Friday, June 6, 2008

Just Compare our Fuel with others

Malaysia Fuel Prices is at USD3.80 per gallon whereas other oil producing countries prices are very much different...

See ....Saudi Arabia only USD0.91; Kuwait - USD0.78; Egypt only USD0.65; Nigeria-USD0.38 and Venezuela - USD0.12 !!!


  1. Every where have talked about it. Let's wait for 2 more weeks then see what will happen... In Sabah, SAPP againts the raised, the UPKO minister supported the government action but still no sound from the rest Sabah based Political Party. The people want to know what do they feel about the fuel price...

  2. Fuel Price increase and everything goes with it.
    E.g. Chicken rice increased 50 sen overnight...imagine how it affects us all.
    We poor people need to pay more and more for less.
    My suggestion...leave the BN...

    Umno Sabah and Upko have to make their stand..don't wait! The PM must go and government must change for the betterment of the people.

  3. One question nagging me....

    How come the government said they are subsidizing fuel for the rakyat?

    Question is....does Malaysia import crude oil or does Malaysia need other countries to process or refine the oil for them?

    If not, why our fuel prices in Malaysia is said to be subsidized?

    If you don't import oil but instead export are actually earning locally and globally.

    Do that make any sense????

  4. Petronas wants oil subsidies fully removed
    Jun 9, 08 12:12pm
    National oil company Petronas today said that subsidies which cause excessive consumption and distort markets must be removed.

  5. ‘All this subsidy talk is merely moving money from the right pocket into the left pocket. What really is the issue is how all our oil money was spent.’

    Your say: Tax oil firms making super-profits

    CK Chim: The oil price hike simply goes to show the ineptness of the current administration. The fact that the cabinet is issuing statements on how subsidies are costing the country billions is merely pulling wool over the eyes of the rakyat.

    Cut the nonsense. Our country is a net exporter of oil. This means that we are producing more than we need. When the price of oil goes up, revenue for the country increases. Currently, the oil price - which has just increased US$16 a barrel in the last two days - is due to speculative activities.

    Nothing has changed during this period in terms of costs. This means that this is a ‘windfall’ profit to us and we have been benefitting from such windfalls for the past one year (ie, from US$80 to current US$138 a barrel). Does not take a rocket scientist to figure this one out.

    That translates into more money to the Treasury. Petronas and the Treasury are one and the same thing. This is the public’s money, not the government’s or BN’s or Umno’s. The country should be celebrating, not suffering.

    We should be hammering out infrastructural deals to provide cheap and efficient public transportation, amenities for the common folks, industries on alternative energy as well as properly investing in revenue-generating assets so that we are prepared for a rainy day.

    Those rainy days are purportedly coming in six years’ time when we become a net importer. Six years of windfall profits is a lot of money - unless some ‘smart alec’ in Petronas sold forward most of our future production at a ridiculously low price! (as long as the accounts are not open to public scrutiny, we can only speculate).

    All this subsidy talk is merely moving money from the right pocket into the left pocket. What really is the issue is how all our oil money was spent. Was it squandered by politically-aligned ‘fat cats’ or properly invested as stated above?

    Let the rakyat be the judge. It’s time we make a change for the good of the country. We still have six years to make good.

    Concerned Non-Economist: When Vision 20/20 was launched, the then prime minister introduced zero inflation and capped wage increases in the public sector. The money saved was used to finance all those projects which we now know cost five times the actual cost.

    Today, the new government is doing the same. Remove subsidies and there you have it - RM13 billion a year that could be used to finance those ‘corridor projects’ at 10 times the actual cost every year.

    Many developing countries sold their oil in 1998 at a premium price of US$25 when the price was US$20 on a 10-year contract with payments by the buyer made in advance upon signing the contract. This explains why countries like Nigeria are not laughing all the way to the bank now.

    Oil money was used for operational expenditure and was not invested as done by the Gulf states. If I am not mistaken, the national budget of Kuwait is financed 50% by earnings from overseas investments.

    Johann Foo: Pricing oil in the commodities market mean that it can go up by two US dollars in less time than you need to finish reading this sentence whilst demand and production remains unchanged during this time. It has become an extended paradise for oil companies and speculators. People around the world are funding their good times.

    Our PM made some sense for the first time since he became PM when he called for something to be done about oil pricing. It will not be a popular move amongst people who swear by a free market system but the poorer nations must step up the their demand for price controls. It cannot go on like this.

    Sam: In Sarawak, we also have to suffer the fuel price hike but we have the added awful problem of having no public transport system to speak of at all in any of the major cities. I think that we must all face up to the fact that fuel price will go up but the government, both state and federal, must provide good public transport alternatives.

    Special One From Sabah: Based on the current world scenario, a hypothetical situation is this - what if the crude oil price goes up to US$200 or US$300 or US$500 by end of this year? If our government is still practising the same policy, aren’t we all doomed?

    Don’t laugh. With all this hedging, speculating, futures, etc, call it what you want, it will be a reality one day. It is just a question of how soon. Someone needs to step in to stop all this nonsense - cut out all the middlemen. They are all bloodsuckers.

    The real price of crude oil should be only US$50 thereabouts. We should nationalise all the oil fields and oil explorations in Malaysia if need be.

    Sushi Hu: Malaysia is an oil exporting country. Every year, we earn from the oil exports. So why do we need to pay more now because the oil price increase? Malaysia has earned a lot of money. Why does the government have to remove the subsidies?

    Where has all the money gone? BN's corruption, that’s where. Let us release Malaysia from corruption. Kick those betrayers out from government. We together can make Malaysia a better place. Say ‘no’ and protect Malaysia.

    Justin Santiago: It is high time the government realises the overemphasis on private transport in the form of national cars and tolled highways and instead turn its attention to high-speed rail links and the urban metro systems.

    The time is also ripe to conduct research and development in the area of sustainable energy and put Malaysia on the world map for developing energy out of the elements of which we have an abundance of - sunshine, rain water and high temperatures all year round.

    Oil is a limited resource and to each his own car is yesterdays news.

    The Kee Aun: The petrol price increase is inevitable, so says the top echelon and driven by the market forces. Point noted with lots of frustration.

    I am frustrated by the fact that millions of cars congregating to a few thousand petrol kiosks throughout the country. Immediately after the announcement, I was caught in traffic jam at different points. We are frustrated as tempers flared as queue cutting by inconsiderate drivers with no traffic policeman in sight. We are frustrated as no time frame was given. I am equally frustrated as excuses were given without even thinking of solutions.

    Who is not frustrated? Point blank frustration and now I need to spend some time on Anger Management before I blow up on the road or being blown to the hospital.

    Hang on, we need to find solutions to either maintain or change our lifestyles. Still ends with lots of frustration.

    John Johnson: Some radio deejays kept asking Malaysians why they were so kiasu in lining up to fill up petrol in their cars and cause a massive jam all over last Wednesday. Let me explain.

    Let’s just say there are five million cars on the road (definitely more). If every car driver saves RM50 ringgit, then that is RM250 million that is not going to the cronies or the lame government. It is a win for the rakyat.

    Look at the toll booths all over Malaysia. The queue is so long at the cash counters and we wonder why no one takes the Touch ’n Go lanes. This is because we don’t believe in paying RM100 or RM200 or RM500 in advance for the government to use.

    Andrew Ng: Domestic Trade Minister Shahrir Samad must resign for misleading the nation that the fuel price hikes would only take place in August. He must step down immediately as the rakyat no longer has any respect for him or believes in whatever he says or does. The same must apply to other ministers who flip-flop at will.

    Kenny Gan: An oil subsidy is one of the best ways of returning some of the profits of Petronas to the people. There are so many knock-down effects from the price of oil such as transportation, electricity generation, food and manufactured goods.

    The fact that this subsidy also benefits some rich people is no justification for canceling it. More than enough, poor people benefit from the oil subsidy to justify maintaining it.

    The government would rather use the profits from Petronas for useless white elephant projects which do not benefit the people but are nothing more than vehicles for personal enrichment.

    An example is the RM15 billion undersea cable from Bakun Dam to the Peninsula when the Peninsula has 40% excess of electricity. Another is the RM17 billion double-rail tracking project when few commuters and goods use the railway nowadays.

    If the country's resources are prudently managed, the oil subsidy can easily be maintained. However, the BN government cannot be excused for forcing the people to pay more for an essential item while it squanders the nation's resources on economically senseless projects which are thin disguises for plundering the country.

    In retrospect, we can say that the BN politicia

  6. Ketuanan Malaysian:
    If the current government don't know how to manage our owned oil production nation let somebody who know....Please...

  7. PM makes RM2 bil cost cuts after fuel hike

    We have leaders with the thickest skins on earth. When the rakyat can’t even afford to pump gas to go to work and we are turning off lights at home to save on electricity, our leaders have the cheek to announce a so called cost savings plan which still consists of fully paid holidays for ministers without a spending limit, and which ‘only’ confined to Asean countries. What?

  8. Al Tugauw: There was never any subsidy. The BN government is and has been cheating the people. If we follow their twisted logic, then everything the government spends on is a ‘subsidy’ of one sort or another.

    It is the Malaysian people that have been subsidising shoddy government, mismanagement and extravagance, even sheer waste and corruption, the brunt of which is being borne by the hardcore poor of the oil-producing states, Sarawak, Sabah and Terengganu, who should rightfully have a far better claim for ‘subsidies’.


  9. Everything tht BN said / says till now is lie, lie, lie..... the PM said no i dint buy any jet for him personaly but when we published the prove he could now tell anything....He (PM) said dengar rumers when we said he got married but the next day he announce he got married...HE (PM) said no election in this time being but the next day he announced the parliment is dissolved....
    HE said no fuel hike before the elction but after the election the fuel price went up 40% the most cruel hike in this world for this time.... He is rich so nothing is pain for him but people like us who has to work day n nite r the one's suffering....

    Scrue BN n join Pakatan Rakyat for a better future n Stabil Life in Malaysia

  10. i think is not in USD the fuel price , from other source which i had received is in RM, Please change it if i am correct.


  12. Rakyat Sabah adalah bodoh. Apa mau sokong parti luar. UMNO itu parti Semenanjung. Apa parti luar boleh jaga Sabah kah? Palui.. palui..

    Go Yong Teck Lee.. Rakyat Sabah mahu pemimpin seperti kamu yang memperjuangkan nasib orang Sabah. Sekarang ini, parti yang ada di Sabah, pemimpinnya hanya jilat dan cium pantat parti luar dan pemimpin luar asal keturunan mereka 7 keturunan kaya raya.

    Lihat setelah 51 tahun Sabah Merdeka dalam Malaysia apa ada? Rakyat makin miskin, tanah kena rompak, ladang kelapa sawit semua milik orang Semenanjung, hasil minyak kena rompak, rakyat Sabah menganggur jadi pelacur kena tipu kerja luar negeri, kerja kosong kerajaan semua dikuasai oleh orang Semenanjung, kuota UMS pun dipenuhi oleh orang Semenanjung, guru-guru pun asyik masuk muka orang semenanjung.

    Apa orang Sabah ini bodoh2 kah? Tiada kelulusan? Palui.. memang palui ini Rakyat Sabah.. Inilah namanya menang sorak tapi kampung tergadai.. padahal pakaian sendiri koyak rabak, telanjang bogel.. palui.. palui.. memang palui.. ini Rakyat Sabah!

  13. Geram... Sabahan sepatutnya tak palui... Sokong pemimpin yg memperjuangkan hak hak Sabahan!!

    Kata tak subsidi harga minyak, pindah subsidi tu untuk memperbaiki pengangkutan awam... BETUL TU... TAPI ITU KAT KL & SELANGOR AJE.... LRT... Monorail, KTM..semua kat sana

    Subsidi minyak kat Sabah dengan negeri lain..semua pergi KL & selangor... jadi... bangun la!! jangan sokong pemimpin macam tu.. kalau tidak... Sabah tetap mundur.

  14. Saya sokong tu,
    KL dan Selangor kan sarang pemimpin. Sabah ni pulak Tandas pemimpin. Manalah sama tarafnya.
    Tengoklah PakLah datang sabah cuma buang air je , masuk sekejap esok dah balik.

    Maklumlah kita orang sabah dah biasa kena ketepikan, para pemimpin kita pun sama aje..

  15. Saya sokong tu,
    KL dan Selangor kan sarang pemimpin. Sabah ni pulak Tandas pemimpin. Manalah sama tarafnya.
    Tengoklah PakLah datang sabah cuma buang air je , masuk sekejap esok dah balik.

    Maklumlah kita orang sabah dah biasa kena ketepikan, para pemimpin kita pun sama aje..

  16. Harga minyak tak naik, mana menteri menteri UMNO cukup duit poket? Tiada duit poket, APAMACAM ISTERI EMPAT? ANAK BERDOZEN DOZEN?

    Satu anak mau kasut Nike, $ 300, kalau 10 ??? $3000!!! Isteri satu mau BMW... kurang kurang.. $300,000. 4 ISTERI MAU BMW ? $1.2 JUTA BAH! Kau pikir dia orang cukup duit ka? Dia orang sendiri pun..cakap SOKONG BARANG BUATAN MALAYSIA... sendiri pakai Mercedez Benz... tak pakai proton!

    Dia orang tidak hisap minyak itu.. tidak dapat dia orang hidup mewah bah! dia orang hidup mewah... kita?? Makan ubi saja!