(The Sun) KUALA LUMPUR (Feb 21, 2010) : The government is expected to announce a price increase of 10sen a litre for RON95 petrol and diesel when the new fuel price mechanism is revealed in mid-March, Sin Chew Daily reported today.
The price of RON97 will also be increased but there is no decision yet on the quantum.
RON95 is currently retailed at RM1.80 a litre, RON97 and diesel at RM2.05 and RM1.70 a litre respectively.
Finance Ministry sources said the government has decided to raise fuel prices as it cannot provide more subsidy needed to maintain fuel prices at current levels following a spike in global crude oil prices.
The government believes an increase of 10sen a litre is acceptable to the public.
The sources also told the daily the government has yet to come up with a fuel price mechanism that is acceptable to all quarters, and as a result it may put off or may even be forced to abandon some new measures that are already in the pipeline.
“Plans were afoot for the registration of vehicle owners and their MyKad through Maybank and petrol kiosks to begin in April under the proposed ‘one vehicle owner, one subsidy’ fuel subsidy mechanism. It looks like the plan may not take off.”
The sources said the cap on selling 20 litres of petrol to foreign cars near Malaysian borders will continue to be implemented.
Meanwhile, Petrol Dealers Association of Malaysia president Datuk Hashim Othman believes that foreign car owners will pay the market price when the new fuel price mechanism is introduced next month.
He said the government’s main intention is to provide subsidy to those who qualify for it, to protect the interest of the lower and middle-income groups as well as save on expenditures.
Comments (22)
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written by avalon, February 24, 2010 12:52:48
written by avalon, February 24, 2010 12:52:48
i still remember che det's argument that M'sia still enjoys one of the cheapest price for petrol in the world and how does this idiot justifies his point? By converting foreign petrol prices to RM and then compare!! Back then I was still in secondary school, without much knowledge in finance/economics but yet I could easily see a big flaw in his stupid argument. At that time I remembered he actually made the remark on TV!!
Hello!!!?? Do you think we Malaysians are that stupid is it? We didn't buy the reason given then, what makes you think we will be buying this latest excuse?
Hello!!!?? Do you think we Malaysians are that stupid is it? We didn't buy the reason given then, what makes you think we will be buying this latest excuse?
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written by lynn, February 24, 2010 12:29:58
written by lynn, February 24, 2010 12:29:58
Come mid-March, petrol/diesel up 10 sen. Not many people are even talking about it. Food prices will rise across the board as transport costs will be 'affected'. Then when prices go up, they will not be coming down anymore, short of a miracle like a massive economic collapse in Bodohland.
TNB intends to raise electricity rates in March - any news on this? You know what is going to happen? Many families with many kids are going to suffer. It's a pity bcos some of these people had been supporting BN blindly for decades. It's called "You Asked For It".
TNB intends to raise electricity rates in March - any news on this? You know what is going to happen? Many families with many kids are going to suffer. It's a pity bcos some of these people had been supporting BN blindly for decades. It's called "You Asked For It".
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written by Rainbowseahorse, February 24, 2010 06:52:31
written by Rainbowseahorse, February 24, 2010 06:52:31
Najib is just being realistic!
He knows his government will become bankrupt when oil money runs out.
Don't you all see the many measures that he has already or is gradually putting into place to generate revenue for his government?
No government can spend money like the BN government has been doing for the last 53 years and expect to continue doing so forever.
I personally am watching how najib plan to tackle & handle the single biggest budget eater in his government..i.e.rampart, gross, and totally destructive CORRUPTION!
If najib can get a handle on and to control the corruption situation, then he is worthy of being the PM of this country Malaysia.
He knows his government will become bankrupt when oil money runs out.
Don't you all see the many measures that he has already or is gradually putting into place to generate revenue for his government?
No government can spend money like the BN government has been doing for the last 53 years and expect to continue doing so forever.
I personally am watching how najib plan to tackle & handle the single biggest budget eater in his government..i.e.rampart, gross, and totally destructive CORRUPTION!
If najib can get a handle on and to control the corruption situation, then he is worthy of being the PM of this country Malaysia.
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written by lakian, February 24, 2010 03:30:28
written by lakian, February 24, 2010 03:30:28
Oh 10sen!you people should not grumble about the raise.You can stop runing the car if you are not happy.you can stop eating,drinking if you think the prices are too high.Umno doesn't force you.The govnt is poor,the ministers need monies to entertain their cronies,umno need to feed themself and their brothers and sisters or other wise they can not manage this country.Since already 52 years you rakyat have came along should you not used to it if not you are better leave this place and find new paradise.should i suggest umno bn to increase by 50 sen!10 sens you are too kind already.
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written by Divine, February 24, 2010 01:41:22
written by Divine, February 24, 2010 01:41:22
This Hamidah woman is the one who made the racist remark about Indians and the snake? Wee good that she believe she will never become MB....
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written by Aria, February 23, 2010 09:58:37
written by Aria, February 23, 2010 09:58:37
Why is petrol costing so much in an oil rich country? Maybe because all of Malaysia's money is being stolen !!
So the government has to tax higher.
10cents here 10 cents there soon it will many ringgit. If we don't get rid of UMNO we are all doomed.
So the government has to tax higher.
10cents here 10 cents there soon it will many ringgit. If we don't get rid of UMNO we are all doomed.
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written by philip25, February 23, 2010 09:54:36
written by philip25, February 23, 2010 09:54:36
Tax tax tax and screw yhe rakyaat. When Oil in the world market was $140 a barrel we paid 2.70 for petrol. Now the price has come down to $70-$80 a barrel and they want to increase. We a petrol producing nation but the people don't get any benifit. Look at Brunei and other oil producing nations. they have NO INCOME TAX BUT HERE WE PAY through our nose. Taxes on cars are about the highest in this region(don't compare spore as they have no oil) Only the ministers and top guns enjoy the fruits of this nation. Credit Card tax now petrol tax. What next!!!!! Only way is to bring these guys down in GE13. They have to go for this country to come right.
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written by lynn, February 23, 2010 05:11:58
written by lynn, February 23, 2010 05:11:58
We pay high prices when we buy a new car - a chunk of what we pay goes to taxes (import duty, sales tax). If not for these huge taxes, our car prices shld be much lower. What the gomen will do is, increase petrol/diesel prices by 10 sen every few months. In this way, they still charge you high taxes on your cars. Bcos of these taxes, you continue your car instalments for a long time, instead of finish paying in 2 to 3 years. But your car prices will not lower, however you will be paying higher fuel prices as time goes by. Meanwhile, these APs are dished out to a few cronies, they are happy while rakyat are screwed. Kick BN out in the next GE!
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written by Sunshine1, February 23, 2010 05:09:41
written by Sunshine1, February 23, 2010 05:09:41
All your complaints,whinnings won't work at all. Stop all these nonsenses.... Just by auctioning the 60,000 APs alone can yield 2.4 BILLIONS alone but then even that BN will always find a way to get their hands on that 2.4 Billions....the only way is not only to vote PR but get more voters for PR ..do a "voter get voters" campaign so that PR shall win with a massive majority that BN cannot cheat by FRAUD & FROGGIES.
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written by jokersland, February 23, 2010 04:20:00
written by jokersland, February 23, 2010 04:20:00
Since the federal cow had been milk dry by the UMNOputras, the poor rakyat had to pay the price to keep on subsidizing them. Why should the poor rakyat had to subsidized only a handful AP holders ? Next the sugar and rice king (robber) is going to increase the price very soon. Crime rates will also increase in tandem.
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written by avancc, February 23, 2010 02:57:08
written by avancc, February 23, 2010 02:57:08
It is interesting how they claimed to be subsidizing us When it was our money they used So we have thus subsidized the subsidies they claimed to gave us. Now that they claimed that they cannot subsidize any longer, it makes us ponder Why are we keep subsidizing our tax money but could not get subsidies in return? Since we are paying for it in the first place, why are we still paying but never get it returned to us? Does the term "We could not afford to subsidize further" means "We are sorry we could not use your subsidized money to subsidize you back. We need it elsewhere... For example - our pockets."?
But the more interesting question is Why in the world did we have to get subsidized at all in the first place? Didn't exporting petroleum make enough profits? Plus the government charges petroleum companies for operating in Malaysia So money were channeled in everywhere So the petrol price locally should be low even without subsidies... Why need to subsidize so much? Oh by the way How much does that subsidies really is being used to subsidize petrol price?
Now for the tongue twister:
"we are thus subsidizing our own subsidies supposedly subsidized by the government. But the subsidy never really worked as a subsidy as we are still paying so much of the subsidy to subsidize our own subsidies. Yet now they are saying we cannot get as much of the subsidy we subsidized. And we have to subsidize more by paying higher price on top of the subsidies we pay to subsidize ourselves."
But the more interesting question is Why in the world did we have to get subsidized at all in the first place? Didn't exporting petroleum make enough profits? Plus the government charges petroleum companies for operating in Malaysia So money were channeled in everywhere So the petrol price locally should be low even without subsidies... Why need to subsidize so much? Oh by the way How much does that subsidies really is being used to subsidize petrol price?
Now for the tongue twister:
"we are thus subsidizing our own subsidies supposedly subsidized by the government. But the subsidy never really worked as a subsidy as we are still paying so much of the subsidy to subsidize our own subsidies. Yet now they are saying we cannot get as much of the subsidy we subsidized. And we have to subsidize more by paying higher price on top of the subsidies we pay to subsidize ourselves."
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written by Aduh, February 23, 2010 02:04:39
written by Aduh, February 23, 2010 02:04:39
Please speak through you mouth. A 10 sen to the lower and middle income group is taik gigi to the rich and wealthy!
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written by mountain man, February 23, 2010 01:12:54
written by mountain man, February 23, 2010 01:12:54
UMNO/BN crooks already bankrupted the nation, so they are now thinking of ways to protect themselves from becoming a bankrupt government without antagonizing the ordinary folks, especially their supporters, going by market pricing will not work as they will lose big time, so try all sorts of funny tricks lah, this is what UMNO/BN government is capable of as they cannot think clearly now what to do for the plunders they have made squandering/wasting the billions of petrol monies over the past 3o to 40 years especially during the mamak regime, OF COURSE one of his sons is now a billionaire.
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written by IbnAbdHalim, February 23, 2010 01:09:51
written by IbnAbdHalim, February 23, 2010 01:09:51
The gomen kept on say that it cannot subsidize us anymore, but the reality is we the rakyat are subsidizing the ministers. They spend everything on the expense of the rakyat. They don't pay for anything but we did and look what they have done to us? They make our loves more miserable.
What choice do we have if the gomen raise the feul price? We have only an option i.e. kick UMNO/BN out.
What choice do we have if the gomen raise the feul price? We have only an option i.e. kick UMNO/BN out.
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written by Old Man, February 23, 2010 00:53:02
written by Old Man, February 23, 2010 00:53:02
The Govt feels price of fuel increase by 10cents is acceptable?
The Chinese Kopitiam will probably increase their cup of coffee by 10cents. However, the Mamaks will say that the increase in both their Coca Cola / soft drinks and Roti Canai by 20cents is more acceptable!
When enquired, they'll shake their heads and say, "That's is petrol / diesel. Ours is food and drinks."
When met, my Malay / Muslim friends and I will normally go to a Mamak coffee shop because Malay food stalls / outlets are being "pushed" out by these Mamaks. What does the Spider Black Widow of Penang got to say on this price increase?
Every ordinary Malaysian regardless of race or religion will definitely suffer more from this so-called acceptable increase in fuel!
The Chinese Kopitiam will probably increase their cup of coffee by 10cents. However, the Mamaks will say that the increase in both their Coca Cola / soft drinks and Roti Canai by 20cents is more acceptable!
When enquired, they'll shake their heads and say, "That's is petrol / diesel. Ours is food and drinks."
When met, my Malay / Muslim friends and I will normally go to a Mamak coffee shop because Malay food stalls / outlets are being "pushed" out by these Mamaks. What does the Spider Black Widow of Penang got to say on this price increase?
Every ordinary Malaysian regardless of race or religion will definitely suffer more from this so-called acceptable increase in fuel!
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written by DezMalaysia, February 23, 2010 00:38:43
written by DezMalaysia, February 23, 2010 00:38:43
Great ! The price of Crude oil went down to USD70 - 80 something from USD 140 and not much have changed at the pumps. Now a bit of fluctuation nearing USD80, they wanna raised it again.
How much those UMNO elites are abusing till every rakyat has to suffer ? Prices of milk, foods and basic stuffs had gone up "silently" on last October - December. Don't try to tell rakyat that it wont affect our meal prices and warn restaurants/warungs cannot raise prices ! Wayang bodoh !
How much those UMNO elites are abusing till every rakyat has to suffer ? Prices of milk, foods and basic stuffs had gone up "silently" on last October - December. Don't try to tell rakyat that it wont affect our meal prices and warn restaurants/warungs cannot raise prices ! Wayang bodoh !
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written by SoundMan, February 23, 2010 00:09:22
written by SoundMan, February 23, 2010 00:09:22
Dear PM Najib Razak of Barisan National, ye old English saying has it that " What Goes Up Must Come Down".
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written by rocky, February 22, 2010 23:39:27
written by rocky, February 22, 2010 23:39:27
this govt has lots of problem subsidising the rakyat. but they have NO problem subsidising the rich connected cronies and UMNO warlords with fat contracts, fat commissions and APs etc which we tax payers have to bear. Why can't these business men compete in an open tender? what kind of govt is this?? well one that we have to kick out.
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written by ctlyn, February 22, 2010 23:36:29
written by ctlyn, February 22, 2010 23:36:29
ministry should explain why petrol price increased this time. without enough or detail explanation, i believe the cost of transportation will increase as well in the stupid price.
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written by Mark C, February 22, 2010 23:26:48
written by Mark C, February 22, 2010 23:26:48
YIPEE! Another round of price increase! what an exceptional and compassionate gomen we have!
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written by avancc, February 22, 2010 22:47:36
written by avancc, February 22, 2010 22:47:36
Another attempt of the BN government trying to excort money from us rakyat. 10 cents is acceptable? You know how much will 10 cents a litre means to 3000 vehicles? And you don't just pump in 1 litre per car. And that is excluding the motorbikes, vans and other vehicles on the roads.
They are facing issues with royalty claims by Kelantan, and they know they'll loose that financial source for "pocket money". Not only that, I have a feeling that they have also used up the reservoir for their corrupt acts. Now they try to ge money from us rakyat to top that up.
Up to now, I still could not understand why they continue to claim that they paid subsidy to a product that We produced and exports. Compared to other petroleum exporting countries, we seems to be paying more than them. Not only that, I also heard that they impose laws to other petrol companies operating in Malaysia, meaning they get money everywhere.
So Why are we paying more, and our price keep increasing. What is the logic and the reasoning behind the price hike?
They are facing issues with royalty claims by Kelantan, and they know they'll loose that financial source for "pocket money". Not only that, I have a feeling that they have also used up the reservoir for their corrupt acts. Now they try to ge money from us rakyat to top that up.
Up to now, I still could not understand why they continue to claim that they paid subsidy to a product that We produced and exports. Compared to other petroleum exporting countries, we seems to be paying more than them. Not only that, I also heard that they impose laws to other petrol companies operating in Malaysia, meaning they get money everywhere.
So Why are we paying more, and our price keep increasing. What is the logic and the reasoning behind the price hike?
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'....cannot provide more subsidy needed to maintain fuel prices at current levels following a spike in global crude oil prices.'
Oooiiii s-holes, price of fuel should have a 10cent reduction instead of an increase because we EXPORT oil. We gain when the price of crude goes up, no?
Pharkers !