Yes, we are too lazy to post this kind of news again and again. Government will keep cutting the subsidy and increase the fuel price for their “subsidy rationalisation programme”. Increasing by 5 cent is not that big but if they keep doing it repeatedly, the Rakyat will “smile” paying expensive fuel in the future. And the reason is same, the fact about the price differences with neighbouring countries is copied and paste in all media. Read full news below
RON 95 RM1.90 , DIESEL RM1.80 – FUEL PRICE INCREASE AGAIN
Now it’s RON95 petrol’s turn to go up, two days after the price of the RON97 blend rose 15 sen to RM2.30 per litre.
RON95 and diesel will go up by 5 sen to RM1.90 and RM1.80 respectively. In addition, the LPG price will go up by 5 sen per kilogram.
The sugar price is also going up, rising 20 sen per kilogram.
Minister in the Prime Minister’s Department Datuk Seri Idris Jala said that the price hike was expected to result in total savings of RM1.18bil.
He said the price of RON95,which would be raised to RM1.90 per litre from the current price of RM1.85 would still be lower compared to its retail prices in Indonesia (RM2.46), Singapore (RM4.63) and Thailand (RM4.25).
Idris said the price hike was the second wave of the subsidy rationalisation programme.
Prices of RON95 and diesel went up by 5 sen per litre while sugar and LPG were raised by 25 sen and RM10 on July 16 for the first wave of the programme, which resulted in total savings of RM779mil. He said the savings would be channelled towards the Government Transformation Programme including to improve urban transportation network, rural basic infrastructure and roads, education and efforts to combat crime.
He said the increase was 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 also said that the Consumer Price Index could be contained in view of the low increase.
He declined to disclose the amount of subsidy the governmnt still have to pay for the items at this juncture.