Assalamualaikum to my fellow Muslims. What’s up peeps! First of all, I wish my very own self, a happy 34th birthday today.
A year and a month after the last hike, we see another 20 sen hike for RON95 petrol and diesel in Malaysia. Previously, we (Malaysians) paid RM2.10 and RM2.00 for petrol and diesel, respectively. Now. we shall [NOT will] have to pay another 20 sen, making them RM2.30 for RON95 and RM2.20 for diesel. Is this a precursor to the 2015 Malaysian Budget?
The last time both experienced this hike was last year [in 2013]. According to the reports,in quoting the media statement by the Ministry for Domestic Trade, Cooperatives, and Consumerism regarding the hike yesterday, it was in line with the subsidy rationalisation plan by the Government to ensure that the country’s finance remains strong.
It said the Government also aimed to curb the further smuggling of fuel by irresponsible quarters and also to ensure that the current subsidy is not misused.
“The Government will continue to implement the subsidy rationalisation in stages so as to not burden the lower income group.
“We understand that fuel price increase will affect the economy and the people. Therefore, we shall [the Malaysian Government will] continue to provide incentives to the lower income group to alleviate their burden,” said the Ministry.
The current unsubsidised market price for RON95 is RM2.58 [RM2.60] per litre while diesel is RM2.52 [RM2.50]per litre.
My analogy is, when the subsidy goes down, the price will go up.
So, with the hike in place, the Malaysian Government should consider these suggestions in view of the 2015 Malaysian Budget tabling by the Prime Minister, Datuk Seri Najib Tun Razak on the 10th of October :
– Introduce the reloadable subsidy card with infinity to the rakyat for the purchase of RON95.
– Reintroduce the road tax rebate for all vehicles, irrespective of CCs (cubic centimetres) or LWs (laden weight) (BDM).
– The BR1M 3.0 amount should be double the amount from last year, from RM500 to RM1,000 for singles and RM1,000 to RM2,000 for married couples.
– Reintroduce the RM1,000 rebate for smartphone and tablet purchases; and ages should not be restricted.
Lastly, look at the picture above. I know that this may be a kind of embarrassing to you. If you own an old-generation Proton Saga (kereta kebal one), you know that the sticker on the fuel filler door said that it ran on RON97, right? Why do you pump the inappropriate fuel? This is a false economy. A car running on a RON lower than the stipulated fuel will experience engine knocking all the time.