Okay, you tell me what the local petrol price should be now, bearing in mind that they have removed subsidies completely now.
Of course, we also need to factor in the need to conserve scarce fossil fuels.
I think RM1.80 without any subsidy would be a more acceptable price now, taking into account the need to bring down food prices and stimulate the local economy while trying to encourage fossil fuel oil conservation and prevent wastage at the same time.
Thanks to Ong Eu Soon for compiling this chart:
| Petrol price | Global crude | |
| RM/litre | US$/barrel | |
| 01/10/00 | 1.20 | 35 |
| 20/10/01 | 1.30 | 20 |
| 01/05/02 | 1.32 | 26 |
| 31/10/02 | 1.33 | 28 |
| 01/03/03 | 1.35 | 31 |
| 01/05/04 | 1.37 | 38 |
| 01/10/04 | 1.42 | 47 |
| 05/05/05 | 1.52 | 48 |
| 30/07/05 | 1.62 | 57 |
| 26/02/06 | 1.92 | 63 |
| 05/06/08 | 2.70 | 120 |
| 17/11/08 | 2.00 | 55 |
But then they have gone and based the country’s national budget on a much higher oil price, with a higher budget deficit projected! They really have to come up with a new budget now.
Says blog reader tan, tanjong bunga:
The recent budget is out-of-sync with the current oil price of US$55-56 per barrel.
If the govt does not review its budget based on current situations, we can expect the govt to maintain the price of petrol at RM1.92 to RM2. The extra RM billions obtained from no subsidy plus sales profit from petrol would offset to a certain extent the shortfall from its projected revenue from the oil industry. In doing so, the govt is actually imposing an oil tax on the consumers! This is in effect adding insult to injury of no 30 cents subsidy!
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Looks like when they mentioned about a maximum of 30 sen per litre subsidy for the rakyat, they actually meant to charge us a max of 30sen premium.
Some brainless idiots that I have come across told me it is ok as the government need the funds for development. How ignorant!!
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We have the most “creative” politician in the world! They know how to “use” those money. So no worry. Besides, this is the last chance for them to get as much as possible before the next GE. So don’t blame them not able to lower down the patrol price. After that you will see all of them migrate to oversea and having banglo in various countries. Malaysia Boleh!!
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where the hack is our 30 sen subsidy??????
I’m wondering..pakatan can sue the white haired Dato…. he made public on 30 sen stuff… and now he broke the promise…he already broken the law as when he made public, contract had been established ( remember read it somewhere about law stuff)…. so, DAP, PKR, Pas…..u know what to do….got so many lawyer there….
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Did anyone mention RM625 cash rebate? looks like everyone forget it.
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have you considered movements in MYR/USD also?
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the exchange rate is RM3.8 to US$1. Now the rate is RM3.4. Therefore the actual price should be lower than the price on the chart
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If the government all these years had been sincere to the public without hanky panky or imposing OSA whatsoever in their decision making where everything was opened up under broad daylight for public scrutiny, we wouldn’t be here today arguing what is the fair value for the fuel price. Seems like now the government is getting very careful and confuse instead in disclosing the fair value for the fuel price and fuel subsidies as there were simply too many hanky panky and hidden hands behind the scene manipulating the figure and now everyone is confuse what is the fair value; to the extend of LYING to the public when the fuel price going to drop! …
Hey En Sharir, tell us straight in the eyes what is the fair figure and what are the basis. If you intend to carry on this type of hanky panky policies or culture in the government decision making, for sure you and your gomen will not have good night sleep in the coming days. Rakyat are getting smarter each day in the internet age.
ps: In the first place, Pak Lah should not have raised the fuel price by 40% in one shot. Tell us which countries in the world can withstand KO punch of 40% raising in overnight fuel price. Biggest blunder of the yr in Pak Lah administration and they are asking people to drop price overnight?! In your dreamlah Pak Lah!
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it was stupid of badawi 2 raise petrol price hastily by 40% – now price of things will not come down – we must thank tidurwi 4 that
shahrir – i have no more respect 4 u – u have lost yr principles; now u r just another of their ministers – no more fighting 4 d people, only 4 umno
i can c d difference between u n zaid now – where is d shahrir who resigned from PAC on a matter of principle?
u should be fighting 4 a ceiling price not 4 a floor price-if u r the same shahrir who dared 2 go against mahathir 4 yr beliefs
if pakatan rakyat reduces the petrol price 2 fair level n gives back the petromoney 2 the people , there is no way barang naik bn can win back the govt from pr
rakyat , remember that the barang naik bn govt has NEVER ever reduced petrol price in its history
the reductions now r thanks 2 a strong opposition
see the benefits of a strong opposotion that we have been missing 4 50 yrs
i never believed mahathir when he said that malaysia does not need an opposition
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What about electric tariff? It should go down too right?
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Public transport need to be improve but security of the area also must be consider. How good the transportation provided but if the consumer feel not safe to travel around also will not solve the problem.
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old price was subsidized, price now is not. that explains the difference. no big deal here …
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