Friday, July 16, 2010
Fuel, Gas, Sugar prices hike!
Prime Minister Najib Abdul Razak announced yesterday the government was reducing subsidies for petrol, diesel, liquefied petroleum gas and sugar from today as a first step to the saving money for the BN government.
Following the reduction, the price of RON95 petrol went up by five sen to RM1.85 a litre and diesel price also increased by five sen to RM1.75 a litre.
While the rich umnoputras will say this is just 'chicken feed' to them but NOT to us!
So they are telling us to tighten our belts and face the increase of other goods and services, sparked by price hikes of petrol, gas and sugar. Malaysia is a oil and gas producing country and rich with natural resources...fertile lands for sugar, oil palm and various crops.