Opposition leader Datuk Seri Anwar Ibrahim hit out at the latest price hikes of fuel and sugar accusing the federal government for bullying the poor and empowering its ‘cronies’ as the federal administration could not impose cuts on their ‘subsidy monsters’ like the IPPs (Independent Power Producers). The government announced the removal of more subsidies on fuel, LPG (Liquefied Petroleum Gas) and sugar where Anwar claims that they are practicing ‘double standards’.
He said “The hikes only served to cancel out Prime Minister Datuk Seri Najib Razak’s ambitious promises of economic reforms in his just-unveiled New Economic Model 2 (NEM) yesterday. While BN claims the quantum of these price hikes is too small to have an impact on the public, the policy direction that is taking place cannot be mistaken. BN, through Pemandu has outlined a subsidy removal plan to impose a six-monthly price hike on RON95 fuel and the announcement last night confirms that similar price hikes will take place in the future and perhaps at an even bigger quantum. In the original plan, the proposed quantum of price hike was at 10 sen per hike for every six months, leading to the reasonable assumption that prices would likely soar again by mid next year. Amazingly, the only hikes implemented so far are on those items that hit directly on the people’s purses and not the cronies’,”
He added that “The government, through Petronas, currently subsidises IPPs and industries a whopping RM19 billion annually as the subsidised gas price of RM10.70 per mmbtu (for IPPs) was significantly lower than the average market price of imported gas of RM38 per mmbtu. Additionally, a Pemandu estimate that the government could save at least RM1.12 billion in 2010 if subsidies to IPPs and the non-power sector were to be reduced. This can be achieved if gas price to IPPs and non-power sector is increased by RM4.65 per mmbtu and RM2.52 per mmbtu respectively. Therefore, the Prime Minister and his government must answer why it is hell-bent on pushing for subsidy removal on fuel, sugar and LPG that will undoubtedly increase the burden of the lower income group, when similar zeal is not shown vis-a-vis the rich corporate giants. BN talks about the necessity to reduce subsidy in order to cut the nation’s deficit as a result of its carefree spending in the last decade. It chases the small change in the form of subsidy removal on household items most widely used by the people, yet it procrastinates on confronting the real subsidy monsters (IPPs). In the end, the RM126 million saved from the July cuts on sugar is not even enough to pay for Pemandu’s exorbitant cost,”
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Who is subsidize the Rakyat or The Rakyat is subsidize BN......and who get rich from those subsidize????
BN lied - they increased the price of RON95 petrol
The Malaysian UMNO-led BN government told Malaysians to shift from RON97 to RON95, with the assurance that the government will continue to subsidize RON95 but not RON97 - and many did despite the damage that may arise by the changing of petrol type/grade... and now, the again rise the price of RON95 - the government lied....
PUTRAJAYA: The prices for RON95 petrol and diesel will increase by 5sen per litre at midnight (12.01am Dec 4) while the prices of liquified petroleum gas (LPG) and sugar will be up by 5sen and 20sen per kg respectively.
RON95 would be raised to RM1.90 per litre from the current RM1.85 while price of diesel would be retailed at RM1.80 per litre. LPG and sugar will cost RM1.90 and RM2.10 per kg respectively.
Minister in the Prime Minister’s Department Datuk Seri Idris Jala Idris said the price hike was the second wave of the subsidy rationalisation programme.
Prices of RON95 and diesel went up by 5sen per litre while sugar and LPG were raised by 25sen and RM10 on July 16 for the first wave of the programme.
That resulted in total savings of RM779mil. This time around, Idris said the savings is expected to be RM1.18bil.
Idris said the savings would be channelled towards improving urban transportation network, rural basic infrastructure and roads, education and efforts to combat crime.
He added that the increase was very minimal and should not hurt the people.
“I think it is fair to the rakyat. I believe people will be able to accept it,” he told a media briefing on the second wave of subsidy rationalisation here Friday.
Idris said the Consumer Price Index could be contained in view of the low increase and declined to disclose the amount of subsidy the government would have to pay for the items.
He said “The hikes only served to cancel out Prime Minister Datuk Seri Najib Razak’s ambitious promises of economic reforms in his just-unveiled New Economic Model 2 (NEM) yesterday. While BN claims the quantum of these price hikes is too small to have an impact on the public, the policy direction that is taking place cannot be mistaken. BN, through Pemandu has outlined a subsidy removal plan to impose a six-monthly price hike on RON95 fuel and the announcement last night confirms that similar price hikes will take place in the future and perhaps at an even bigger quantum. In the original plan, the proposed quantum of price hike was at 10 sen per hike for every six months, leading to the reasonable assumption that prices would likely soar again by mid next year. Amazingly, the only hikes implemented so far are on those items that hit directly on the people’s purses and not the cronies’,”
He added that “The government, through Petronas, currently subsidises IPPs and industries a whopping RM19 billion annually as the subsidised gas price of RM10.70 per mmbtu (for IPPs) was significantly lower than the average market price of imported gas of RM38 per mmbtu. Additionally, a Pemandu estimate that the government could save at least RM1.12 billion in 2010 if subsidies to IPPs and the non-power sector were to be reduced. This can be achieved if gas price to IPPs and non-power sector is increased by RM4.65 per mmbtu and RM2.52 per mmbtu respectively. Therefore, the Prime Minister and his government must answer why it is hell-bent on pushing for subsidy removal on fuel, sugar and LPG that will undoubtedly increase the burden of the lower income group, when similar zeal is not shown vis-a-vis the rich corporate giants. BN talks about the necessity to reduce subsidy in order to cut the nation’s deficit as a result of its carefree spending in the last decade. It chases the small change in the form of subsidy removal on household items most widely used by the people, yet it procrastinates on confronting the real subsidy monsters (IPPs). In the end, the RM126 million saved from the July cuts on sugar is not even enough to pay for Pemandu’s exorbitant cost,”
comments
Who is subsidize the Rakyat or The Rakyat is subsidize BN......and who get rich from those subsidize????
BN lied - they increased the price of RON95 petrol
The Malaysian UMNO-led BN government told Malaysians to shift from RON97 to RON95, with the assurance that the government will continue to subsidize RON95 but not RON97 - and many did despite the damage that may arise by the changing of petrol type/grade... and now, the again rise the price of RON95 - the government lied....
PUTRAJAYA: The prices for RON95 petrol and diesel will increase by 5sen per litre at midnight (12.01am Dec 4) while the prices of liquified petroleum gas (LPG) and sugar will be up by 5sen and 20sen per kg respectively.
RON95 would be raised to RM1.90 per litre from the current RM1.85 while price of diesel would be retailed at RM1.80 per litre. LPG and sugar will cost RM1.90 and RM2.10 per kg respectively.
Minister in the Prime Minister’s Department Datuk Seri Idris Jala Idris said the price hike was the second wave of the subsidy rationalisation programme.
Prices of RON95 and diesel went up by 5sen per litre while sugar and LPG were raised by 25sen and RM10 on July 16 for the first wave of the programme.
That resulted in total savings of RM779mil. This time around, Idris said the savings is expected to be RM1.18bil.
Idris said the savings would be channelled towards improving urban transportation network, rural basic infrastructure and roads, education and efforts to combat crime.
He added that the increase was very minimal and should not hurt the people.
“I think it is fair to the rakyat. I believe people will be able to accept it,” he told a media briefing on the second wave of subsidy rationalisation here Friday.
Idris said the Consumer Price Index could be contained in view of the low increase and declined to disclose the amount of subsidy the government would have to pay for the items.
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