Hornbill Unleashed

October 2, 2014

No reason to raise petrol price when crude oil price is at a 3-year low

Filed under: Politics — Hornbill Unleashed @ 8:00 AM
Tags: , , , ,

Chong Zhemin

Barisan Nasional has decided to increase the petrol prices at a time when the people are suffering from rising cost of living. This is not only a betrayal to the people’s trust but also a huge burden to the people.

And this is done when the international oil price has fallen to the lowest in nearly three years,

Yesterday, India and United Kingdom announced a reduction in petrol prices, making the petrol hike in Malaysia all the more ironic.

India announced a drop in petrol price by 65 paise (4 sen). United Kingdom has also reduce the petrol prices by 5 pence (27 sen). So, there is absolutely no reason for Najib administration to increase the petrol price when countries around the world are reducing petrol prices.

Although Deputy Finance Minister Ahmad Maslan has denied the decision to impose GST on petrol has been finalised, based on a conversation I had with a customs department officer, petrol is not included in the GST exempt list. Hence there is a huge chance that GST will be imposed on petrol.

Imposing GST on petrol will raise the petrol price to RM2.44 after the 6% GST, this would mean a 34 sen of price hike compare to before the price increase. This is double whammy to the people.

I urged Najib to immediately retract the decision for petrol price hike, and immediately announce a price reduction of petrol in line with the current internation oil price which is declining. This is the best time for Najib to prove that he is sincere in fulfilling BN first promise in the 13th General Election manifesto, easing the cost of living.

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4 Comments »

  1. In the past anyone who want to buy a car must pay up 20% to 30% downpayment and maximum loan period was 5 years….but since the late 90s to these day,car buyer can opt for 9 years period with downpayment as low as 0 to 10%….thats why car buyer doesn’t feel the initial consequence to own a car thus increasing the car numbers….only after over 100k km when cars start to break down will they realise that the exorbitant car tax,the permit and the depreciation factor take up a big portion of their loan…The price of fuel for our vehicle can be the same throughout the world….people will not feel the pinch when they don’t have to borrow future money to pay for AP…high excise duty and high goverment tax…In developed nation,the price of road tax are not much difference between capacity,diesel or petrol and the quality of diesel are of better quality than the one here which ruin our engines faster leading to expensive maintainance cost…just tell us that through all these time,who have been making huge profits from the people???….how are we to trust you that inspite of all this you still find excuses to cut down the subsidy.

    Comment by Vinoo — October 6, 2014 @ 6:09 PM | Reply

  2. STOP buying fuel from Petonas and Petron stations. Such collective actions from all Malaysians shall hurt the revenue of Petronas and Petron which is owned by Mahathir’s son.

    Comment by Awaken Dayak — October 3, 2014 @ 6:18 PM | Reply

  3. Is the UMNO Baru controlled BN facing imminent bankruptcy ? Why the need to burden the rakyat when the cost of living has been rising and the global crude price has actually fallen to the lowest in the three years ?

    Comment by Mata Kuching — October 2, 2014 @ 2:58 PM | Reply

  4. JIBBY ,COME N EAT MY SHIT.

    Comment by VINCENT AK PAUL — October 2, 2014 @ 8:35 AM | Reply


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