Malaysia = RM 2.70/litre
This chart is not shown by our national newspapers.
Is it really necessary for a oil exporting country like Malaysia to follow the market price or futures price of petrol? You tell me.
Do we need a Fuel Hike?
Malaysia = RM 2.70/litre
This chart is not shown by our national newspapers.
Is it really necessary for a oil exporting country like Malaysia to follow the market price or futures price of petrol? You tell me.
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8 Responses to "Do we need a Fuel Hike?"
6.6.08
You mean those countries don't produce gas?!??!
Wow. I learnt something new today:
NEVER TRUST INFORMATION GIVEN OUT BY BLOGGERS.
And before you put out that chart, perhaps you would also like to check out the quantity of oil we are exporting compared to say, Venezuela or Saudi Arabia.
What I think is, we should compare the living standard, income and the disposable income of the citizen. Comparing the petrol with other countries doesn't really helps in debating. From what I see, as long as our income is not increasing, we're all not ready for the new price yet.
6.6.08
Hey Vincent,
Actually the chart list out countries that produces gas ('petrol') and it just states that Malaysia should not be compared to countries that dont produce gas/petrol.
Hi Hyperx,
I think thats a good way to compare as well. Do you have any chart/info?
6.6.08
It's not abt doing benchmarks against countries who are producers, but the single fact of the degree the market price of oil has gone way above a level to practise a subsidy that is not sustainable when later the market price goes any higher, and we are suddenly forced to go there at that level with lil of preparation, that would be even worse...
9.6.08
i think we r not ready. it shud have been done gradually since some time ago. they left it for too long.
I like that Venezuela's RM0.16/liter. Wakakaka
Referring to
http://tonto.eia.doe.gov/country/country_energy_data.cfm?fips=MY
, Malaysia produces 588.22 thousand barrels of oil per say and we consume only 501 thousand barrels per day (forecast value as of May 16, 2008).
Why do we need to follow the world oil price as we are making enough oil for our own use. Where goes all the oil we produce? Can someone please explain to me?
The BN government has certainly lost the plot. To introduce such a drastic increase on what is considered as essential cannot be in the best interests of the people. If the coffers of the government are empty, the right thing to do is to come out transparently to the people and explain as to how this has happened.
Subsidising petrol for the common man seems to be such an effort, whereas bailing out failed businessmen to the tune of billions of ringgit is done brazenly and without any regard to the actual interest of the Malaysian people.
Why couldn't some form of notice be given? Was there a need for an eleventh hour announcement? The working poor would need to make significant adjustments to their lives and it would only have been a humane thing to do to give them some time to adjust.
Is this a government by the people for the people or is this governing by a chosen few for the interest of a hand-picked elite? There should be a study carried out as to the true rate of inflation in the country, and not the suppressed figures which are being released by the government.
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