Petrol price up rate again! Coming Soon.

Seems this few days the television news or newspaper was mention that the petrol price will be increase within this few months. Our prime minister, Dato' Abullah Badawi said that government maybe will be stop subsidy for petrol price starting from August. Why will be happened this kind of case? Many outer country(Thailand and Singapore) people was always come to Malaysia to get the 'cheapest' petrol. In this case, so that the government will be decide whether still want to subsidy for the petrol users in our country on coming Wednesday. Actually this might be some problems and cause them need to increase the petrol price, if can we just forgive them. But one case, if the petrol increase without the government subsidy, there will increase from the market price(Malaysia) RM1.98(per 1 litre) to the world market price RM4.00+(per 1 litre). Therefore, the price will make 100% percent increase in coming soon months.

From The Star Online news:

KUALA LUMPUR: A new fuel subsidy scheme to be announced tomorrow will take immediate effect to prevent further speculation.

Prime Minister Datuk Seri Abdullah Ahmad Badawi said the anti-inflation committee would decide today on the various proposals put forward by the Cabinet.

He was speaking to reporters after chairing the national small-and-medium enterprise development council at Bank Negara here yesterday.

Abdullah was asked to confirm an announcement made by Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad that a new fuel subsidy scheme would most probably be implemented in August.

Abdullah said: “He said 'might be'. As far as the subsidy management scheme is concerned, the final decision will be made on Wednesday.

“It was to be decided last Friday but it so happened that many of the ministers (involved) were attending conferences overseas. We wanted all to be present to make the decision.”

Asked whether the announcement would take effect immediately, he said: “We want it to be effective immediately. If not, there will be a lot of speculation.”

He, however, did not disclose what the new subsidy scheme would involve.

Earlier at Parliament, Shahrir said any change in the subsidy scheme might result in a rise in petrol and diesel prices.

He said the scheme might be changed in August as stated earlier by Second Finance Minister Tan Sri Nor Mohamed Yakcop.

“It will happen. Petrol price will increase,” he said at the lobby of Dewan Negara yesterday.

However, he said Malaysians would still enjoy subsidies, but it would be given based on need.

On another matter, Abdullah said the Government would set up a special committee to recommend measures to reduce the impact of rising costs and oil prices on small-and-medium enterprises (SMEs).

He said measures to be considered included tax incentives to encourage SMEs to upgrade their machinery and equipment as well as adopt new technology.

Abdullah said the measures were vital to ensure that SMEs were not forced to shut down due to rising oil prices.

He said that more than 286,000 SMEs received assistance through the implementation of 189 key development programmes involving RM4.9bil.

Asked whether the RM1bil special allocation for rural development in Sabah was due to pressure by Sabah Barisan Nasional leaders, he said: “It’s for infrastructure development in rural areas in Sabah. It’s from the Federal Government. It’s part of the consideration we are making at the moment.”

Is it after election, our lifestyle price almost increase. PR vs BN. Anwar Ibrahim said that if one day PR get the whole government, the petrol price will be went down. Is it true? What your comment? Posted by GenYong 03/06/2008