Currently,we are in a situation where the govt have no more money to pay sudsidy in order keep the prices of petrol low. Come June 1st,after a 6 months rest,the govt will review the price of petrol RON 95 which is currently price at RM1.90 per liter. As such, the govt have been telling the RAKYAT to prepare for an increase in RON 95 price. Recently,the RAKYAT have to bear the price increase of essentials items like sugar and cooking oil.
The govt do not have a good reason to increase the price of RON 95 because of the following reasons :-
1) Malaysia (NOT PETRONAS) is a NET OIL EXPORTER with a DAILY SURPLUS OF 45000 BARREL PER DAY (BPD)
--------------------------2011
--------------------------BPD
Daily Production-----600,000
Daily Consumption---555,000
Daily Surplus-----------45,000
2) Our oil TAPIS is the best quality oil because it have very little sulphur content and it is the MOST EXPENSIVE OIL in the world. We sell our TAPIS to the world but we import Cheap oil from the ARAB world and thus Malaysia profit from this arrangement.
If the price of RON 95 is increase, it will cause an increase in the cost of living for the RAKYAT as transportation cost increase, the transporter will pass the price increase to the consumer to protect their profit margin.
As explained,the govt have NO REASON to increase RON 95 price but it will do so because the govt is BANKRUPT and cannot pay the subsidy to the oil companies like Shell and ESSO.Hence,the RAKYAT is the VICTIM of CORRUPTION by UMNO and BN.
