Dateline 2017-11-21, Malay Mail:
Will we see a return of fuel subsidies in the next few weeks? PKR’s Rafizi Ramli thinks so.
The Pandan MP said today after the Finance Ministry’s recent statement on fuel price, any government intervention would mean reverting back to a fixed price for fuel and going back to subsidies.
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Posted by Wata
Y’all oilers, where do you stand? This isn’t related to Malaysia waters, but a news item that should put you on a side of the fence. Anyhow, go give support. Now. Run.
Dateline 2017-11-08, FMT:
Forty-seven opposition MPs have petitioned Petronas urging the national oil corporation to pull out from Myanmar until its government recognises the rights of the Rohingya.
PKR’s Pandan MP Rafizi Ramli, who spoke for the group, said they had written to Petronas chief executive officer and president Wan Zulkiflee Wan Ariffin seeking a meeting to discuss the issue.
“Petronas has invested in several projects in Myanmar. However, only the Yetagun gas field in the Andaman Sea is in production.
“Petronas took up a stake in the project after an American investor withdrew,” he told a news conference in Parliament today.
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Dateline 2016-08-05, FMT:
PKR lawmaker Rafizi Ramli believes introducing quotas for Sarawakians in Petronas’ operations in Sarawak will do them more harm than good.
Referring to Sarawak DAP chairman Chong Chieng Jen’s suggestion yesterday that Petronas have a 70 per cent quota of home-grown management and middle management staff in the state’s operations, Rafizi said he understood the sentiments of Sarawakians, but imposing such quotas could be detrimental to the staff.
“All Petronas executives are taken from the company’s headquarters and reassigned to the various units and subsidiaries around the world, as the oil company’s operations covered upstream, gas, Liquefied Natural Gas (LNG), oil refineries, petrochemicals, and downstream activities, such as marketing and international trade.
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Posted by Wata
Putrajaya gets told a lot, don’t you think?
Dateline 2015-10-13, TMI:
Pakatan Harapan today urged Putrajaya to revamp the formula to determine local fuel prices by switching the reference currency from the US dollar to the ringgit. This, they said, would protect Malaysians from high fuel prices because of the continuous drop in the value of the ringgit in recent months.
“The formula to determine the actual true and fair price of fuel is the cost of crude oil and its processing to refine it to RON95 added with the guarantee of profit to oil companies,” Rafizi Ramli, who is PKR secretary-general, said in a press conference today
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And the problem of hidden fuel taxes is?
Dateline 2015-01-30, Malay Mail Online:
Malaysians have unknowingly paid more than RM1 billion in taxes to Putrajaya over the past two months as pump prices remain on a controlled float, an opposition lawmaker claimed today.
PKR’s Pandan MP Rafizi Ramli alleged that road users across the country have been paying above market price for the commodity, even after the complete removal of subsidies, due to the plunge in global crude oil prices.
“Because the rakyat continue to pay higher than market price, Barisan Nasional received a windfall by collecting petrol tax without announcing it to the rakyat,” he said in a statement, referring to the ruling coalition.
“For the month of January 2015, the rakyat paid RM307 million in petrol taxes for RON95 and RM209 million for diesel,” he added.
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Posted by Wata
Why the long faces? Oil prices go up and down. When they go back up to USD100 this 2H2015, will there be an outcry from the retailers?
Dateline 2015-01-08, FMT:
Pandan MP Rafizi Ramli has warned that profit margins in the retail oil industry are being squeezed between advance purchases of oil by station owners, reduction in pump prices at monthly intervals as the oil market declines, and government taxes.
He called for pump prices to be fixed on a weekly basis and station operators be allowed to collect petrol and diesel supplies on a consignment basis as the practice is elsewhere in the world.
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Posted by Wata
Weren’t dealers complaining recently that they were not making enough money?
Dateline 2014-11-24, The Malaysian Insider:
The government’s move to scrap the fuel subsidy and base the prices of RON95 petrol and diesel on a managed float system starting next month means that the rakyat will have to bear the extra burden of guaranteeing the profits of oil companies and petrol dealers, a PKR lawmaker said today.
Party secretary-general Rafizi Ramli said this was because under Malaysia’s version of the managed float system, about 30 sen was padded into the per litre cost of petrol and diesel, which was for profits guaranteed to oil and gas companies and petrol dealers.
This covers their costs of transportation, distribution, marketing and operations and also protects them from global price fluctuations.
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Posted by Wata
Dateline 2014-10-21, Malay Mail Online:
Opposition leaders have hit out at the rolling back of subsidies on RON95 fuel and diesel as “irresponsible” and “too drastic”.
PKR secretary-general Rafizi Ramli said that for decades Malaysia has been able to share part of its oil wealth with its citizens through a system of subsidised fuel, adding that part of the oil wealth flowed to the people directly and that they did not have to wait for the government to make allocations.
“The issue of petrol and diesel subsidies in this country should not be to the decided by whether the subsidies are good or bad for the economy.
“The bigger principle is whether the wealth from oil and gas found in this country is shared with the people, and not just spent arbitrarily by the government.
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Posted by Wata
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