Fuel subsidy removal ‘brilliant’ move OR political opportunism: What when oil prices move up?


Answer: Reality move. When we gonna get better utilization of the petroleum products we have? Me thinking reliable WAN mass public transportation, legislation of tiffin boxes vs. itty bitty plastic bags (we still need the big ones for trash), nuclear plant next to the residences of our DUN critters.

Dateline 2014-11-29, Malaysia Chronicle:

AFTER so much hesitation in the past due mainly to fears about its political impact, the government took the entire nation by complete surprise last Friday by removing subsidies on the RON95 fuel and diesel.

Their retail prices will from Dec 1 be set by using the managed float system.

This means that from Monday, consumers will enjoy the benefits from any fall in the price of global crude oil, something we have not been getting for the past 31 years when the retail price of petroleum products in Malaysia has largely either remained static or gone up.

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This entry was posted on Friday, February 20th, 2015 at 6:29 am and is filed under Malaysia, Malaysian election, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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