I think however the government tries to give back some form of rebates to the lower income, the system will be subjected to abuses in one form or another.

RM 625 can only buy 231 ltr petrol (or under 4 full tank for 60 ltr tank) & 242 ltr diesel (or around 3 full tank for 80 ltr tank).

Furthermore, what is RM 625 to someone driving new BMW 320-series. For someone who owns 10x BMW 320-Series, will get RM 6250 rebate.

As for motorbikes, the RM 150 rebate (approx. 55 ltr of fuel) will probably last them 2-3 months just to get to & fro work.

The rebate system should be incorported into the personal or corporate income tax. This is so that the person who owns 10x BMW 320 do not get RM 6250 rebate & the poor guy who owns 1 kap-chai gets a better rebate than just RM 150/year. Even 10x kap chai only RM 1500, 4x less compared to RM 6250. The type of vehicle owned must be declared in the income tax form.

We all know well who pays tax & who doesn’t !!! So, why do those who own 10x BMW 320s & don’t pay tax, get away with rebate or fuel-subsidy??? Just a an idea to explore. The current system is ridiculous & still open to smuggling of precious resource being sold illegally.

a friend of mine is a surgeon in a goverment hospital.with his monthly salary around rm 5-6k ,he got 3 childrens and his wife is a housewive. with the increase of fuel price and the chain reactions cause by it,he is going to private or migrate to singapore. he just summit his resignation today,even a guy with this monthly income is affecting by this))

now lets look at fate the group of people which the government had denied the request for minimum salary of RM1,000 recently.

BEFORE FUEL INCREASE…..
2 MEALS A DAY, NO TV, NO ELECTRICITY

AFTER FUEL PRICE INCREASE……..
1 MEAL IN 3 DAYS
(PLAIN RICE WITH SomE VEGETABLES -CAN’T afford meat and fish)

i mean the protests and demos.  how could our PM be so stupid as to invoke god’s name and hope there will be no protests. in malaysiakini you can read news report of protests here and there, all over!  
on 5 june, there were prote…

While motorists around the world are feeling the pain at gas pumps, Venezuelan drivers are enjoying the cheapest petrol in the world.

However, it’s not all good news, as Al Jazeera’s Lucrecia Franco explains from Caracas.

http://youtube.com/watch?v=hwxXN4NM8fc

There should be an incisive surgery to remove the tumour if the patient, Malaysia, is to have any chance.

Interestingly we have a government who despite freely and irresponsibly sending tax dollars tells its people to change their already obscure lifestyle, pushing its very people to the brink of collapse. I wonder, in the 4 hours of ‘brainstorming’ did they ever once consider the chain of events that will see the increase in cost for a majority of goods and services? Or was the decision made on a toss of a coin?

Interestingly, ministers are allocated allowances for petrol and various cost of living needs. Ministers are the servants of the nation, instead I would think these very servants should be stripped of these expense allowances as they have not earned their keep by simply mismanaging resources and tax monies collected. I think the country should be run like a corporation and the executives receive their bonuses if they perform and not otherwise. So, PM can please explain yourself?

The people of Malaysia ask not for subsidies, however we ask for the Government to not waste resources like they frequently do. Time for the Government of Malaysia to tighten up their belts and change their lifestyle!

With crude oil at that rate, petrol is at about 3.50 per litre, with the 30 cents that Government promise, we in for another price hike possibly within the 2months period. Soon we will all be turning back 30years in time and all will be cycling to work.

Now comes the magic confusing part!!

Increase by RM0.30 (RM2.70 –< RM3.00 [market price])
******************************************
Subsidy Before Savings = RM42 billion
Savings = RM42 billion ?????!?!?!
Subsidy After Savings = RM0.00 (since there is no more subsidy aka fuel at market price).

————————————————————-

AAB failed stats, he can’t do math. Anything complicated will cause his tiny brain to go in to a fit and shut down zzzzzzzz. He has been caught sleeping on the job…..guess what was he doing during lectures? AAB doesn’t have much room for a big brain when it is located on the other head. :0)

Malaysia is blessed with many natural resources. For the past 50 years and with the current high prices of petroleum, natural resources such as palm oil, rubber, tin, aquaculture, forestry products, etc, Malaysia’s coffer should be brimming with money.

The money could have been used to build highways, schools for every race, reduce tariffs on cars including national cars, reduce prices of utilities, road taxes, personal income taxes, food, school fees, etc.

In a well managed economy like this, there is no need for subsidy.

But instead of using the nation’s coffer to build and provide roads, highways, schools, reduce car tariffs, cheap electricity, cheap food, school fees, etc, the BN government splurged on wastages and non-prioritised projects. Lopsided contracts were given to cronies to squeeze the citizens even more.

That’s why the subsidy system came into being – to relieve the financial burden of the citizens. The subsidy system in Malaysia exists only because of the deeply entrenched crony system – it goes hand in hand!

If the BN government want to get rid of the subsidy system of oil it must also get rid of the crony system. It cannot just get rid of the subsidy system but retain the blood sucking crony system with escalating prices on toll (toll concessionaires), electricity (TNB), water (Syabas), telephone (Telekom), rice & flour (Bernas), Astro, excise duties on cars (Proton).

It is not only wrong but it is a double whammy on the citizens! The citizens have to pay high prices for oil and for daily basic necessities for tolls, electricity, communication, entertainment and foodstuffs.

It’s like throwing the citizens to the wolves!

Look at the obscene amount of profits made year after year by these toll concessionaires, TNB, Water Authorities, Telekom, Astro, Bernas, Proton, etc, by milking the citizens who have no choice but to use the services of these monopolistic or oligopolistic companies!

The subsidy was there in the first place to protect the poor citizens because of the secretive, lopsided agreements signed by the corrupt BN government with their cronies.

Now, the subsidy which is the only protection left for the citizens is removed without dismantling the blood sucking crony system by reducing the prices of tolls, electricity, water, foodstuffs, cars, etc, is it not the BN government is abandoning the citizens to be eaten by wolves?

Increase by RM0.78 (RM1.92 –> RM2.70)
*******************************
Subsidy Before Savings = RM56 billion
Savings = RM14 billion
Subsidy After Savings = RM42 billion

Now comes the magic confusing part!!

Increase by RM0.30 (RM2.70 –< RM3.00 [market price])
******************************************
Subsidy Before Savings = RM42 billion
Savings = RM42 billion ?????!?!?!
Subsidy After Savings = RM0.00 (since there is no more subsidy aka fuel at market price).

I can’t understand how increasing by RM0.78 saves us RM14 billion, then increase by another RM0.30 saves us RM42 billion? The maths just ain’t right..can anybody offer an explanation?