Every Malaysian must be talking about petrol prices today. Yes yes, our petrol price is up to RM2.70 (Ron 97), as of 5th June 2008.
Of course, our government is telling us that we are still the cheapest in ASEAN countries, EXCEPT for Brunei. Yes, government said we should compare ourselves with those net oil importers (Thailand, Singapore), but not the net oil exporters (Brunei, UAE).
Yes, there are rebates; there are new scheme to compensate us. But I would also like to know what happens to the revenue gained from Petronas? Aren’t we gaining big bucks from there? Why are we still paying 2 or 300% of car import duties? Is there any improvements (or improvement plans) to our public transportation?
And most importantly, fuel price hike doesn’t mean only oil price increase; there must be a butterfly effect to other industries. And the question is how bad can that be? And what have the government do to make things better?
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