Wednesday, June 04, 2008

RM 4/liter by August?

If the new subsidy scheme implemented by August 08, then i am considering of using back my bike or to be more environmental friendly use my mountain bike to work subjected to the condition of my left knee of course.

Imagine RM4 per liter of petrol, more than double. Meaning from RM 130 to more than RM 260 and my wife from RM 200 to RM 400. As we all still not sure who and who are entire to enjoy part or full subsidy of fossil fuel. I guess government will based on IRB to decide who are eligible to enjoy the subsidy.

Then you also can imagine what is the price for a roti canai, foods, transportation, utilities........ all interlink to each others.

We have 2 more months to think and figure out how to "change" our lifestyle. But should the government first stop all the corruptions which Malaysia loss more money than subsidies? Then what about the huge profit gain by Petronas due to the skyrocketing fossil fuel price? Why still sudsidy IPP?

News from The Star:

Shahrir: New fuel subsidy scheme only in August

KUALA LUMPUR: A new fuel subsidy scheme will be fully implemented only in August and today’s announcement is only one of the steps in the revamp, Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said.

“Any announcement by the Prime Minister (today) should be seen as a part of the implementation and not the final step,” he told a press conference after opening the 1st Malaysian Construction Summit 2008 at the Putra World Trade Centre here yesterday.

He said a full subsidy system could not be immediately decided on now, as the Finance Ministry was still evaluating proposals.

Shahrir said he did not think his statements contradicted those made by the Prime Minister.

On Monday, Datuk Seri Abdullah Ahmad Badawi said the Cabinet would decide today on a new fuel subsidy scheme and that it would be implemented immediately to prevent speculation.

Shahrir said the subsidy revamp could result in petrol pumps selling fuel at market prices.

However, he said it was impossible to have a price increase without some way of helping the lower income groups.

“The idea ultimately is to increase the pump prices according to the market prices. At the same time, we need to deliver subsidy to Malaysians,” he said.

Shahrir said that there must be a system to the subsidy mechanism, which would either be in the form of cash income subsidies or a quota system effected through the MyKad or car registration number


【本刊陈子莹撰述】甫在昨日放话在八月公布的新燃油津贴机制,将会使到国内的零售燃油价格会调高,国内贸易与消费人事务部长沙里尔(Shahrir Abdul Samad)今天再透露,在新的燃油津贴机制下,新的燃油价格将反映出国际原油价格的走势。






据《Financial Daily》财经日报的报道,完整的燃油津贴机制不仅针对国内燃油的零售价格,同时也包括了给予发电厂的燃料津贴。发电厂的燃料成本,就直接影响了国能向人民征收的电费机制。




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