oil etc.
Over the years, one PM after another has been increasingly squandering such natural wealth like there’s no tomorrow.
Is it surprising that we are now becoming a basket case?
June 4th, 2008 at 22: 27.36
Are we all going to be charged with ISA if everyone just park their cars on the roads in protest of the petrol hike like what we can see all over EU?=)
1) Malaysia is net oil exporter. why are we comparing petrol prices with singapore? We should compare with Brunei, which is also our neighbour. its only S$0.53 (RM 1.20) there.
2) If comparing with regional petrol prices, why don’t the gov explain the high car prices in Malaysia?
3) Price increase on petrol and electricity will cause a ripple effect on all other consumption. won’t be surprised my roti canai is no longer 1RM tomorrow.
Our PM can announce petrol to be at whatever rate he wants, anyway it won’t affect him as we would still be paying for his transportation.
RM 625 rebate is not enough for those of us who have to commute to KL to work every day.
June 4th, 2008 at 22: 27.54
no mood to celebrate agong birthday this sat liaoo…
this aab so disrespect agong, oil hike price increase when His Highness birthday at the corner…..
June 4th, 2008 at 22: 29.16
Anwar Ibrahim said at Han Chian High School Penang during the campaigning period for the 12th GE that Petronas was making 80 billion ringgit at the time he was Finance Minister and at that time the world spot price for crude oil was probably less than 20 USD per barrel.It has now bloated to more than 6 times more expensive.Petronas has definitely made far more now and where is the money gone.How come the public does not get to know the books of Petronas?
Isn’t Petronas a company of the Malaysian people?Or maybe the profits are siphoned to the chosen ones from UMNOPUTRAS?
June 4th, 2008 at 22: 33.53
At least in other countries, eg, Singapore, they still have alternatives, eg MRT, buses… so high fuel price also won’t affect them too much….But we have no alternative??? all we have is our own car as transport to work.
This means the government want us either stay home don’t work or work for free (salary = transport cost)….bad government…
June 4th, 2008 at 22: 34.02
melurian Says:
Today at 22: 27.54 (1 minute ago)
no mood to celebrate agong birthday this sat liaoo…
this aab so disrespect agong, oil hike price increase when His Highness birthday at the corner…..
Just maybe, His Majesty should declare a state of emergency and rid us af this aab n umno tyrants b4 they run the economy to the ground for good.
June 4th, 2008 at 22: 34.43
To all who are fond of pointing fingers, pls take some moments to reflect on situations in our country and around the world.
We should count our blessings! Ours is a very much subsidised economy. Vis-a-vis the global price of crude oil now, we are paying a comparatively low pump price.
The just announced price increase is in a way inevitable, no matter who is helming the government.
We should learn to cut down on unnecessary spendings and tighten our belts to offset price increases in fuel, electricity, food, etc. etc. In that way we can stretch our ringgit a little further.
Good luck folks!
June 4th, 2008 at 22: 35.03
The government should only increase the petrol price when there is an efficient public transportation system in the country.
Having increased the price of petrol by such a hefty amount (40%), the government should WASTE NO TIME in opening more routes for buses and trains and increasing their frequency of service so as to alleviate the hardship of the middle and low income groups of the Malaysian society.
June 4th, 2008 at 22: 35.53
Instead of building two (! one was enough!) tall buildings with Petronas money, we should ve used the money to create a world class public transport system in our cities. The problem as I see it is a result of years of misappropriation and mismanagement of public finances.
The truth of the matter is that oil prices were always going to rise anyway - if not now, then in 10 years: the further we move from peak oil. We should’ve prepared for the worst, to smooth the transition out. But no, instead we spent the money ‘decorating’ our country and beefing up our image (as well as filling the coffers of certain individuals). This problem should not have been as bad as it was. Today, we have a lack of finances to cope with the oil price increase, incompetent management, AND the lack of public non-financial resources/infra structure to mitigate the problem!
Look at Singapore: their govt thinks ten steps ahead. They are the financial centre of SEA and they are looking to secure that position. When the liquidity crises occurred, they snapped up alot of shares in many leading financial institutions. They’ve secured their own long term interests - these banks cannot just ‘leave’ Singapore now. On the other hand, what have we done?
June 4th, 2008 at 22: 43.54
One4All4One Says:
Today at 22: 34.43 (3 minutes ago)
To all who are fond of pointing fingers, pls take some moments to reflect on situations in our country and around the world.
We should count our blessings! Ours is a very much subsidised economy. Vis-a-vis the global price of crude oil now, we are paying a comparatively low pump price.
you are not comparing like for like. always compare what an executive in any other countries are earning as compared to malaysians. In UK, a fresh graduate gets 2,500 pounds/month and petrol is 1pound. In Singapore, you earn S$2,500/month and you pay S$2 for petrol. and in Malaysia, due to our great government, our RM2500 to pay petrol at RM2.70?? It is not going to provide us with purchasing power to match what other salary earners overseas are earning.
Now thats why there is always going to be a brain drain in Malaysia. No wonder so many PSD and JPA scholarship holders never did return to the country upon their education overseas.
June 4th, 2008 at 22: 44.54
Come on… all buddies, let’s migrate to Singapore together & leave here as No Man Land but full of unsaleable fuel… then all petrol companies leave Malaysia because no business here….hahaha….
June 4th, 2008 at 22: 46.06
I saw badawie filling up his proton at the station just now! ……. NOT!!
I suppose he is in his office laughing at Malaysians! Hahaha! This would mean mo’ money for UMNO to paaaaarty!
June 4th, 2008 at 22: 46.18
How efficiency our public transport? Dear Government, please provide the sufficient public transport before take any action to increase the price!!!!!!
Please increase the income of people before you make any brainless situation!!!!!!!!!!!
Who will be suffering? The Rakyat!!!!!
June 4th, 2008 at 22: 48.17
hey slashed, your argument is reasonable and the rate if we keep the current subsidy until 2012 we’re gonna implode.
But still the govt’s move is unfair and as posters has pointed out:
- ridiculous toll charges with concessionaires getting billions out of rakyat and laughing all the way to bank. Highways aren’t finite commodities like oil and maintainences don’t justify the current rate we have to pay.
- public transport is in shambles. The govt isn’t subsidising RapidKL fuel and have not even come up with an explanation. As pointed out again, promises to improve public transport were mere promises. KTM trains are crammed like sardines in peak hours and punctuality is a luxury!
- car prices and tariffs due to protectionist policies to our local car makers.
the BN govt is still insisting on protectionist, katak-di-bawah tempurung policies like Bumi rights and **** but want us to pay world market prices for fuel!!!! Ain’t that screams a big load of Bullshit?!
June 4th, 2008 at 22: 48.38
“In UK, a fresh graduate gets 2,500 pounds/month and petrol is 1pound. In Singapore, you earn S$2,500/month and you pay S$2 for petrol. and in Malaysia, due to our great government, our RM2500 to pay petrol at RM2.70??”
some ppl so ignorant that they say don blame gov, gov owe you nothing….. jsut ask you boss pay you more salary… heck they think is easy to find job outside like dat. you ask boss to increase your pay, you pay give you termination letter and hire indon to replace you. if the boss is foreigners, they will close down and move to china or india instead ……
June 4th, 2008 at 22: 49.13
I wish all of us can gather and show BN our anger!!!!!!
YB LIM, can PR or DAP organize a campaign of anti petrol hike?!
I suggest we all fix a few hours a day since tomorrow,until one day gov reduce the oil price ,whoever drive on the road press their HONK while driving! Show them our anger!!! f***
June 4th, 2008 at 22: 52.31
How can Msia (a net exporter of oil) hv higher oil price than its neighbour, Indonesia (now a net importer of oil),
RM2.70 / litre, Vs. Rp6,000 (RM2.10) / litre ???
June 4th, 2008 at 22: 53.10
Dun worry VoteDAP, there are definitely gonna be demo, but the problem is dodging FRU’s water cannons and arrest under ISA!!!
June 4th, 2008 at 22: 53.34
Here in the UK the public transport is good so the people can still cope relative to their income. But if you read the news, you’d know that the truckers have been protesting about the price hike. Apparently, it costs them £1000 a week to run a single truck. I am not sure how we’d find a good way to compare without engaging in some complicated economics and mathematics. Simply assuming about our purchasing power is not good enough. Any economists here care to help the rest of us lay people?
June 4th, 2008 at 22: 55.20
this saturday i will be staying at home…most people will do that i believe….expensive to travel about +40% more expensive than before…i believe we need to have peaceful protest to pressure the government to reduce the fuel of price…i believe now even BN supporter and all opposition supporters will agreed to this…i know those vote for BN regretted…they will remember for life…but we can’t wait for the next general election to VOTE OUT BN..it’s too late..that’s mean we going to live with this price for another 4 years or more?
June 4th, 2008 at 22: 56.27
MISHUGINA, VoteDAP
LOL, don’t forget to bring a tennis racket for the smoke bombs.
June 4th, 2008 at 22: 57.25
another protest and walk to istana and petition the agong to dissolve parliament for a re-election? i’m sure if there BN would lose even more seats if there is one..
another point, has anyone calculated their electricity bills with the new scale? mine is going up more than 30% effectively.. ouch..
June 4th, 2008 at 22: 58.00
“Any economists here care to help the rest of us lay people?”
economist tell you subsidy no good - best is lift it, period …. they are mostly bookworms and the theory usually from textbook that does not apply to malaysia…….
June 4th, 2008 at 23: 00.41
Msia (net oil exporter) Vs Indonesia (net oil importer), Diesel price RM2.58/litre, Vs Rp5,500 (RM1.93) / litre ?? Petrol / diesel is also cheaper in Brunei.
U can be sure transport fare (bus, taxi, etc) will naik soon.
June 4th, 2008 at 23: 01.32
slashed, i dont understand you. I hear you that you are not defending the govt policies. You also state that “result of years of misappropriation and mismanagement of public finances”. I will just refer you to the recent events eg. MBB overpriced acquisitions, handling of the 3 yr seat belt implementation vs. saman now, and loads more questionable/silly issues if you have a look at the parliment debates and now today 41% rise in petrol.
If after years “result of years of misappropriation and mismanagement of public finances” + all similar silly decisions for so many years is not enough to call for CHANGE OF GOVT, then what is enough?
Just compare what u see in Msia vs. how difficult issues such as these are deliberated in the UK. 9 to 5 rightly pointed out its funny that the cabinet took pride in discussing this matter for only 4 hrs. Look at how politicians on BBC hard talk are grilled. Look at how the UK MPs got grilled for simply getting over 100k allowances etc. In Msia, you question, you get a ludicrous response (as some put it, the govt sometimes treats us like we were born yesterday)
It is good to see that most of the PR front are behaving like proper MPs debating the issues at hand, but look at some of the behaviour on the other side, really appalling.
June 4th, 2008 at 23: 01.41
This is good start. Let’s start biting the bullet instead of living in the unreal world of over-subsidizing.
For once, Pah Lah, your decision is right and quick.
Bravo.
June 4th, 2008 at 23: 02.18
SEMEJAK PAK LA JADI PM, APA TAK NAIK? OF COURSE NAIK
IF NOT MISS ‘J’ SO SUSAH LOH
June 4th, 2008 at 23: 03.40
In Singapore 1 litre of petrol is S$ 2.33 and diesel S$ 1.76. In Malaysia, its RM 2.70 and RM 2.58 now.
A person earning RM 3,000 pm in Malaysia is paying MORE than his Singapore counterpart earning S$ 3,000 pm.
How do you explain this Pak Lah and Nor Mohamed?
June 4th, 2008 at 23: 05.37
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
June 4th, 2008 at 23: 08.25
not to say singapure makan $S3, malaysia makan rm 4 !!!!! food is close market, like bigmac, and yet sgpura and eat more and save more. malaysians standard of living is getting poorer and poorer!
to ppl like “alternatif”, i know you are rich earning 10k and has alternative to stay at aus, we’re not like you, we live and die in malaysia, we got no where to go!
June 4th, 2008 at 23: 08.29
Dear Mr Smith,
You did claim that PM has a private jet. Hmmnn. Can you prove your allegation?
Yes. Malaysia is an oil exporter country. We produce approximately 700,000 barrel of oil daily. Our oil is of high premium. So, Petronas sells this oil. And Malaysia imports approximately 600,000 barrel per day.
Petronas does make money. It contributes back to Federal Govt billions of ringgit yearly. It also explores oil in some countries like Vietnam, Sudan, Turkeministan, Timur Leste, Bahrain. Much of its earning come from this foreign ventures.
Yes, Thailand and Singapore do not export oil. Yes, Saudi Arabia, VEnezuela, Iran export oil. How muchSaudi Arabia produces daily ? App 8 million barrels. So, do understand that it is unfair to compare the retail price of oil in Malaysia and that of Saudi arabia?
Do understand that Malaysia will be running out of oil very soon.
June 4th, 2008 at 23: 09.25
HOW GOOD IF TOMORROW EVERYONE DRIVE MOTORBIKE INSTEAD OF CAR, THEN WE CAN SAVE PAYING TOL. AND CAN MAKE HIGHWAY COMPANY BANCRUPT.
NO CAR IN HIGHWAY, THEN THE MOTOCYLIST CAN BE SAFER USING HIGHWAY
June 4th, 2008 at 23: 13.27
“Malaysia will be running out of oil very soon”
but that does not give excuse to increase the oil price overnight - NOW!
malaysians should entitled the discounted rate. I’m not against rate 1.5 - 1.9, or maybe 2.2 but there are sources claim that by august the subsidy will be removed completely! completely man, for ppl like me earning 3k (how bout those 2k that has to feed his old parents), middle class living in city, how to survive?
this is not progressing nation, this is regressing nation!
June 4th, 2008 at 23: 16.13
It would be naive to think that PR if the they come into power that they will be able to shield Malaysia from the worldwide economic impact. It not as simple as the Soros fiasco. A short term relief may come from dipping into Petronas’ resources, it is not unlimited. DSAI won’t get my vote if he wants to do that if PR get in.
Let start living within our means and helping fellow Malaysians who needs a little help to tie over.
June 4th, 2008 at 23: 17.33
WHEN BN DESTROY ONE DAY, LET’S SEE THIS ALTERNATIVE CAN BRAVO AGAIN NOT
June 4th, 2008 at 23: 18.58
BRAVO
June 4th, 2008 at 23: 19.52
all the Gov need to do is to buy less submarines and fighter jets, only few days ago DPM was talking about replacing all the Nuri helicopters.
The reason why we should oppose this price hike is it will hurt the economy as a whole. High inflation is not a business condusive environment, we will have foreign investors pulling out of Malaysia, forex will then fall, when RM falls in relation to other currencies, all imported goods will then increase further. At the end of the day, damage done from this would be more felt of by the people than otherwise. GDP will fall as a result of this. And all our bosses will tell us that economy not good, sorry we cant give you bonuses and increments, making us all worse off.
But what do our PM care?
KLCI is going to fall further tomorrow. PM, you are pushing us backwards rather than forward.
June 4th, 2008 at 23: 21.08
The whole world knows that even as the Govt complains about the oil price increase and the corresponding increase in subsidies, it is conveniently silent on the equally huge increase in revenue and profits to Petronas who is benefitting from the global surge in oil prices. The GOvt seems to be in a obscene haste to increase the fuel prices but strangely kept silent on any increases on the price of gas supplied by Petronas to the Independent Power Producers at RM6.40/liter while market price is RM35/litre. The Govt has subsidised these fat IPPs to the tune of RM56b while the people are milked to the max.
It is also strange that the Govt wants to move so quickly to increase the fuel prices by so much so quickly. Is it trying to divert quickly the rapidly increasing profits of Petronas from the subsidy for the petrol and diesels to some other areas which cronies can benefit and before the Govt is taken over by Pakatan/Anwar?
June 4th, 2008 at 23: 24.24
Hoi! Slashed…Sounds like you are one of the cronies who sucked enough money from Malaysia for you to afford to migrate to UK. Please shut up & zipped up your big FAT mouth and stay there…
Malaysia does not need people like you.
We in Malaysia are the one who have to pay RM2.70/Lit in another half an hour time, this price hike has nothing to do with you, so please logout.
June 4th, 2008 at 23: 25.04
After February 2006 after the 30 cent per litre increase from 2005 at 1.62 per litre, the interim PM assured that there will be no price increase in 2006 and 2007.
Today, in 2008 the increase is at 78cents per litre, a near 3 fold increase from the last major hike.
AAB is just accumulating the intangible increase with interest on Malaysians on 2006 and 2007 and waiting to unleash them in 2008.
What a con-man!
June 4th, 2008 at 23: 25.17
Guys, how about these as a solutions:
http://www.teslamotors.com/
http://www.zapworld.com/
wesuffer, i like your msia wide bike idea!
June 4th, 2008 at 23: 26.43
WE SHOULD ORGANIZED A BIGGEST PRICE HIKE PROTEST BY THIS WEEK. PAKATAN PLEASE SHOW YOUR ABILITY TO LEAD RAKYAT WHO VOTE YOU. PAKATAN HAVE ENOUGH SUPPORTER NOWADAY ESPECIALIST IN PAKATAN STATE! SELANGOR , PENANG.
DONT WORRY ! THERE ARE HUNDRED OVER THOUSAND PEOPLE READY NOW. PLEASE DO SOMETHING.
June 4th, 2008 at 23: 27.58
Alternatif,
I work 8am to 8pm every day, and I am single, dont club or spend on anything unnecessary. My salary is considered slightly above average, but I can barely save. I dont have a car loan or even a mortgage. I seriously wonder how can there still be people who support this price hike. Are you going to help those of us who cant make ends meet?
June 4th, 2008 at 23: 33.20
[MalaysiaKini.com:
Perdana menteri mengumumkan struktur tarif baru elektrik yang akan diguna pakai oleh semua pengguna domestik, komersial dan industri di Semenanjung.
Satu struktur tarif baru akan diumumkan tidak lama lagi bagi Sabah dan Sarawak.
]
What msian_msia said which Bodowi is trying to pay Sabah/Sarawak development bills by stealing rakyat’s money is not groundless…After all, don forget the BN/UMNO politician always “uses” us for their own political benefits in our history. This is another typical example.
June 4th, 2008 at 23: 36.21
deathlings,
None of us like the present situation imposed on us beyond our shores. If anyone of us can provide real solutions we should be push for it. You will have the whole world thanking it. Meanwhile, no point getting pessimistic over it. Meanwhile, tighten the belt and help those below the poverty line if we come across them.
Still, another half hour to save yourself 0.7 per litre. I did. Cheers.
June 4th, 2008 at 23: 37.54
[...] blah blah blah incentives, our government may save only RM5+ billion. Contrary, blogger YB Uncle Lim said RM4 billion [...]
June 4th, 2008 at 23: 39.26
I noticed that basically saying the same thing: hikes, living standards, and f**k BN, etc.
The government is at fault, but not because of rising prices. Rising prices will give signals for us to prepare ourselves…it’s the market’s way of steering us.
What we need to ask is: why isn’t our standard of living higher to absorb this? Why isn’t our purchasing power better? Why isn’t our currency stronger? Why aren’t there alternatives in public transport?
…and here is where the government faulted: not creating the right infrastructure, poor transport planning, national car program, and massive corruption. They could hide it during times of prosperity, but when times like this come, the emperor is shown to have no clothes!
Also the previous subsidies have turned the country into a nanny state where people are too reliant on the government. It’s no wonder there’s a backlash!
The government needs to reduce spending, reduce its size (we have way too many civil servants), stop paying its cronies, and give us a truly sustainable economy.
June 4th, 2008 at 23: 43.29
Now government already reduce its subsidy for our fuel…sky roketting…….and still want to increase tariff for Electricity?we can’t afford it anymore!
June 4th, 2008 at 23: 47.15
Got mine filled up with V Power (that can get me through more km wise per $)yesterday. it was obvious from the papers yesterday that the hike would occur. No point queueing for it today.
YB, please ask DAP compatriots in Selangor to organise protests and I certainly would join in=)
time allocate 40% more petrol and approx 30% more for electricity and on the safe side another 10% on all food expenses. thats comes out to an extra 10% of take home pay gone. I am never going to get to paying the downpayment of a house within this decade=)
Come august, I hope there won’t be another hike. IF this is all, then what has August got to do with petrol hike, unless there is another one.
By the way, the media tried to paint a positive picture for the Gov, the effective cost to the refineries and dealers to sell is about RM3.20-3.30 per litre base on current crude oil prices. Certainly NOT RM4.
June 4th, 2008 at 23: 50.24
Not sure what is the logic behind this. To try to punish the rakyat or try to imitate the US Fedreal policy of rebating $600 to everyone that is within certain income. In this case even a billionaire can buy a 2000cc just to get this rebate. However, what happen for those who don’t own a car but have to pay for the rising food costs because of this. Poor people that doesn’t own a car cannot receive the RM$625 but pay back in term of rising costs on food and basic needs.
Another great (full of sarcasm) by our great BN Federal government.
June 4th, 2008 at 23: 52.54
Don’t know where to begin. I am compelled to write this after seeing what is happening on the roads, driving down from Ipoh-KL just then. BN-Gov is taking us as kids handing out rebates like gula-gula. Using rebates to justify the increase & try to cloud those people whom they think can’t count. Look at the massive jams & rush by rakyat to the pumps. The BN-Gov seem to take pleasure in seeing such incidents, which has become scene of Malaysian life since 2004. They are not paying for it, so it does not matter to them.
Before making such brainless decision or announcement, to take away something, something must be given in return to be seen as fair-value to rakyat (tax payers) at least. BN-Gov regards themselves as almighty over rakyat all the time. Countries that don’t practise subsidies for petrol/diesel at the pumps enjoy other perks*. Not to mention their average per capita income could be much higher than Malaysia (YAB Tony Pua would know what I mean). *perks are such as: NO MEANINGLESS APs that don’t benefit the Rakyat, NO tax (except road tax, but reduce) to reduce price of cars/vehicles, NO TOLLS, NO TAX on spare parts, etc.
On average per capita income, take Australia. The apci is say around AUD 35,000 today. The price at pump is AUD 1.50-1.60/ltr. Malaysia apci if not wrong at RM 25,000 & we pay at the pump now at RM 2.70/ltr. Price of Toyota Camry in Australia is AUD 40-45,000 (depending on variant)…price of Toyota Camry in Malaysia RM 140-180,000. Price of cars engine <1500cc around AUD 20,000 (Honda, Toyota, Holden). In Malaysia, cheapest Proton around RM 25,000 (1300cc). Price of quality home built on 6000sq.ft land say AUD 350,000 (30-60min from city). Price of link-house 24×75 RM 350,000 (complete with low quality fittings from C***a). Figures are not exact but that’s the gist of it. Our currency may have gained against USD but lost quite a bit to others like Euro, AUD, GBP. Tolls are only confined to CBDs in Australia or certain bridges. To those small minded ones, this is a comparison. Just like when oil prices are compared to non-oil producing nations like Singapore, whose apci i was told nearly SGD 40,000. Shall not mention income tax to complicated matters…let’s go back to the topic.
In the first place, what subsidy? First, we need to look at the cost of oil production - did it increase that much? Then we look at the world market price for OIL PRODUCING nations to EXPORT their oil or commodity price for crude oil. Also, whatever happened to the so proudly declared 40B subsidy saved in the last pirce hike? Asap pun ta dak.
The 56B saved only exist on paper by BN-Gov. In reality, PETRONAS will gain that 56B or more while we pump at the stations. The question is what PETRONAS will do with the 56B GAINED from the rakyat. It is quite obvious WHO will gain from the 56B “subsidy” & for what purposes, be it personal or political. The word “subsidy” has been used frequently to fool every rakyat as the marketing propaganda by BN-Gov since 2004. The 56B GAINED by PETRONAS should be enough to pay off all the TOLL-CONs so that all the shareholders (cronies) can retire & leave the country. Pay-off all the interest & debts. Nationalise the highways & truly become “FREEWAYS”. PETRONAS should bear the cost of maintaining the roads to be seen as facilitating for customers. Consider it as customer-service.
Other questions: at what price PETRONAS pay the gov for the oil? How much are exported & at what price? Are we selling our most precious resource at a lower rate to other countries, in return hurting our own industry (primary & agri)?
56B gained by PETRONAS will be at the expense of rakyat, industry & long chain of supply. So at the end of the day, why the price hike? If PETRONAS is for the rakyat, we should be paying price of oil like those other OIL PRODUCING nations. Instead, we are being forced to pay & will continue to pay NON-OIL PRODUCING nation prices. No surprises the 56B gained by PETRONAS will be used for meaningless mega-marked-up projects to suck the funds dry before the next GE, or maybe SNAP-GE or UMNO-GE.
Forget about demanding BN-Gov to improve public transport. They don’t even use it themselves. So, they don’t know what public transport means. Plus, it will not benefit them personally ($$$ wise). So, the best is, use up the 56B to pay off all the TOLL-CONs nationwide. NO SUBSIDY, NO TOLL. This is probably what they are expecting. All TOLL-CON cronies can cash-out now before it’s too late. Look at it as a sign of BN-Gov pressing the eject seat as the plane is nose diving.
When we do become NET OIL IMPORTER, did we ask ourselves: who will control the import price & who will benefit? I smell something rotten here. Will it be another “BERNAS” in the making?
June 5th, 2008 at 00: 00.35
On a lighter side, are those used (2nd hand) 4×4 , SUV & etc going to be more affordable now ? Of course provided if we can afford the petrol first !
June 5th, 2008 at 00: 03.53
It certainly smells like a bail-out plan for such haste…”to Perth here I come…will get new golf clubs while I am there”.
June 5th, 2008 at 00: 08.14
PJ boy has a point. Something needs to be returned.
Well, it has been proven in many places that government intervention always bring about corruption (perhaps except Singapore). Another thing is that the more you subsidize, you actually pay more eventually.
I’m all for a SMALL GOVERNMENT. This means minimal tax, no tax on productivity (INCOME TAX). Without taking our money in the first place through taxes, the money can be spent at the right places. With less taxes we improve our productivity and improve our purchasing power.
Don’t depend on the the government, because all they can do is corrupt it. I’m worried about the trend towards more and more socialism…socialism relies on governments to breast feed the people…it’s just like the NEP…we get people who are too ‘manja’. Another things is socialism has a knack of tranforming into fascism and eventually communism. Let’s not go there.
It’s fine for Petronas to earn more…why to let the rakyat become its shareholders? By being run in a more private way the government can’t touch it as their never ending piggybank.
June 5th, 2008 at 00: 11.56
It could also mean somebody’s pocket is running dry of funds for political business…not to buy over PR MPs but to prevent BN MPs hopping over to PR. How ironic it can be if true. Thus, the hoppers are holding BN-Gov ransom?? Possible leh.
June 5th, 2008 at 00: 12.29
Typo: “why *NOT let the people become it’s shareholders?”
June 5th, 2008 at 00: 31.44
Ppl who voted for BN, U hv NO RIGHT to complain on this, OK, & dont argue if yr friend blame U for this !
June 5th, 2008 at 00: 36.54
I gather price of rice in China still the same. No increase & no cutting back on consumption. Price of VW cars in China as cheap as Proton here in Malaysia. Imagine VW cars in Malaysia as cheap as Proton in Malaysia…are we being shortchanged?
June 5th, 2008 at 00: 37.27
cheng on soo,
i guess the only people who voted for BN are those ppl who flourished under BN rule and couldn’t care less about our sufferings.
All the cronies would not be complaining this hike, they would be laughing their heads off, with more funds for them to remit to their swiss acocunts.
June 5th, 2008 at 00: 38.31
This is a big pain in the ass… Life has not been good and now it is becoming worse!!! By saving so RM56 billion, how can goverment make full use of the money to make our Public Transportation more effective??
PS
Our credit card debts will also increase!!!!
June 5th, 2008 at 00: 44.47
In Bangkok, not sure if also rest of Thailand, can fill NGV almost at every petrol station or next to it. Even my friend Camry can come fitted with NGV system. This is what I call a pro-active gov that think of the people. Price of NGV in Thailand similar to Malaysia, but it’s well facilitated (not only in Petronas). Price of cars (Toyota, Honda, etc) also cheaper than Malaysia by RM 30-50K.
June 5th, 2008 at 00: 48.26
goodnite fellow malaysians. got to sleep well & earlier tonight. may have to use bicycle to get to work from now…:(. need all the rest can get.
June 5th, 2008 at 01: 12.01
A fisherman caught a sea bass and cooked it for his son to eat. Before his son could eat the sea bass, the father asked his son to pay up $10.
The son thought that the fish was caught abundantly from nature and therefore at little or no cost, asked his father why.
The father said “son if I buy that fish in the market, the fish would cost you $15. Therefore, you should be thankful that I’m asking you to pay only $10 because I had subsidised $5 for you!
*************************************************
Substitute father with Badawi and son with Malaysians and you will see how the BN government has hoodwinked us all these years!
June 5th, 2008 at 01: 14.10
Oh My God Oh My God!!!! KAMI SAYANG PAK LAH…. SAYANG SANGAT SAMPAI KAMI MENANGIS KESAYANGAN!!!!!!!!!!!!
June 5th, 2008 at 01: 16.31
THANKS TO ALL SIMPLE MALAYSIAN WHO VOTED PARTI BARANG NAIK WIV A SIMPLE MAJORITY.
HOW PARTI BARANG NAIK TREAT BACK THE SIMPLE MAJORITY MALAYSIAN?
FUEL PRICES INCREASE RM 2.70 PER LITRE
ENERGY COST INCREASE 20%
MALAYSIAN BUYING HIGHER COST NATIONAL CAR COMPARE TO SOUTH KOREA PRODUCING THEIR OWN NATIONAL CAR. WHY OUR NATIONAL IS SELLING AT CHEAPER COST IN FOREIGNER COUNTRY? NOBODY INTERESTED IN OUR CAR BECOS IT IS USING INFERIOR QUALITY PRODUCT FROM CRONIES SUBSIDIARY. OUR NATIONAL CAR CAN ONLY BE SELL IN THIRD WORLD COUNTRY.
MALAYSIAN ARE PRODUCING OIL, BUT OUR OIL IS MEANT FOR OTHER COUNTRY LIKE CHINA, THE COMMISSION ALL POCKETED BY COMPANY WHO FACILITATE THE DEAL. ASK URSELF, WHAT RAKYAT MALAYSIAN GET FROM ALL THESE OIL DEAL WITH FOREIGNER COUNTRY? THE GOVT. SAID IT IS OSA (OFFICIAL SECRET ACT) CAN’T BE QUESTIONED.
IN THAILAND, THE INDONESIAN MAID IS DRIVING A HONDA CRV TO THE MARKET, BECOS IT IS CHEAP THERE. BUT HERE EVEN A KELISA WILL COST MORE THAN A REASONABLE CAR FROM FOREIGNER COUNTRY.
June 5th, 2008 at 01: 18.41
“have to use bicycle to get to work from now”
I think a decent mountain bike or racing bike will cost more these days.
June 5th, 2008 at 01: 25.24
even mountain bike wont do any good. our city road is much challenging than the mountain. we NEED TO RISE. i’m really pissed off right now and cant sleep. need to make new budget with this price hike. i’m so going to be soo slim by the end of the year.
June 5th, 2008 at 01: 52.38
Can I ask one very simple question, at the risk of being labelled ‘unfair’.
now, really and honestly, do you think PM Pak Lah really understands all these ‘ups and downs’. Yes, he has made all these announcements, but does he understand its impact: the toll on people’s lives, how to ameliorate effects of increases, how to stimulate the economy to provide the people with competitive incomes and a first-world standard of living. It shouldn’t be the first family only and all UMNO cronies that get to enjoy all the fine perks of life.
My guess is: Pak Lah doesn’t understand. ANd he never will. In a manner of speaking, it’s just too late to teach an old dog new tricks.
June 5th, 2008 at 01: 57.45
Dear YB,
We are expecting this for a long time already. The solution now is how are we going to offset the increase with change of life style, drive less, NGV conversion etc.
I know of one Water4Gas kit that can help save 30-40% of fuel consumption. Check it out at my block.
http://shiokguy.blogspot.com/2008/06/petrol-price-hike.html
Shiok Guy
June 5th, 2008 at 02: 27.41
Mr Lim,
Maybe you can pupose that it is tax free for all Hybrid cars import into Malaysia. This will at least help to ease some of our problem.
June 5th, 2008 at 02: 28.35
StJames
I very much appreciate your comments. I stress again that I was speaking against those call for change MERELY because of every little problem we face - this is an advice against certain dangerous ATTITUDES that people here seem to have and hence a call for REASON first and not a defence of BN.
But I do in fact think that the govt has made a mess of it. But the administration throughout the years has changed although the same party rules us. I blame the govt in the past for not being forward looking enough and for their corruption. The problem we have IS MUCH WORSE than it should be. But at the same time the problem we face today is universal. The present govt ought to do their best to solve it and we can do better than to call for an immediate change of govt. There is nothing worse than instability at the moment.
One thing that I have noticed since the so-called political tsunami is that alot of people are increasingly becoming like the enemy we wanted to fight. Alot of the people here have so much hatred for the administration that they’d bring out the torch for every little problem the govt faces/caused. They think that anyone that oppose their view is for the govt - like Concerned Malaysian above who has called me a crony of BN. What I see is that alot of people here are exactly the same as those supporting BN. The difference is that these people are on different teams: same mentality, different teams *sigh*
I hope you understand my worry. When I posted that I wasn’t defending BN I wasn’t. I stressed that I wasn’t saying that they were not wrong either. I merely wished to call for more reason among cert