29 November 2017
Petrol Price 30/11/17-06/12/17
RON95 RM2.30 (unchanged)
RON97 RM2.58 (unchanged)
DIESEL RM2.25 (up 2 cent)
*RASMI !* Mulai 30 Nov 2017 – 6 Dis 2017. Harga runcit Petrol dan Diesel adalah seperti yang berikut : RON95 : *KEKAL* (RM2.30 seliter) RON97 : *KEKAL* (RM2.58 seliter) DIESEL : *NAIK 2 SEN* (RM2.25 seliter
Harga PETROL RON 95, 97 KEKAL, Diesel up RM0.02 sen.. Nampak..??
Senarai Terkini Harga Petrol Malaysia Weekly Petrol Price Latest Weekly Update (23 – 29 November 2017)
13 September 2017
RON95 Up by 1 sen.
RON97 Up by 4 sen.
Diesel Up by 9 sen.
1 weeks on, still no decrease in petrol prices
Eleven weeks have passed yet a decrease in prices of petrol is nowhere in sight.
After last week’s increase, petrol prices are set to further increase for the third consecutive week, according to an announcement by the Domestic Trade, Co-Operatives and Consumerism Ministry.
RON95 and RON97 petrol will see an increase of one and four sen respectively, bringing the new prices to RM2.21 and RM2.52 per litre.
And unlike the one sen increase last week, diesel will now see an increase of nine sen, bringing the new price to RM2.14 per litre.
Petrol prices had climbed steadily since July 27, with the exception for the week of Aug 17 to 24 where prices remained unchanged.
As for diesel, this will be the third increase after two continuous weeks of marginal decline.
Petrol, diesel prices up this week http://www.msn.com/en-my/news/other/petrol-diesel-prices-up-this-week/ar-AArReyv?ocid=ob-tw-enmy-543 …
PETALING JAYA: The prices for petrol and diesel are up for the second week of September.
RON95 will be priced at RM2.21 per litre, up 1 sen from RM2.20, while the price of RON97 goes up 4 sen to RM2.52 per litre from RM2.48.
Diesel is up by 9 sen to RM2.14 per litre from RM2.05.
The new prices were announced on Wednesday evening and will take effect from 12.01am on Sept 14 until Sept 20.
7 September 2017
6 July 2017
Ministry probing stations that ‘run out’ of fuel the night before price hike
PETALING JAYA: Petrol station operators have been warned not to use underhanded tactics to try make more profit.
Domestic Trade, Co-operatives and Consumerism Ministry (KPDNKK) enforcement chief Datuk Mohd Roslan Mahayudin said that these tactics used by some operators are not only known by the authorities, but also by consumers.
He was commenting on complaints by consumers on social media that certain petrol stations they visited on Wednesday night closed earlier than usual claiming that they were out of petrol.
“Don’t use these tactics because KPDNKK and consumers know that they only adopt such practices when fuel prices increase.
“We are aware of these cases and view them very seriously. (Dealers) should not behave like that,” he told mStar, The Star’s Malay language portal on Thursday.
There were claims that this was related to the announcement that prices for RON95 and RON97 petrol would be increased by four sen, while the price of diesel would be seven sen higher at midnight.
Read more at http://www.thestar.com.my/news/nation/2017/07/06/domestic-trade-ministry-probing-petrol-stations-close-fuel-run-out/#2Dm0dqmmgF4SD83e.99
17 June 2017
A new formula for fixing retail prices of fuels will be announced next week, said Domestic Trade, Cooperatives and Consumerism Minister Hamzah Zainuddin
He said the move was being taken to ensure stability of the domestic oil industry and that the ministry would be holding a meeting with oil industry players next week to discuss the formula in the interest of all parties.
“The people must sympathise with petrol station operators who suffer losses when oil prices drop, They (petrol station operators) feel they are the victims (when prices drop),” he told reporters after attending a Ramadan function here today.
He added that he would also be asking the government to assist petrol station operators as they have been badly affected by the uncertainty in oil prices.
14 June 2017
Petrol prices down by 7 sen, diesel 6 sen…
10 May 2017
4 May 2017
Here’s a look at Malaysia’s fuel price over the previous month
3 May 2017
Fuel prices to drop across the board at midnight
26 April 2017
20 April 2017
Here’s a look at fuel price increases so far for April http://bit.ly/2oS2F0A
5 April 2017
RON95 and diesel prices up by 3 sen
The retail price for RON95 and RON97 will go up by three sen and two sen respectively by midnight.RON95 will be priced at RM2.16 per litre while RON97 petrol will cost RM2.43 per litre, the Domestic Trade Co-operatives and Consumerism Ministry announced.
Meanwhile, the price of diesel will decrease by 3 sen. The new price has been set at RM2.08 per litre.
29 March 2017
Fuel prices March 30 to April 5: RON95 at RM2.13 (down 17 sen), RON 97 at RM2.41 (down 19 sen), diesel at RM2.11 (down 9 sen)
Fuel prices down in first weekly announcement
The retail price for RON95, RON97 petrol and diesel has gone down 17 sen, 19 sen and 9 sen respectively.
RON95 will be priced at RM2.13, RON97 at RM2.41 and diesel will cost RM2.11 at the pump, according to sources…
31 Dec 2016
WHAT WILL THE NEW PRICES BE?
RON95 and diesel up 20 sen, RON97 up 15 sen for January 2017
Some punters expected the prices to go up by 20 sen per litre.
HA. HA. HA. Petrol price for RON95 is RM2.10 per litre. Well done, Malaysia!
Others said that they will go up by 30 sen.
HEARTLESS NAJIB REGIME TICKED OFF FOR PETROL PRICE HIKES: RON95 TO HIT RM2.20 A LITRE
Whatever the quantum, welcome to A MORE EXPENSIVE NEW YEAR!
Oil edges further above US$55 ahead of supply cut deal
LONDON – Oil edged further above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday.
Jan. 1 brings the official start of the deal agreed by the Organization of Petroleum Exporting Countries and several non-OPEC producers to lower production by almost 1.8 million barrels per day (bpd).
Brent crude was up 5 cents at $55.21 a barrel by 0941 GMT (4:41 a.m. ET). The global benchmark reached $57.89 on Dec. 12, the highest since July 2015. U.S. crude gained 20 cents to $53.22.
“OPEC’s output cuts are nearing, but because there’s hardly any news on producers, the market is stuck in the doldrums,” said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting in Tokyo.
Trading was shut on Monday for the Christmas holiday and volume was expected to be light on Tuesday.
Major OPEC members such as Saudi Arabia and Iraq have informed customers of lower supplies. But Libya and Nigeria – which are exempt from reductions because conflict has curbed their output – have been increasing production.
31 July 2016
Diesel up 10 sen tomorrow, RON95, RON97 unchanged http://malaysiakini.com/news/350606
30 June 2016
RON95, RON97 and diesel up 5 cents per litre tomorrow https://www.malaysiakini.com/news/347266
31 March 2016
RON95 and RON97 petrol up 10 sen, diesel by 20 sen https://www.malaysiakini.com/news/336059
31 January 2016
New fuel prices in February. More to follow: http://malaysiakini.com
Petrol and diesel retail prices continue to slide, with RON95 to cost RM1.75 at midnight Feb 1.
This is down 10 sen compared to January prices.
RON97 will cost 20 sen less at RM2.05 per litre and diesel will be cheaper by 25 sen at RM1.35 per litre, Bernama reported.
This is the second month in a row that fuel pump prices have gone down.
31 December 2015
FOR JUNE 2015, THE PRICE OF RON 95, RON 97 AND DIESEL GOES UP BY 10 SEN PER LITRE.
Harga runcit petrol & diesel bagi Jun 2015 naik 10 sen seliter kepada RM2.05 (RON95 & diesel) dan RM 2.35 (RON97): KPDNKK
FROM 1 APPRIL 2015: NO CHANGE IN PRICES.
Borneo Post Online
Pump price of RON97 maintained at RM2.25 after GST
KUALA LUMPUR: The retail price of RON97 at RM2.25 a litre for April is inclusive of the Goods and Services Tax (GST) of six per cent, according to the Finance Ministry.
“The RON97 price is unchanged from March and not as reported in a local daily, that it is RM2.385 after the GST,” a ministry spokesman told Bernama.
Harga RON95 tidak berubah pada RM1.95 seliter, RON97 pada RM2.25 seliter, dan diesel pada RM1.95 seliter -KPDNKK
RON95 RM1.95 (unchanged)
RON 97 RM2.25 inclusive of GST (unchanged)
Diesel RM1.95 (unchanged)
1st-31st MARCH 2015
RON95: Rm 1.95
RON97: Rm 2.25
Diesel 柴油: Rm 1.95
What will the price of petrol be on 1st April 2015?
Here is one prediction.
Khabar Angin bertiup dengan kencang Minyak kemungkinan akan naik..
Harga Ron95, Ron97 dan diesel
Jangkaan harga minyak untuk April 2015
@TVUUM http://www.mysumber.com/harga-minyak-bulan-april-2015-petrol-ron95-ron97-diesel.html …
From 12.01 am, Sunday, 1 March 2015
RON95: Rm 1.95
RON97: Rm 2.25
Diesel 柴油: Rm 1.95
28 FEBRUARY 2015
This is the last day of February. You might want to fill up all your three cars with petrol before midnight.
Who knows, the price of petrol may go back up at 12.01 am, 1 March.
IT’S 1 FEBRUARY. You can buy petrol now as it’s cheaper.
Don’t buy petrol till 1 February 2015!
CURRENTLY FOR THE MONTH OF JANUARY:
RON95 RM1.91 per litre
Diesel RM1.93 per litre
RON97 RM2.11 per litre
FROM 1 FEBRUARY 2015:
RON95 RM1.63 per litre?
Diesel RM1.62 per litre?
RON97 RM1.67 per litre?
HOW REASSURING! Let’s hope that he is right….
Ahmad Maslan confident oil price won’t fall belo… http://www.kinibiz.com/story/corporate/140137/ahmad-maslan-confident-oil-price-wont-fall-below-us40.html … via
@Kinibiz | https://twibble.io
Deputy Finance Minister Ahmad Maslan has expressed his confidence that the crude oil price will not fall below US$40 a barrel this year.
He said instead, it will not exceed the crude oil price assumption of US$55 a barrel used by the government in the Budget 2015 revision as announced recently.
“If the price of oil were to fall below US$40 a barrel, oil companies will not be able to produce oil because the cost will be higher than the revenue.
“I am confident that the Organisation of the Petroleum Exporting Countries (Opec) will also not allow the price to fall below that level,” he told Bernama after an interview on the ‘Dalam Radar’ programme over Radio24.
Ahmad also commented on a positive outlook of the oil price in the second half of this year as espoused by International Trade and Industry Minister Mustapa Mohamed.
Mustapa, who attended the World Economic Forum annual meeting recently, said that world leaders concurred that the oil price slump was temporary and would rebound in the second half of this year to between US$60 and US$70 a barrel.
Thus, Ahmad said he is confident that the government’s assumption of the oil price in the Budget 2015 revision was accurate as it was even lower that of the international forecast.
THE SITUATION IS WORSE THAN THE EXPERTS THOUGHT!
U.S. oil supplies hit highest level in 80 years
Latest U.S. oil supply report shows an increase 4x as large as what Wall Street expected. http://on.mktw.net/1JnsWpn
SAN FRANCISCO (MarketWatch)—This week’s U.S. supply report showed an increase that was four times as large as Wall Street expected and pushed crude stockpiles to their highest level in 80 years.
The U.S. Energy Information Administration said Thursday that crude inventories rose by 10.1 million barrels in the week ended Jan. 16. Analysts polled by Platts had expected an increase of 2.5 million barrels for the week.
The last time U.S. crude inventories hovered around 400 million barrels was June/July 1924, when Calvin Coolidge was the president. At 387.9 million barrels, U.S. crude oil inventories “are at the highest level for this time of the year in at least the last 80 years,” the EIA said in the report.
Good news for importers of oil and Malaysians who will pay much lower prices at the petrol station but BAD NEWS for the ringgit, palm oil, Govt deficit, trade and the stock market.
Oil prices may hit bottom at US$40 a barrel, CNBC reports
Financial news website CNBC reported on Wednesday that technical analysts believe the plunge in oil prices will continue until prices hit bottom at around US$40 a barrel.
The price of a barrel of US crude has already breached the psychological US$50 mark, falling 10 per cent in just the last two days.
Technical analyists – who study oil’s historical price charts to make buying and selling decisions – are going back 15 and even 30-plus years in order to find where oil will go next. Many are concluding US$40 is the next marker to watch, said CNBC.
Investment spending will be cut in the US, Europe and Asia but not in Africa and the Middle East.
Price fall to push oil industry into “sharp recession”
NEW YORK (AFP) – The oil price plunge will force energy companies to slash capital spending in North America, Europe and Asia in 2015, investment bank Evercore IS said on Tuesday.
But investment will continue to rise in Africa and the Middle East as producers in those areas seek to boost long-term output in the flooded global oil market.
Evercore estimated that oil companies would cut spending on exploration and production globally this year by 10-15 per cent, and by 25-30 per cent in North America.
“To sum it up, a sharp recession is coming to the global oilfield,” said Mr James West, an oilfield services analyst at Evercore, after surveying 300 global oil and gas companies on their 2015 spending plans.
As the world’s top policy makers rewrite their forecasts for global growth on oil’s price-plunge, who are the biggest winners and losers?
In dollar terms, the price drop translates into a $117 billion loss in revenues for Saudi Arabia if oil prices hold for another six to eight months, based on that country’s massive exports of crude. Russia, already in recession, could lose nearly $100 billion in revenues, almost 5% of the country’s GDP. Iran’s also in similar straits, maimed by international sanctions and a falling currency, with the price drop slicing off 5% of its GDP in revenues. And Kuwait could see its oil income fall by $32 billion, almost one-fifth of the country’s GDP.
For U.S. consumers, it’s an aggregate windfall worth $90 billion. It’s also a benefit equivalent to nearly a percentage point of GDP for China, Germany and France.
Click on the link for a searchable table that indicates the potential impact on countries’ gross domestic product around the world. (Click on column headers to change rankings.)
FROM 12.01am NEW YEAR’S DAY 2015
RON95 (RM1.91 per litre) – down 35sen
Diesel (RM1.93 per litre) – down 30sen
RON97 (RM2.11) – down 35sen
RON95, diesel to be RM1.90 to RM1.95 in Jan The announcement will be made by the Domestic Trade Ministry, says… http://fb.me/3zoXwHUIQ
Deputy Finance Minister Ahmad Maslan says the price of RON95 and diesel is expected to range between RM1.90 and RM1.95 per litre beginning next month.
“It is expected RON95 and diesel will be between RM1.90 and RM1.95 per litre starting Jan 1, 2015.
“The announcement will be made by the Domestic Trade, Co-Operatives and Consumerism Ministry,” he said in a Twitter posting tonight.
If implemented, the price cut is more than 10 percent for both types of fuel.
The retail price for RON95 is RM2.26 per litre while diesel is RM2.23 per litre for December.
Ahmad made no mention on the expected price of RON97.
How oil price fall will affect crude exporters – and the rest of us
- The Observer, Sunday 21 December 2014
The price of a barrel of Brent crude has almost halved from $115 in the summer to stabilise around $60 last week. Most forecasters expect the cost of oil to remain low well into next year.
…Now the house of Saud appears willing to wait almost as long for its own victory. The plan, agreed with Opec, maintains output, ignoring demands for cuts to push the price back up again.
As the dominant Opec member, and keen to protect its own market share, the Saudis have forced the others to take the long view with a strategy that aims to put out of business all those producers that have flooded the market in the last few years and dragged the price lower.
US fracking firms, where production costs are high, should be the first to feel the financial pain. But there will be collateral damage to others too. Iran may find itself running out of cash. And then there is Russia, which is heading for a deep recession next year as gas prices follow oil to lows not seen in 10 years. There will be winners too. The UK, now a net importer of oil, has already benefited by an estimated £3m-a-day reduction in fuel costs. Businesses will gain from cheaper energy, and cheaper petrol in effect puts more cash in consumers’ pockets.
Taken in the round, global GDP could rise by 0.2% to 0.5% as the wheels of trade are lubricated a little more.
RON95, RON97 prices likely to go down further in tandem with falling global oil prices, new rates to be announced on Dec 31:
It is said that demand for RON 97 has shot up 4 times…
NO RON 97 AT THE PETROL STATION I FREQUENT!
IS THE SHORTAGE OF RON 97 DUE TO INCOMPETENCE?
The shortage actually began as early as last Wednesday for some dealers. It is mostly occurring at stations in the east coast and the Klang Valley.
A total of 130 stations out of the 3,600 nationwide do not have stock of RON97.
WHO IS TO BLAME? See how each party passes the buck.
1. Domestic Trade, Cooperatives and Consumerism Minister Datuk Hasan Malek blames the shortage of RON97 on petrol dealers, “Petrol dealers should ensure that they order more stock of RON97 but of course supply for any additional order will take time.”
2. Petrol Dealers Association of Malaysia (PDAM) president Datuk Hashim Othman said the oil companies were not providing them with sufficient supply. “We (petrol dealers) don’t want to be blamed for something that is not our fault,” he said, adding that oil companies should be pressed to explain the reason behind the shortage.
3. A brief statement from Shell explained that the company was aware of the RON97 shortage and said that it was due to increased demand.
YAHOO! NEWS MALAYSIA
Ministry told of RON97 shortage last week, says petroleum association
PETALING JAYA, Dec 2 — The Domestic Trade, Cooperative and Consumerism Ministry and oil companies were informed last week that RON97 supply had been running low among petrol operators.
Petroleum Dealers Association of Malaysia president, Datuk Hashim Othman, said it had informed the relevant parties of the shortage last Wednesday.
“Petrol operators always inform oil companies when they run low on supply. Whenever we run out of stock, all we can do is to report the matter to the ministry so they can address the issue,” he said.
“But oil companies would know it already because it is an automated system where they can monitor all the stock among dealers.”
Hashim said he was not sure why supply of RON97 had been low as according to rules set by the ministry, all companies must supply petrol to operators and cannot refuse to restock.
He also highlighted this was first time there had ever been a shortage for RON97 in the country.
Wednesday December 3, 2014 MYT 7:15:38 AM
‘RON97 shortage not our fault’
KUALA LUMPUR: Petrol dealers are fed up of being blamed for the shortage of RON97 and are insisting that it is the oil companies which are at fault.
Petrol Dealers Association of Malaysia (PDAM) president Datuk Hashim Othman said the oil companies were not providing them with sufficient supply, stressing that there was no reason for petrol dealers to hold back on sales of RON97.
“If we do not sell, we don’t earn. It is as simple as that,” he said when contacted.
He added that it was unfair that oil companies are silent over the scarcity of RON97 as there were shortages about three days before Dec 1.
A brief statement from Shell explained that the company was aware of the RON97 shortage and said that it was due to increased demand.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Hasan Malek said that the shortage of RON97 should be solved by week’s end.
“We are in talks with petrol dealers and oil companies and they have assured us that the issue would be dealt with soon.
With a price difference of only 20 sen, the demand for petrol has shifted from 10% for RON97 and 90% for RON95 previously to 20% and 80%, respectively and that’s enough to cause a shortage of RON97?
Malay Mail Online
PETALING JAYA, Dec 2 — Many petrol stations in the Klang Valley ran out of RON97 petrol on the first day of the introduction of the managed float method for fuel prices.
Checks at several petrol stations in Taman Tun Dr Ismail, Petaling Jaya, Bangsar and Damansara revealed they had run out of RON97 petrol as early as 11.30am.
Operators were however quick to blame it on the sudden drop of government regulated petrol prices.
A petrol dealer with 26 years’ experience said his station stopped selling RON97 petrol two days ago because of the shortage of supply and increase in demand.
“I’ve never experience such a situation before. The price dropped in the middle of last month by 20 sen and it has now dropped by an additional 9 sen,” he said.
“There’s not much difference between RON97 and RON95 even though both fuels are on the managed float.”
With a price difference of only 20 sen, the operator said, the demand for petrol had shifted from 10 per cent for RON97 and 90 per cent for RON95 previously to 20 per cent and 80 per cent, respectively.
In George Town, several petrol stations also ran out of RON97 petrol by 2pm.
“We did not expect so many people to suddenly start filling up on RON97,” one dealer said at a petrol station in Jalan Datuk Keramat.
In Ipoh, a petrol station owner said the shortage of RON97 was because retailers did not want to[ take delivery of the fuel.
“We were aware two days ago that the price of RON97 would decrease. Why would we want to take delivery of a product where we knew we would lose money?” he asked.
Will the prices of RON95 and RON97 fall on Monday? Yes. But diesel will cost more!
Fuel prices per litre from Dec 1: RON97 -RM2.46, RON95 – RM2.26, diesel RM2.23. Would you consider a shift to RON97?
Saturday November 29, 2014 MYT 10:14:25 PM
Prices of RON95, RON97 likely to be reduced from Monday, ‘circular’ suggests
PETALING JAYA: The price of RON95 petrol is likely to be reduced by four sen to RM2.26 per litre for the month of December, according to a document being circulated on social media.
The circular, dated Nov 28, is addressed to the BuraqOil Consortium and appears to have been sent from the Finance Ministry’s tax analysis division.
According to the circular, the price of RON97 will be lowered by nine sen to RM2.46 per litre, while diesel will be priced at RM2.23 per litre, marking an increase of three sen.
N0 SUBSIDY FOR RON 95 AND DIESEL FROM 1 DECEMBER 2014!
WILL RON 95 COST MORE OR LESS ON 1ST DECEMBER?
If you see long queues on 30th November, Malaysians will be telling you the answer by their action.
HOW WILL THEY CALCULATE THE PETROL PRICE?
How managed float prices for petrol will be calculated KINIBIZ With subsidies removed, pump prices will be… http://fb.me/2YtHFL9eG
KINIBIZ Under the new managed float system for RON95 petrol, pump prices would be determined by a 10-day average of fuel prices in international traded markets plus fixed profit margins for refineries and retailers.
Under the new system, pump prices will be reviewed on a monthly basis and there will no longer be a subsidy component.
The new fuel pricing mechanism was announced yesterday by the Domestic Trade, Cooperatives and Consumerism Minister Hasan Malek and is effective Dec 1.
The final pump price will be based on the Mean of Platts Singapore benchmark.
Hasan said if there is a significant change in prices in the first 19 days of each given month then the average of the last 10 or 11 days of the month will be taken to calculate the final retail price.
Included in the final retail price on top of the Mean of Platts 10-day average is a fixed operational cost recovery factor, a fixed margin for oil companies and a fixed profit margin per unit for petrol dealers, a Pemandu director, Ku Kok Peng, explained.
Mean of Platts Singapore or MOPS is a measure of fuel oil pricing in Singapore. It refers to the mean price of oil traded through Singapore as per the data from Platts, a commodity information and trading company.
MOPS typically will have a value referring to its premium over ex-wharf bunker fuel prices. When demand is low and the supply is good, premiums will be low or negative. Conversely, when demand is high and the supply is tight, premiums will be high or positive.
DID YOU KNOW THAT WE HAVE BEEN PAYING 3 SEN OF TAX ON EVERY LITRE OF RON 95 SINCE 1 NOVEMBER 2014?
Kuala Lumpur also revealed that it has been taxing consumers three sen per litre of its main consumer petrol grade, RON95, since Nov 1, but added that given the downward trend in crude oil prices, it expects prices to be reduced next month.
“From Nov 1 to 19, the average price of RON95 fell to RM2.27 per litre, below the retail price of RM2.30 per litre. The government will monitor the market price from Nov 20 to 30 to determine the retail price for December,” Domestic Trade and Consumer Affairs Minister Hasan Malek said in a statement.
RON 95 AND DIESEL: NO LONGER SUBSIDIZED FROM 1ST DECEMBER 2014
MALAYSIA will end its 31-year-old fuel subsidy regime on Dec 1, with the government announcing yesterday that it will remove subsidies for the lower-grade RON95 petrol and diesel.
The move – helped by plummeting prices of oil worldwide – will help Prime Minister Najib Razak tackle Malaysia’s persistent budget deficit.
The subsidies, which totalled about RM24 billion (S$9.3 billion) last year, have been a major drain on government finances over the past decade.
Malaysia’s premium grade petrol, called RON97, has been on a “managed float” determined by the government since July 2010.
Pump prices for RON95 and diesel will from Dec 1 be managed in a similar way. Under the “managed float” system, the government will set and update the pump prices from time to time based on global prices, instead of leaving it to retailers.
Hasan Malek: RON95 petrol and diesel subsidies will be stopped from Dec 1; retail prices to be determined by managed float similar to RON97.
PUTRAJAYA: Beginning Dec 1, fuel subsidies for RON95 and diesel will be removed following the implementation of a managed float system similar to that used on RON97.
In announcing this today, Domestic Trade, Cooperatives and Consumerism Minister Datuk Sri Hasan Malek said the decision was made following a cabinet meeting held earlier today.
“Through the managed float system, the average change in the cost of the product will determine the price (of fuel) of the following month.
“For example, under the Automated Price Mechanism, the average price of RON95 from Nov 1 until 19 was set at RM2.27 per litre, lower than the retail price of RM2.30 per litre,” he said.
“If this trend continues, the retail fuel price will be lower in December,” he said, adding that the government would monitor market prices until Nov 30 to determine the average retail fuel price for December.
RON97 DROPS FROM RM2.75 TO RM2.55 FROM 12.01AM NOVEMBER 19, 2014
Ron97 turun 20 sen seliter drpd rm2.75 kpd rm2.55 mulai tengah mlm ini,19 Nov. Disertakan salinan surat Kem. Kewangan
THIS WAS REPORTED BACK IN OCTOBER 2014:
RON95 petrol price to stay until June next year, says minister
WILL WE BE SUBSIDIZING THE GOVERNMENT TILL JUNE 2015?
Fill her up! Petrol prices have fallen to 18-month low http://www.stuff.co.nz/business/industries/63262418/Petrol-prices-fall-to-18-month-low …
Annual petrol bills are about $140 cheaper for motorists after the seventh consecutive cut to petrol prices today.
Both petrol and diesel prices have hit a new low for 2014, dropping 2 cents a litre to their lowest point since April and May last year.
A litre of 91-octane fell to 207.9c and diesel dropped to 140.9c a litre.
BP spokesman Jonty Mills said it was the seventh consecutive petrol price drop in six weeks.
In late September motorists were paying 221.9c a litre for 91-octane petrol, and 151.9c a litre for diesel.
Automobile Association PetrolWatch spokesman Mark Stockdale said the 14c drop in petrol would translate to about $140 in petrol savings over the course of a year.
This was based on a typical medium-sized two litre car, he said, which the AA estimates uses about $2800 of petrol annually.
Mills said the cut was because of the continued downward trend in the cost of product on the international market.
Last week, oil prices were at the lowest they have been in four years.
Monday November 17, 2014 MYT 7:07:17 AM
Cheaper fuel possible with drop in crude oil price
MALACCA: There is definitely scope for the prices of RON95 petrol and diesel here to be reduced when global crude oil prices drop to between US$70 and US$75 (RM231 and RM248) per barrel, said Deputy Finance Minister Datuk Ahmad Maslan.
“If global crude prices drop to that range, then it would have crossed the current RM2.30 per litre price point, which is the subsidised price for RON95,” he said after a Goods and Services Tax (GST) briefing in Alor Gajah yesterday.
Crude oil price is hovering at around US$80 (RM260) per barrel this month.
IT LOOKS INCREASINGLY CERTAIN THAT WHOEVER THOUGHT UP THE THREE-TIERED PETROL SUBSIDY SCHEME HASN’T BEEN USING HIS BRAIN!
To qualify for the subsidy, you have to be in the individual income level of less than RM5,000 a month but that means 80% or more of Malaysian individuals!
What’s the point of introducing a scheme that ends up subsidizing so many when the intention is to reduce the subsidy? Unless it is to benefit the people who get the contracts related to the whole scheme?
2:48PM Oct 28, 2014
Gov’t blunders with tiered oil subsidy
KINIBIZ Tiger read with great interest and increasing alarm that we are going to have a tiered subsidy system for fuel. Now, whoever came up with this feeble idea and who will gain from it? Who will enforce it? Tiger groans at the scheme’s plain stupidity and wonders what’s the motive.
Tell me if I am wrong. Aren’t fuel subsidies supposed to be a toll on government finances and encourages on top of that wasteful use of wasting resources instead of discouraging their unnecessary use? Isn’t that why the government is cutting subsidies bit by bit?
The implementation would be based on the registered owner’s salary and a special body will be set up to verify the entitlement and monitor the implementation of the subsidy rationalisation scheme.
First, let’s look at the tiers. If you earn less than RM5,000 a month, your fuel will be subsidised. According to government figures, the median household income for Malaysia is RM4,258 a month. In other word, half of all Malaysian households earn less than RM4,258 a month.
Mind you, this is household income, not individual income. If more than one individual works in an household, and that is likely to be quite common, individual income is a lot lower.
Salary can be good proxy for income. A salary survey by the Statistics Department shows that the median salary for 9.3 million Malaysian workers for 2012-13 is just RM1,500 a month. That means 50% of salaried Malaysians earn less than RM1,500 a month.
The figure of RM5,000 per month for individual income, the cut-off for subsidies, is more than three times the median salary which means that well over half and perhaps as much as four fifths or more of Malaysian individual incomes are likely less than RM5,000 a month.
And those who don’t get any subsidies at all (individual income of over RM10,000 a month) are likely to be a very small percentage, most likely in the single digits. But even this group is likely to get subsidies because it is so easy to do so.
All you need to do is to register your vehicle in the name of your wife or son or daughter or some other relative who does not have an income or whose income is rather low.
The end result is likely to be that nearly everybody will get subsidised fuel! Why bother then with removing subsidies and then imposing a tiered subsidy which is likely to exempt nearly everyone?
Petrol subsidy to be distributed via MyKad, rich to pay full price http://goo.gl/6ZlzPX
UPDATE: Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah has revealed that those earning below RM5,000 per month will receive full subsidy, while those earning between RM5,000 and RM10,000 will get partial subsidy. No subsidised fuel for those earning five figures a month.
THE RUMOUR OF A QUOTA-BASED PETROL SUBSIDY RAISES ITS UGLY HEAD AGAIN and it is now confirmed to be true!
Friday October 24, 2014 MYT 7:16:52 AM
No more petrol subsidy for high-income earners
BANGI: High-income earners will have to start paying the market price for RON95 petrol, while those in the low-income bracket will continue to enjoy the current subsidised rate once the petrol subsidy rationalisation mechanism is implemented in June.
The current market rate for RON95 is RM2.58 per litre, while the subsidised price is RM2.30 per litre.
Deputy Finance Minister Datuk Ahmad Maslan said the mechanism, which might involve the use of MyKad or other cards, was still being refined by the Finance and the Domestic Trade, Co-operatives and Consumerism ministries.
“For the middle-income group, some will still enjoy the subsidised rate,” he told a press conference after the Goods and Services Tax (GST) and Budget 2015 briefing for officers from the Rural and Regional Development Ministry and related agencies yesterday.
Ahmad said it did not make sense that those driving luxury cars enjoyed 75 litres of petrol subsidy while the low-income group had 7.5 litres for each refuelling.
“When the system for subsidised diesel starts in January, fleet cards will be used for its purchase,” he said.
Govt might introduce quota-based petrol subsidy
KUALA LUMPUR, Oct 20 (Bernama) — The government might introduce a quota-based petrol subsidy to ensure a more targeted allocation.
RHB Investment Bank Bhd Director Regional Head, Equity Capital Markets Corporate and Investment Banking Services Gan Kim Khoon said the MyKad would be used for identification and a certain quota or quantity allocated to avoid abuse of the subsidy by the rich.
YAHOO! NEWS MALAYSIA
RON95 petrol price to stay until June next year, says minister
Datuk Ahmad Maslan today denied any petrol subsidy rationalisation exercise, saying the price of RON95 petrol is likely to stay at RM2.30 a litre until June next year.
The deputy finance minister was quoted by Bernama as saying that any petrol subsidy rationalisation exercise was unlikely until the Ministry of Domestic Trade, Cooperatives and Consumerism implemented the targeted fuel subsidy mechanism in June 2015.
Gov’t might introduce quota-based petrol subsidy Khazanah Nasional Bhd says the MyKad would be used for… http://fb.me/7c2QrHOQ8
The government might introduce a quota-based petrol subsidy to ensure a more targeted allocation.
Khazanah Nasional Bhd director of research and investment, Mohamed Ridzuan Mohamed, said the MyKad would be used for identification and a certain quota or quantity allocated to avoid abuse of the subsidy by the rich.
“This is why I think the government is taking a little longer to introduce it (the new petrol subsidy structure) as it involves a lot of changes at the pump or payment systems.
“It will also involve much software changes as well,” he said at the Deloitte TaxMax Seminar in Kuala Lumpur today.
Quota–based petrol subsidy a possibility, says Khazanah’s director of research: KUALA LUMPUR, Oct 20 — The gov… http://bit.ly/1vBBEgg
IF YOU OWN A CAR CONSIDERED “NOT A POOR MAN’S CAR”, EXPECT TO PAY MORE FOR YOUR “RICH MAN’S CAR” IN SOME WAY. MAYBE A HIGHER ROAD TAX.
IN JANUARY 2014 (LAST MONTH)
1. Tengku Adnan brought up the idea of “fuel subsidy only” for the poor. When the rakyat protested, he denied any such plan. He even denied that he had ever said it!
2. Did you think the plan of allowing a “fuel subsidy only” for cars “of the poor” has been abandoned?
3. YOU WOULD BE WRONG.
Read what the Prime Minister said.
Drawing a comparison between the petrol subsidy enjoyed by Perodua Kancil and 2,500cc car owners, Najib said it was not fair that owners of the smaller car enjoyed an average RM900 a year subsidy while owners of flashy cars enjoyed an average RM2,500 subsidy annually.
4. No, the plan is not dead. It will come back in some form, perhaps in ever higher road tax rates for cars in the 2.3 litre range.
READ A DEEPER MEANING INTO TENGKU ADNAN’S WORDS: THE GOVT IS GOING INCREASE THE PRICE OF RON95 SOON!
When? Your guess is as good as mine but how about just after GONG XI GONG XI TIME?
*Tengku Adnan denies that the petrol subsidy will be abolished.
Agreed. It wont be abolished BUT REDUCED = higher RON95 price.
Ku Nan says remark not a hint that petrol subsidy will be abolished
BY YISWAREE PALANSAMY
January 26, 2014
Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor (pic) today denied that his controversial remarks that subsidised RON 95 fuel will only be available for the poor was a hint that Putrajaya would be abolishing fuel subsidy soon.
“No… no… no… I did not imply nor hint that the subsidy was going to be abolished but the subsidy rationalisation must be relooked.
“We are a responsible government. We can choose to be populist and not make certain decisions but we can’t do that and make decisions to be popular,” he said clarifying his remarks made two days ago.
Free Malaysia Today
Another fuel price hike on the horizon?
Federal Territories Minister Tengku Adnan Tengku Mansor’s “fuel subsidy only” for the poor plan has raised questions.
KOTA KINABALU: Fears are mounting here of a further spike in prices for goods and services following an innocuous statement on fuel subsidies “for the poor” by a federal government minister.
Federal Territories Minister Tengku Adnan Tengku Mansor had on Thursday announced the plan in Putrajaya which will allow those classified as “poor” buy fuel at cheaper rates.
Some here believe the ‘plan’ hides the fact that the government is running out of money and has to raise prices of fuel again to remain solvent and reduce debt.
According to arguments by skeptics here the ‘devil’ is in the detail hidden within Tengku Adnan’s announcement.
They argued that by providing a subsidy specifically for the “poor”, the government can free itself of the shackles limiting its periodic fuel price hikes out of consideration for the poor.
If fuel for the poor are subsidised then there would be nothing to stop the government from allowing fuel prices to rise more often and be on par with neighbouring countries because the poor would not be directly affected.
HOW MANY SIDES ARE THERE TO A STORY? Normally, three sides: my side, your side and the truth.
WITH A POLITICIAN, there are as many sides as necessary, depending on how often he has to change a story.
FINALLY, TENGKU ADNAN ADMITS SAYING IT BUT CLAIMS IT WAS HIS PERSONAL OPINION.
Aha, the ‘so stupid’ journalists/reporters heard him correctly!
YAHOO! NEWS MALAYSIA
RON95 sales curb was just my opinion, Ku Nan says
KUALA LUMPUR, Jan 24 — Minister Datuk Seri Tengku Adnan Tengku Mansor today denied a media report quoting him as saying that Putrajaya will restrict sales of the subsidised RON95 petrol to “poor” people, stressing that he was merely expressing a personal opinion.
The federal territories minister also said it was a suggestion on the study being conducted by the Economic Planning Unit (EPU) under the Prime Minister’s Department to ensure fuel subsidies that cost the government RM24.8 billion last year are better targeted at those who most need them.
“I just gave an example that RON95 is subsidised… so the government is looking at how to solve the problem so that only the deserving ones should use that,” Tengku Adnan told The Malay Mail Online today.
“I don’t know what EPU is going to come up with… they are doing a study now,” he added.
CRITICIZED, TENGKU ADNAN DENIES WHAT HE SAID, ACCORDING TO KJ (KHAIRY JAMALUDDIN).
No, they misreported him! He never said that RON95 is for only the poor. Those people (reporters) are ‘so stupid’.
TENGKU ADNAN DENIES SAYING WHAT HE IS REPORTED TO HAVE SAID. AS USUAL, THE MAN SPEAKS FIRST AND DENIES LATER.
THE STAR AND NEW STRAITS TIMES REPORTED HIM AS SAYING THAT RON95 WOULD BE ONLY FOR THE POOR.
BOTH THE STAR AND NEW STRAITS TIMES MUST BE WRONG, RIGHT? And their reporters are ‘so stupid’ and fail to understand him.
1:40PM Jan 24, 2014
KJ, Ku Nan deny RON95 only for the poor
Youth and Sports Minister Khairy Jamaluddin Abu Bakar has denied a report quoting the federal territories minister that the government plans to limit the sale of RON95 petrol to the lower income group.
Khairy or KJ as he is usually known as, said he checked with Tengku Adnan Tengku Mansur.
“Tengku Adnan did not say RON95 will be sold to the lower income group or the poor. Do not spin untrue stories,” KJ said in a tweet.
Tengku Adnan in his tweet said, ‘why so stupid’ about understanding what he had said.
“I talked about rationalisation in fiscal policy on subsidy to the rakyat who are in need compared to the rich,” he said.
8:15PM Jan 24, 2014
PM: No decision yet to sell RON95 only to those eligible
The government has yet to make a decision on the proposal to sell RON95 petrol only to eligible groups of people, Prime Minister Najib Abdul Razak said today.
“There is no decision as yet,” he told a news conference after chairing a meeting of the Umno supreme council in Kuala Lumpur.
YAHOO! NEWS MALAYSIA
‘Difficult’ to discriminate over RON95, Dr M says
KUALA LUMPUR, Jan 24 — A proposal to reduce subsidy spending by selectively restricting the sale of RON95 petrol will be difficult to implement, Tun Dr Mahathir Mohamad said today.
The former prime minister pointed out the complexity involved in qualifying one group from another to determine who should be allowed to purchase the subsidised fuel.
“It is difficult to separate who is considered rich and who is poor,” the former prime minister told reporters at a news conference here.
Yesterday, The Star newspaper reported Federal Territories minister Datuk Seri Tengku Adnan Tengku Mansor as saying that Putrajaya was in the process of devising a scheme to bar the sales of subsidised RON95 to those who could afford the more expensive RON97 petrol.
“We want to impose the increase to only those who can afford it. Someone may drive a (Toyota) Alphard or even a Mercedes (Benz) but they still use RON95 petrol.
Friday January 24, 2014 MYT 2:29:59 PM
Netizens critical of ‘RON95 petrol only for the poor’ proposal
PETALING JAYA: Are the poor going to be defined only by the cars they drive? Do they, in future, have to bring their payslips along to petrol stations?
These were among the questions netizens asked of a government proposal to limit subsidised RON95 petrol only to the poor.
Many were critical of this proposal, saying that is was impractical and not feasible.
HOW WILL THE GOVT DECIDE WHO IS POOR OR NOT?
The BN Govt is talking about disallowing drivers of a Toyota Alphard or Mercedes Benz from buying RON95! In this category, you could include drivers of BMW, Volvo and many Continental cars.
If you own or drive one of the following cars, be prepared to be denied RON95. YOU ARE RICH!
1 All Alfa Romeo cars.
2 All AUDI cars.
3 All Bentley cars.
4 All BMW cars.
5 Chevrolet models priced at RM90,000 or above.
6 All Citroen cars.
7 All Fiat cars.8 Honda cars except lower-end City cars.
9 All Hyundai cars priced at RM90,000 or above.
10 Kia Optima, Sportage and Sorento
11 Landrover, Lexus and Lexus.
12 Mazda cars priced at RM90,000 or higher.
13 Mercedes Benz.
15 Nissan cars priced at RM90,000 or above.
16 Almost all Peugeot cars.
17 Renault, Skoda and Subaru cars.
18 Ford cars.
19 Almost all Toyota cars.
20 Porsche, Volvo, Maserati and Ferrari cars.
Thursday January 23, 2014 MYT 6:55:58 PM
Tengku Adnan: Sale of subsidised RON 95 fuel to be limited to the poor
PETALING JAYA: In a bid to tighten government spending and ensure all subsidies are taken advantage by only deserving Malaysians, the subsidised price of RON 95 fuel is expected to be only available for the poor.
Federal Territories minister Datuk Seri Tengku Adnan Tengku Mansor made this revelation on Thursday adding that the new pricing policy may take effect in May or June this year.
“We want to impose the increase to only those who can afford it. Someone may drive a (Toyota) Alphard or even a Mercedes (Benz) but they still use RON95 petrol.
He said it was likely that those who do not qualify to purchase RON95 fuel at subsided prices, may only be eligible to purchase RON97 petrol instead.
After the rise in the price of RON 95, RON 97 and diesel, expect other prices to go up!
WELCOME TO FUTURE PRICE HIKES!
Inflation is a rise in the general level of prices of goods and services in an economy over a period of time.
The recent rise in fuel prices will have both a knock-on effect and a ripple effect.
06 October 2013| last updated at 01:08AM
‘Prepare for price hikes’
SUBSIDY RATIONALISATION: Sugar, flour may cost more after Budget, says minister
IPOH: THE Domestic Trade and Consumer Affairs Ministry said there is a possibility of price hikes in sugar and flour as part of the government’s subsidy rationalisation.
Minister Datuk Hasan Malek said it would be announced during the tabling of the 2014 Budget on Oct 25.
“The government’s intention is to strengthen the economy. We do not want to be like the United States, where its economy has been shut down,” he said after opening a briefing on current issues and consumerism campaign with hawkers and petty traders.
Hasan urged consumers to look at the positive side of the government’s actions, and said any new measures brought about by the government was meant for the overall wellbeing of the people.
If prices go up by 10-20 cts each time, it’s acceptable ‘maybe’ but it’s crazy like this. No wonder, many people r finding it hard to survive
Two men began to quarrel, and one whacked the other with his fist. He was charged in court for assault. “Your honor,” he said, “I didn’t hit him. He ran into my fist.”
That’s not very different from what the Deputy Finance Minister said, “We didn’t raise the price of petrol, only reduced the subsidy.”
Government didn’t raise petrol price, says deputy minister
BY MOHD FARHAN DARWIS
September 23, 2013
The government did not raise the price of petrol, and had merely reduced the subsidy, Deputy Finance Minister Datuk Ahmad Maslan (pic) told Parliament today.
“The government never hiked the petrol prices, which are determined by the global market. The government had merely reduced the subsidy,” he said in reply to a question from Shaharuddin Ismail (BN – Kangar),
Sunday September 22, 2013 MYT 9:29:13 AM
Fomca: Food prices up by a fair bit
BANGI: Food prices have increased by “a fair bit” following the hike of diesel and RON95 petrol prices, a survey by the Federation of Malaysian Consumers’ Association (Fomca) showed.
For instance, the price of prepared wantan mee had gone up by 50 sen to 60 sen, said Fomca president Datuk Marimuthu Nadason.
He added, however, that the fuel price hike had not led to any increase in controlled-price items.
“Our initial findings showed the rise in food prices is hefty.
“The percentage of the increase in prepared food prices is more than the percentage of the increase in diesel and petrol,” he told reporters at the presentation of prizes of the 2013 Consumerism Contest in conjunction with the 2013 National Consumer Month yesterday.
Free Malaysia Today
‘It’s only 20 sen, lah’
Having depleted the nation’s coffers prior to May 5, 2013, the petrol price hike is a way for the government to take back what it freely doled out to the rakyat.
Since the hike on Tuesday, Sept 3, this columnist has interviewed 100 urban folk pertaining to the hike. Responses from the rakyat are summed up below:
1 BN supporters (six persons): “Only 20 sen, lah. What’s the fuss? Moreover it is good for the nation. Why grumble? Where is your patriotism?”
2 General public (not belonging to any political party, neutral, 77 persons): “Prices of foodstuffs and other consumer goods will go up fast not to mention public transport fares. Before the 13th general election, the PM said that he will consider the people’s well-being and perhaps that is the reason why it is a 20 sen, not 30 sen increase or more. What to do now? Just try to cope until the next general election, lah. We have got no choice but the government must also be thrifty to set a good example. They cannot expect us to be thrifty while they continue to be spendthrift.”
3 Pakatan Rakyat supporters (17 persons): We knew that this would happen and we already warned the rakyat about this during the GE13 campaign but we were accused of lying about BN in order to garner votes. Now die, lah. The worst is that we too have to suffer because of the minority’s stupidity. What a confounded situation. Damn!
Selena Tay is a DAP member and a FMT columnist.
To read the full article, click on ‘It’s only 20 sen, lah’
Lorrymen increase fees
Rise is reasonable and justified, says association
15% rise in transportation fees reasonable and justified, says association. PETALING JAYA: Lorry owners have hiked transportation fees by 15%, claiming it is “reasonable and justified”, in spite of the public outcry.
Pan Malaysian Lorry Owners Association’s (PMLOA) president Jong Foh Ji defended the rise and said they were forced to do so.
“We have been burdened with rising costs of spare parts, tyres, batteries, insurance premiums, and also minimum and worker’s wages over the years.
“The 15% rise is not solely based on the 11% rise in diesel cost but also all other factors,” he told The Star.
However, Facebook users were neither convinced nor amused by his argument.
Free Malaysia Today
‘It’s God’s will’: Umno ulama gets thrashed
Facebook users pour scorn on Fathul Bari Mat Jahaya for asking consumers to accept rising prices as God’s willl.
PETALING JAYA: Facebook users are throwing brickbats at an Umno-linked religious scholar who has urged consumers to accept the rising cost of living as a test from God.
So far, more than 100 Facebook users have posted mostly negative reactions to a Sinar Harian report quoting Fathul Bari Mat Jahaya as advising Muslims against blaming “traders, the government or voters” for rising prices.
He quoted from the Quran and Hadith to drive home his point that God is the ultimate provider of sustenance.
However, Facebook users were neither convinced nor amused by his argument.
“It is also God’s will that made [Fathul Bari] stupid and lack common sense when arguing his case,” said Mohd Azli Renzo.
Several used sarcasm to accuse him of sucking up to the government.
“I hope the government gives Fathul Bari the Tan Sri title for his latest fatwa,” said Lukman Ismail.
Ah Kaw Pun said: “When an apple polisher speaks… it means he is waiting for his Tan Sri title.”
Police detained four men for being involved in organising an illegal assembly near a supermarket at Kota Baharu, yesterday to protest the hike in petrol and diesel prices.
Kelantan Chief Police Officer Jalaluddin Abdul Rahman said the four men, aged between 22 and 36, were detained at the venue of the assembly at about 3.20pm.
“The case is being investigated under Section 9(5) of the Peaceful Assembly Act 2012. All the four detainees will be released on police bail after their statement have been recorded,” he said in a statement today.
Jalaluddin said police also seized pamphlets relating to the assembly.
He said there were about 20 people at the gathering at that time but the four refused to disperse and continued with the gathering before police detained them.
Businesses can easily absorb fuel price hike, says Mahathir
The recent hike in fuel prices should only result in a 5% increase in the prices of goods and services, said former Prime Minister Tun Dr Mahathir Mohamad.
“Fuel makes up only a small portion of costs for producers and businesses. Therefore, any fuel price hike can be absorbed by the businesses.
“There is no need for businesses to increase the price of their goods and services. Fuel only makes up 10% of input for products and services,” Dr Mahathir said in a blog posting today.
Free Malaysia Today
Taxi drivers say ‘nay’ to petrol price hike
Taxi drivers’ say petrol is preferred as engine of newer vehicle models running on NGV often encountered problems.
PETALING JAYA: Taxi drivers today protested against the recent petrol price hike, which they claimed would affect their income as it would drive up taxi maintenance cost and price of spare parts by 10 to 20 percent.
Besides calling on the government to reduce the RM64,000 price for Proton Exora modified for use as taxis, the group also urged the Prime Minister Najib Tun Razak to increase the subsidy for taxi drivers.
They also want the government to either abolish or reduce the sales tax for taxi introduced in Budget 2011. They hoped that the government would provide them with more assistance in the coming budget.
Rosmah Mansor is Najib’s spouse and had been often criticised for her alleged lavish spending and fondness for shopping sprees.
It was noisy along Jalan Sultan Azlan Shah in George Town today when passing vehicles honked away loudly in support of a protest against the recent hike in petrol prices by the federal government.
The 45-minute flash mob by several groups aligned to Pakatan Rakyat carried placards beneath the flyover leading to the Bayan Baru circle, condemning Prime Minister Najib Abdul Razak for what they describe as ‘Promises Unfulfilled’.
Posters being waved in the midst of a drizzle featured slogans like ‘Apa lagi Rosmah mahu? Tambang bas dah naik. Tarif elektrik dah naik. Tak cukup lagi ke duit nak shopping?’
(What else does Rosmah want? Bus fees have increased. Electricity tariff has increased. Still not enough money for shopping?)
FOOD PRICES HAVEN’T GONE UP YET. THEY WILL…
Speaking by telephone, Penang Vegetable Wholesalers Association president Ong Sam Poh told FMT his group would decide on new prices at the end of this month.
Chuah Seong Kee, who trades at night markets and heads the Puchong Hawkers and Small Traders Association, said his group had yet to decide to raise prices.
Free Malaysia Today
Food prices still the same
SERDANG: The recent hike in fuel prices has yet to affect food prices at the Selangor Wholesale Market.
Shop assistant Mohamed Sulaiman Abdullah told FMT today that vegetable prices had been fluctuating even before Monday’s announcement of a reduction in fuel subsidies, causing the retail prices of diesel and RON95 petrol and to go up by 20 sen a litre.
“The prices are determined by our suppliers,” Sulaiman said. “They have not raised the prices yet.
“The weather plays a role. If it rains, then supply will be short and we will be forced to increase the prices.
Meat prices remain the same..
Regular shoppers here said they had not seen any price hike resulting from the rise in fuel prices.
“There is not much difference in the prices,” said Jit Singh, 65, who goes to the market regularly.
Another shopper, Tahir Arbin, 64, said he expected prices to go up soon. “It is just a matter of time,” h
Wednesday September 4, 2013 MYT 9:15:54 PM
RON 97 petrol to cost 15 sen more per litre
PETALING JAYA: The price per litre of RON 97 petrol will be raised by RM0.15 starting midnight Wednesday, bringing its price to RM2.85, up from RM2.70 previously.
This was confirmed by the Petrol Dealers Association of Malaysia president Datuk Hashim Othman, who refused to comment further on the matter until an official announcement was made by the government.
From midnight tonight, the retail price of RON97 petrol nationwide will be hiked by 15 sen per litre from RM2.70 per litre to RM2.85 per litre.
The price hike was confirmed by Perak Petroleum Dealers Association president Lee Chee Seng and is smaller than the 20 sen hike previously announced for diesel and RON95.
The retail price of RON97 petrol is usually determined by a “managed float” in which the price will be changed according to market forces.
Unlike the 63 sen per litre government subsidy given for RON95 and 80 sen for diesel, retailers of RON97 petrol do not receive any government subsidy.
This is the first price hike for RON97 since March, when it was increased by 20 sen. In May, prices were however cut again by 20 sen after the 13th general election. Compared to a year ago, RON97 prices have been mostly lower as it peaked at RM3 a litre in September 2012.
Impact of fuel price hike on consumers will be widespread, warns Fomca
The Federation of Malaysian Consumers Associations (Fomca) has warned consumers to brace themselves as it expects the 20-sen increase to the price of RON95 petrol and diesel to have a domino effect on all sectors.
“There will be a negative impact on public transportation, the manufacturing sector, construction as well as the food industry.
Marimuthu noted that 90% of the public use RON95 which is heavily subsidised as opposed to RON97, which is based on the market price.
“The government is also planning to revise the electricity tariffs, which I think is going to happen soon,” he told The Malaysian Insider.
Woman undresses during flashmob! (Not part of the flash mob, no thank you!)
For about five minutes, a woman, believed to be suffering from mental illness, hogged the limelight near Dataran Merdeka where a group of protesters had gathered to denounce the hike in petrol and diesel prices.
The woman appeared at the scene around 5.50pm, stood in the middle of the street in the rain, and started to remove her clothes while shouting at passing motorists.
This prompted the shocked flashmob protesters to put aside their banners and placards in order not to antagonise the woman further.
After she left, the group from Geng Kotak, Solidariti Anak Muda Malaysia (SAMM) and Life for Democracy – resumed with their protest, urging passing motorists to honk in support.
Their protest drew an overwhelming response from the motorists.
Speaking to reporters later, Geng Kotak spokesperson Omar Mohamad said more protesters are expected to join the group by 9pm, after which, they would occupy Dataran Merdeka.
THE RIGHT CALL: PAY YOUR OWN BILLS, MINISTERS AND DEPUTY MINISTERS!
Ministers and deputy ministers have petrol allowances, paid by the government, while on official duty.
Foot your own fuel bill, PKR tells ministers, deputies
PKR wants ministers and their deputies to pay for their own petrol and show solidarity with the people.
The party’s strategic director, Rafizi Ramli (pic), said this would ensure that they “understand the suffering of the people”.
“If all of us have to shoulder the burden, this is the least they can do. They can do this immediately,” he said at a press conference at the PKR headquarters today.
Just after Domestic Trade, Cooperatives and Consumerism Minister Hasan Malek said that the impact of the rise of petrol and diesel will be barely felt, here is the first concrete sign that he is WRONG!
Why does he get it wrong?
Firstly, he thinks that production costs would not go up. He fails to take into consideration transport costs!
Secondly, he is a Minister, and his bills are all paid for. He would not feel the effects that we do, so his brain doesn’t have to work.
The increase in the price for RON95 petrol and diesel will see a hike in cargo fuel surcharge by one haulier, while the Pan Malaysian Bus Operators want fares to be adjusted.
Container haulier Taipanco Sdn Bhd said it will raise its cargo fuel surcharge from 16.19 percent of the tariff rates to 18.2 percent.
“Haulage rates differ depending on the area. But in general, if the rate is RM100, this means that our customers will have to pay an additional RM18.20 for the Fuel Adjustment Factor (FAF),” said Taipanco executive director Nazari Akhbar when contacted.
“When diesel pump prices were RM1.80 per litre, they would have paid RM16.19. We will inform our customers of the new FAF today,” he added.
He said the FAF schedule was set by the company during the Abdullah Ahmad Badawi administration, which brought about volatility in fuel prices because of subsidy reductions.
‘Raise bus fares of we’ll fold’
Pan Malaysian Bus Operators Association president Mohamad Ashfar Ali said bus fares will need to be adjusted as a result of the fuel price hike, or it will spell the end of the industry.
However, the operators will need government approval before it can raise fares.
“In Malaysia, bus fares are controlled by the government. We can’t simply increase bus fares….We applied for 30 percent rise in bus fares in May but the government has not approved it,” he said.
The government only approved a 10 percent surcharge for express buses over the Hari Raya period from July 8 to Sept 8.
The hike in fuel pump prices will only push food prices us by 0.1 percent, Domestic Trade, Cooperatives and Consumerism Minister Hasan Malek said.
According to the New Straits Times, this was showed in studies done by the ministry on its impact on food production.
“We have done our best to ensure that any move to reduce subsidies would not unfairly burden traders. As such, we see no reason for them to mark up food prices as a result of the rise in fuel costs,” he was quoted as saying.
EXPECT MORE BAD NEWS!
GST WILL BE COMING SOON. REVISION IN ELECTRICITY TARIFFS ALSO.
Whichever comes first doesn’t change the fact that the rakyat will pay more and more for the basic necessities of life!
No price cut when global oil prices slumped, so why increase now, PKR asks
With world oil prices on the downward trend since April 2011, PKR today slammed Putrajaya’s move to raise RON95 and diesel prices by 20 sen.
“Before this, Barisan Nasional kept giving the excuse that they have no choice but to increase petrol and diesel prices due to escalating world crude oil prices.
“But since April 2011, the world crude oil prices have been recording a decrease,” PKR strategic director Rafizi Ramli said at a press conference at the party’s headquarters in Petaling Jaya today.
After raising the price of RON95 and diesel, what’s next? Expect the introduction of the goods and services tax (GST), and reforms in the electricity tariffs.
It’s finally here, fuel price up tonight. New taxes next?
Datuk Seri Najib Razak broke through the psychological barrier of not slashing subsidies today when announcing a 20-sen increase for both RON95 petrol and diesel, setting the stage for new taxes and other price hikes.
The move also suggests Putrajaya has concerns over revenue and likelihood of the country being punished by ratings agencies and foreign investors if no attempt is made to tackle structural problems, such as the high rate of subsidies.
BAD NEWS: RON95 AND DIESEL PRICES UP!
But BRIM will go up. Good news only if you’re eligible…
Najib said the government would increase the Bantuan Rakyat 1Malaysia (BR1M) payments to help alleviate the rakyat’s burden. However, he declined to reveal how much the increased BR1M payments would be, saying he would announce it during the 2014 Budget.
UNBELIEVABLE! BUNG MOKHTAR SAYS THAT IT WON’T AFFECT THE POOR!
THIS RICH MAN DOESN’T KNOW HOW MUCH THE PETROL PRICE INCREASE WILL AFFECT THE POOR!Or does he mean that they walk or ride bicycles, that they don’t own motorbikes or cars, so they are not affected? When he tweets that kampong people don’t have cars, you wonder what he knows about them!
But the poor are affected! Prices will rise right across the board, starting with transport, and on and on, a ripple effect.
@Kheng_Seong And the goverment said: Rich people drives car, so they can afford the raising of the price of petrol. FUCK U NOOB
@abinesh Apparently they need to ‘fix the economy urgently’ they need more money it seems… Y to buy chromebooks for school kids via your kroni?
@klubbkiddkl You can save a billion from cutting wastage. Not taxing the Rakyat more. Petrol price increase will the increase of every single thing.
A hike in RON95 petrol and diesel prices by RM0.20 per litre by midnight tonight has prompted a wave of disappointment on Twitter, but one politician’s tweet seemed to add fuel to fire.
“Petrol prices have gone up, but it surely would not burden the rakyat as the only people with big cars are prominent figures who can afford it. Kampung people don’t have cars,” Kinabatangan MP Bung Mokhtar Radin tweeted.
Slammed within seconds, Bung has had to contend with a stream of annoyed Twitter users, including @ayeemin who scathingly said: “A car is not only for the rich. Today, it is a necessity. But having two wives is only for the rich.”
Bung courted controversy when he married actress Zizie Izette as his second wife in 2010.
NAJIB SAYS IT WON’T HURT THAT MUCH. NO, IT WON’T HURT HIM OR HIS WIFE AT ALL, OR ALL THOSE VVIPs and VIPs.
It hurts the rakyat a lot.
Prime Minister Najib Abdul Razak believed that the slashing petrol and diesel subsidies will not be detrimental to the public.
“Currently, inflation is still low. We expect that its effects will not be to the public’s detriment. Perhaps the rise (in inflation) will not be that high,” he said.
The increase in fuel prices was among the measures decided by the Fiscal Policy Committee (FPC), which met today. The meeting was chaired by Najib.
Najib said that the FPC’s assessment of the external environment was that it was increasingly challenging and it was vital to strengthen the country’s fiscal position to sustain economic resilience.
Slashing subsidies, said Najib, can help achieve this goal because the current subsidy system also benefits non-target groups such as the higher income group and foreigners.
Thus the reduction of subsidies for diesel and RON95 grade petrol was among the “first steps” which the FPC had decided on.
Without the 20 sen increase, Najib said that the government would subsidise 83 sen for each litre of RON95 grade petrol and RM1 for every litre of diesel, which would cost public coffers an estimated RM24.8 billion.
ARE YOU GOING TO JOIN THE MAD RUSH AT THE PETROL PUMPS? YOU’VE GOT TILL MIDNIGHT TO FILL UP YOUR TANK!
Yes, this guy is!
I filled up the tank of my two cars this morning. No, I did not anticipate the price rise. The tanks were almost empty, and that’s why I filled them up.
@malaysiakini QUICK FACT: Filling up a completely empty 40 litre tank of a Proton Saga SV will cost RM8 more tomorrow, compared to today’s prices.
The price per litre of RON95 grade petrol and diesel will increase by 20 sen from midnight tonight.
RON95 grade petrol will now cost RM2.10 per litre while diesel will cost RM2.00 per litre.
This is the first price increase for RON95 petrol and diesel since December 2010.
The move is aimed at reducing fiscal deficit and will save RM1.1bil per year for the Government, said Prime Minister Datuk Seri Najib Tun Razak.
Will our petrol still be the eighth cheapest in the world?
M’sian fuel price for motorists is eight lowest in the world
KUALA LUMPUR (July 17, 2013): Malaysia’s petrol and diesel price for its motorists is the eighth lowest in the world, said Deputy Finance Minister Datuk Ahmad Maslan.
He said the cheaper price was due to the significant subsidy given by the government for petrol and diesel besides cooking gas.
“Out of the 227 countries in the world, Malaysia’s petrol and diesel price to its motorists is the eighth lowest,” he said.
He disclosed this when winding up the debate on the Supplementary Supply Bill (2012) 2013.
Ahmad said the government had given a subsidy of 90.4 sen for each litre of diesel and 90 sen for each litre of RON95 petrol.
He said the people had only to pay RM1.80 for one litre of diesel instead of RM2.74 while for the RON95 petrol, they also had to pay only RM1.80 per litre.