Higher Fuel Price And Its Consequences

The increase of 78 cts per litre of the petrol is unreasonable because Malaysia is an oil producing country and we make billions of dollars from the oil revenue every year.

The government has the obligation to explain to the people how it is going to use the billions of ringgit saved from the cutting of oil subsidies. We want accountability and transparency. What government should do is to publish a white paper to explain to people how much petronas makes each each, where it invests the money and how much has been spent and how it is being spent.Add above all, the government should inform the people how much money has been wasted due to negligence , corruptions or mismanagement of the oil money.

The government should take note that the money from the oil revenue belongs to all Malaysians and it doesn`t belong to anybody or corporation.

With the increase in the oil price, price of all consumer products are moving up. The middle income group, the wage earner and the poor people are going to suffer the most. Though government says that it is going to give rebates or subsidies in other forms, the high inflation rate will make the poor even poorer.

Meanwhile, Anwar said that the PR is going to hold a big rally to protest the sharp increase in the oil price. Anwar claims that if PR forms the next federal government, he will lower the fuel price. This sounds nice to the voters. BN is not very wise to increase the fuel price so drastically . BN should know that people have voted for PR due to high cost of living. Now with the drastic increase in the fuel price, BN is on the verge of losing its power.