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Monday, October 04, 2004


Wang Petronas, Mana Pergi?



::The last petrol price increase was on 1st May 2004, the workers were then given the 'present' of a 2 sen per litre hike. On 30th Sept, the Domestic Trade and Consumer Affairs Ministry announced that the expected increase in petrol, diesel and gas prices will take place on 1st Oct. What was unexpected was the quantum of increase of 5 sen per litre. This resulted in premium petrol or RON97 costing RM1.42 per litre in Peninsular Malaysia, RM1.40 in Sabah and RM1.41 in Sarawak. RON92 petrol will increase to RM1.38 per litre in Peninsular Malaysia, Sabah and Sarawak.
Even with the price increase, the Gomen will have to make a subsidy of RM610.3 million. An analyst had said in June 2004 that "Unsubsidised petrol price need not be higher." In comparison, the prices of RON97 per litre are Singapore::RM3.28; Hong Kong::RM5.75 and Brunei::RM1.18.

As expected accompanying the announcement of the petrol price hike, warnings not to hike up the prices of other stuff and not to take advantage of the situation followed ::



With Pak Lah out of the country, Najib had his hands full, explaining the Gomen reasons for petrol price hike, see ::


Though Gomen Minister were sure that things won't be affected by the price hike and probably believing that their warnings against traders and the businessmen taking advantage would be effective, opposition leaders, joe public and NGOs were not of similar minds ::



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