Crude Oil price hit another low again at USD67.21/barrel, but the lowest was USD66.71/barrel few days ago.
This level is much, much lower than even before the government hike the Retail fuel price in June 2008 by 78 sen, as a matter of fact the price had actually gone back to the level of price for 2007. When the govt announced the hike the Global crude price was around USD117 to USD120/barrel. (Click here)
Therefore we strongly urge the government to bring down the prices of petrol and diesel to its previous price of RM1.92 and RM1.58 respectively.
If the Malaysian government had acted wisely, 1) we would not suffer severe inflationary hike, 2) complicated subsidy scheme for prices of diesel for fishermen, boat owners and transport operators, 3) cash rebate payment to fishing vessels, 4) surcharge for bus fares, 5) rebates for road tax, etc.
It really shows that we are now no longer subsidized by the Malaysian government, instead it seems like we are paying premium for our fuel.
No comments:
Post a Comment