Fuel hike: 78 sen more to RM2.70 per litre TONIGHT!!!

[PowerSlide]

this really more worst than end of the world i have to say

near my house all petrol station are full and the queue is as long as 1 km over

and there are even shouting and near fighting

gosh!

[Chai]

For RM30 bucks of saving...

[zy]

only save RM30, but in the end of the day, still have to pay the full price when filling up

[Chai]

Originally Posted by zy

only save RM30, but in the end of the day, still have to pay the full price when filling up

Exactly. Stupid people...

[PowerSlide]

there are some even bring coke bottle to fill up

the worst to come..food prices will increase

[Mac Daddy]

Originally Posted by PowerSlide

there are some even bring coke bottle to fill up

the worst to come..food prices will increase

Unfortunately everything will all commodities rely on transportation in some way ....

[Lacus]

Confirm food price will increase..Electric bill rate going up next month

[Dashken]

GOGOGO!

Thousands of people would be mobilised for a mass protest against the shocking increase in fuel prices at the iconic KLCC Twin Towers on July 12.
MCPX

Organisers Coalition Against Inflation (Protes) hopes to gather 100,000 people to call on the government to reduce fuel prices to its original levels before the hike today.

"We believe that with such a drastic hike in fuel prices, we will get the support of the masses.

petrol price increase protest group pc 050608 01"This is not similar to the Bersih rally. It's going to be bigger. The impact would be bigger," Protes coordinator Dr Hatta Ramli told a press conference today.

Hatta explained that the KLCC Twin Towers was selected as the rally point because it was the headquarters of Malaysia's oil company Petronas.

He argued that Malaysia was an oil producing country and record profits from Petronas should be used to relieve the public from being burdened by the fuel hike.

“We have five weeks to mobilise the crowd and the government has five weeks to react to the people’s demands (to revert fuel prices to their original levels),” he said.

Roadshows throughout nation

For the time being, Protes will be organising road shows throughout the country to state the coalition’s position on the need to revert fuel prices.

The first stop is Seremban on June 14. Activities to be held include ceramah and distribution of leaflets.

The leaflets will include facts and figures regarding fuel prices and the impact on society.

“We urge Pakatan Rakyat component parties to mobilise their members for this event. We also urge the five states held by Pakatan to take action on the matter,” said Hatta.

Protes, a coalition that had held numerous anti-inflation rallies before, is also encouraging other groups to protest against the fuel hike and would provide assistance if necessary.

“If they want to protest in front of a mosque every Friday, we would encourage and provide whatever support we can,” he added.

Bersih style

He said Protes was not acting based on political motives but was a manifestation of the people’s desperation following the sharp hike in fuel prices.

petrol price hike protest 2 100306 klcc“If the government rejects our recommendations, then we will continue to take mass action until our voices are heard,” he warned.

According to a Protes insider, the coalition hopes to gather a crowd from across Malaysia in ways similar to the mass mobilisation for the Bersih rally in November last year.

“It’s better to have one mass rally to stress our collective protest against the fuel hike than many smaller ones,” said the source.

Yesterday Prime Minister Abdullah Ahmad Badawi announced that the pump price for petrol would increase by 78 sen - from RM1.92 per litre to RM2.70.

The price of diesel increased by a whopping 63.3 percent - from RM1.58 per litre to RM2.58.

The price hikes were among government measures to drastically cut the spiralling bill for oil subsidies, which is expected to amount to RM56 billion this year.

After making the announcement, Abdullah also hoped that Malaysians would not demonstrate over the price hike.

Meanwhile, the stock market sank 2.4 percent as the central bank said the price hike could suppress economic growth and drive up inflation as high as 5.0 percent this year, from levels of 3.0 percent in April.

The ringgit currency sank, and government bonds plunged on expectations Bank Negara will raise interest rates to curb inflation, despite it stating there was no need yet for an increase.

Source: Mass anti-fuel hike rally on July 12

[Dashken]

Count your petrol and how much you have to pay extra after the increase. Mine? RM740 extra!!!!

[Dashken]

We are definitely being ripped off before he steps down. Because he knows that he won't be there come this Sept 2008 or Dec 2008.

Opposition Leader Dr Wan Azizah Wan Ismail has accused the government of being ‘stupid’ for repeatedly saying that our new petrol retail price of RM2.70 is low when compared to other countries in the region.
MCPX

“As a raw oil producing nation, Malaysia should be compared with other oil exporters such as UAE (RM1.19 per litre), Egypt (RM1.03 per litre), Kuwait (RM0.67 per litre), Saudi Arabia (RM0.38 per litre), Nigeria (RM0.32 per litre) and Venezuala (RM0.16 per litre),” she argued.

wan azizah interview 270308 03“To compare prices with Singapore, Thailand and Indonesia is obviously flawed,” the PKR president said in a statement today.

Yesterday, Prime Minister Abdullah Ahmad Badawi made an unpopular decision to increase fuel price by 40.6 percent, effective today.

Wan Azizah was also curious about the government’s subsidy facts.

She recounted that Minister of Domestic Trade and Consumer Affairs Shahrir Samad recently said that the oil subsidy was RM56 billion.

Second Finance Minister Nor Mohamad Yakcop stated that the amount is RM28 billion. And a third source, the government’s 2007 financial report marks it at RM12 billion.

The opposition leader estimated that the figure should be closer to RM8-10 billion.

The public, she said, rightfully feel cheated.

Wan Azizah urged the government to review its decision on the fuel hike as it has a huge effect on the Malaysian public, which currently spends 25 percent of their income on transportation.

Oil companies

petrol price in oil producing countries 050608Turning her attention to oil companies, the PKR chief said it was common knowledge that oil companies were paying only US$30 for the exploration of each barrel of oil, and selling the raw oil for US$130 per barrel.

This hefty profit, she claimed, has been enjoyed by oil companies for the past three years.

“Why isn’t the government implementing additional taxes on the extraordinary profits of the oil companies, rather than choosing to increase fuel prices?” she asked.

Wan Azizah said it was possible to sustain the old petrol price of RM1.92, or better still reducing it, if oil companies were taxed more, along with oil, steel and cement producers.

“Why are these companies so important to them, while the public has to suffer?” she asked.

She expressed concern that the government has spent RM40 billion for double-tracking railway project that interconnects Padang Besar with Johor Baru yet is reluctant to pay RM13-15 billion for fuel subsidies.

“Why did they not use the RM40 billion to build comprehensive LRT rails to fix public transportation system as an effort to reduce petrol usage?” Wan Azizah queried.

Source: It's only '16 sen per litre in Venezuela'