Ok reduce again good but only 10sen after the reduction from RM2.70 to RM2.55 on August 23rd?? Is it enough? Of coz not enough, always ask for more. Hmm better than none! so now it’s RM2.45 per liter. How much can you save? haha properly few ringgit per pump only!
PUTRAJAYA: Prices of petrol and diesel are 10 sen cheaper from midnight Wednesday.
Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said the retail price of RON97 is reduced from RM2.55 per litre to RM2.45 per litre, the price of RON92 is lowered from RM2.40 to RM2.30, while diesel is reduced from RM2.50 to RM2.40 per litre.
In reading out a statement by Prime Minister Datuk Seri Abdullah Ahmad Badaw, Shahrir said the 10 sen reduction is the maximum value that the Government could reduce.
It is also the second adjustment made by the Government.
The first adjustment to reduce the fuel price was made on Aug 23.
Shahrir said the Cabinet, which met Wednesday for the last time this month, decided to reduce the fuel price since people would start their balik kampung exodus this weekend to celebrate Hari Raya.
“It is hoped that the price reduction will reduce the burden of the people this festive season,’’ he said.
Going by the trend, Shahrir said the Government would be paying slightly more for the fuel subsidy as the average crude oil price would be only be seven sen cheaper but the Government had decided to absorb the difference and lower it to 10 sen.
Asked whether the Government would implement a free float system for fuel prices, Shahrir said it was still too early to think of such a system at this moment although it was one of the items dicussed in Cabinet with no decision made yet.
Earlier, Shahrir also announced that the consumer price index (CPI) from January to August increased by 4.8 % to 110.4 compared with that of 105.3 in the same period last year.
Compared with that of the same month in 2007, the CPI for August registered an increase of 8.5 from 105.9 to 114.9.
The CPI for August increased by 0.2% when compared with July, he said.
Despite of fuel prices lowered on Aug 22, it was not reflected in the CPI in August.
Shahrir said the CPI in September may not be lower as well as the Government had allowed a 30% increase in surcharge for buses during the festive season.
Petrol prices cut by 10 sen
Sep 24, 08 2:08pm
The government has cut petrol and diesel prices by 10 sen to RM2.45 and RM2.40 per litre respectively effective tomorrow.
- Second cut in 2 months
- Festive cheer ahead of Raya
Subject: Petrol Price going down effective tmr 23 August 2008
Shahrir: fuel prices reduction not political gimmick
Domestic Trade and Consumer Affairs Minister, Datuk Shahrir Abdul Samad announced the Consumer Price Index for the January to July 2008 period on Friday and said the fuel prices drop is neither a political gimmick nor related to the Permatang Pauh by-election.
Harga petrol turun kepada RM2.55 seliter Aug 22, 08 5:27pm Kerajaan mengumumkan penurunan harga petrol sebanyak 15 sen kepada 2.55 sen selitar berkuatkuasa esok. Pada masa ini, harga minyak petrol adalah RM2.70 selitar. Manakala harga diesel pula diturunkan 8 sen, daripada RM2.58 kepada RM2.50 seliter. Penurunan harga bahan bakar itu berkuatkuasa mulai tengah malam ini. Pengumuman tersebut dibuat oleh Perdana Menteri, Datuk Seri Abdullah Ahmad Badawi dalam satu kenyataan hari ini.
Kerajaan mengumumkan penurunan harga runcit petrol RON97 sebanyak 15 sen kepada 2.55 sen seliter berkuatkuasa esok.
Pada masa ini, harga minyak petrol RON97 adalah RM2.70 seliter.
Manakala harga runcit petrol RON92 akan dikurangkan sebanyak 22 sen iaitu daripada RM2.62 seliter kepada RM2.40 seliter.
Harga diesel pula diturunkan 8 sen, daripada RM2.58 kepada RM2.50 seliter.
Penurunan harga bahan bakar itu berkuatkuasa mulai tengah malam ini.
Pengumuman tersebut dibuat oleh Perdana Menteri, Datuk Seri Abdullah Ahmad Badawi dalam satu kenyataan hari ini.
bm version fuel petrol diesel price hike reduction 220808
Berikut adalah kenyataan penuh
Jemaah Menteri hari ini telah mengambil keputusan untuk mempercepatkan tarikh penguatkuasaan pelarasan harga petrol baru. Keputusan ini diambil setelah mengambil kira penurunan harga minyak dunia sejak beberapa minggu kebelakangan ini serta peningkatan kadar inflasi ke tahap lebih tinggi pada bulan Julai 2008.
Sehubungan itu, Kerajaan ingin mengumumkan bahawa harga runcit petrol RON97 akan dikurangkan sebanyak 15 sen iaitu daripada RM2.70 seliter kepada RM2.55 seliter.
Pada masa yang sama, harga runcit petrol RON92 akan dikurangkan sebanyak 22 sen iaitu daripada RM2.62 seliter kepada RM2.40 seliter. Harga-harga berkenaan ditentukan dengan mengambil kira harga sebenar petrol daripada 1 Ogos 2008 hingga 21 Ogos 2008, serta penetapan subsidi 30 sen seliter, untuk kedua-dua RON97 dan RON92.
Di samping itu, Kabinet juga mengambil keputusan untuk mengurangkan harga runcit diesel sebanyak 8 sen seliter, iaitu daripada RM2.58 seliter kepada RM2.50 seliter.
Berdasarkan harga RM2.50 seliter ini, subsidi yang ditanggung oleh Kerajaan untuk diesel ialah sebanyak 50 sen setiap liter. Pelarasan harga runcit petrol dan diesel ini akan berkuatkuasa mulai esok, 23 Ogos 2008.
Sebagaimana yang diumumkan hari ini, Indeks Harga Pengguna (CPI) bagi bulan Julai 2008 berbanding Julai 2007 meningkat pada kadar 8.5 peratus.
Adalah menjadi harapan Kerajaan agar pengurangan harga petrol dan diesel ini akan dapat membantu meringankan beban pengguna serta mengurangkan tekanan inflasi, terutamanya kepada golongan berpendapatan rendah dan sederhana. Keputusan Kerajaan ini juga dibuat berdasarkan perkembangan ekonomi semasa.
Pada 1 Ogos 2008, Kerajaan telah mengumumkan bahawa harga runcit petrol sehingga akhir tahun ini akan diselaraskan pada 1 haribulan setiap bulan, dengan penetapan subsidi 30 sen seliter.
Namun, formula pelarasan harga pam ini hanya akan dilaksanakan sekiranya harga runcit bagi petrol kurang daripada RM2.70 seliter. Sekiranya harga pasaran bagi petrol melebihi RM2.70 seliter, maka harga akan tetap berada pada RM2.70 seliter.
PUTRAJAYA, Aug 22 (Bernama) — Retail petrol price of RON97 has been reduced by 15 sen to RM2.55 per litre while retail diesel price reduced by eight sen to RM2.50 per litre effective tomorrow, Prime Minister Datuk Seri Abdullah Ahmad Badawi announced here, Friday.
Aug 22, 08 5:34pm
The government today announces reduction of petrol prices with RON97 grade down by 15 sen from RM2.70 to RM2.55 per litre at the pumps beginning midnight.
- RON92 petrol down by 22 sen
- Diesel to be reduced 8 sen
Is it a good news to you? Because Merdeka then they reduce the price even it’s not September yet? Will our food price also reduce? Roti Canai… Teh Tarik… Rice…The answer is no. But when petrol increase they increase! Is this fair? Lol.
PUTRAJAYA: Malaysians may be paying less for fuel soon as the Cabinet is mulling over the possibility of lowering the present prices.
Several Cabinet Ministers said the matter was discussed during their weekly meeting Wednesday but declined to elaborate, saying that Prime Minister Datuk Seri Abdullah Ahmad Badawi was expected to make an announcement soon.
Higher Education Minister Datuk Seri Mohd Khaled Nordin said the possibility of consumers paying lesser for fuel was raised and that the mechanics were still being worked out.
Information Minister Datuk Shabery Cheek also admitted that the Cabinet was studying the matter.
“Let the Prime Minister make the announcement,” he said yesterday.
Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad , however, declined to comment on the subject, saying that it would be best to wait for the PM.
The government, had on June 4, raised the prices of petrol and diesel, on grounds that that it could no longer continue to subsidise fuel, but give a 30 sen per litre discount from market prices.
Currently, Malaysians are paying RM2.70 per litre at the pump while diesel is priced at RM2.58 per litre.
PUTRAJAYA: Malaysians may pay less for fuel soon, as the Cabinet is mulling over the possibility of lowering the pump prices.
Several Cabinet Ministers disclosed that the matter was studied during their weekly meeting yesterday but declined to elaborate, saying that Prime Minister Datuk Seri Abdullah Ahmad Badawi was expected to make an announcement soon.
Higher Education Minister Datuk Seri Mohd Khaled Nordin said the possibility of consumers paying less for fuel was discussed and that the mechanics were being worked out.
Information Minister Datuk Shabery Cheek said the matter was studied by the Cabinet, but declined to elaborate.
Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad, when contacted, declined comment, saying that it would be best to wait for Abdullah to make an announcement at an appropriate time.
On June 4, the Government raised petrol and diesel prices, stating that it could no longer continue to subsidise fuel prices at the then rate. However, it would continue to provide a 30 sen per litre discount on the market price.
Currently, motorists pay RM2.70 a litre for petrol and RM2.58 a litre for diesel at the pump.
Shahrir was quoted by Bloomberg.com on Tuesday as saying that the Government might reduce fuel prices if crude oil prices stay at US$125 (RM408) per barrel for at least three weeks.
Shahrir said that it that was the case then a reduction in prices could come within the year to enable the Government to keep its pledge of maintaining a 30 sen per litre subsidy.
“Why not, it would be good news, right?” he said during the interview.
There’s news to reduce fuel prices?! Remember last two week Pak Lah supposed to announce steps to ease fuel price rise burden? But after the news, there’s no one talking about it or no updates at all? What happened? I was waiting for the steps to ease fuel price but nothing happened. Now news review that fuel prices will be lower down? How much? How soon? Is it 100% real?
I will start dreaming from today on wards for lower fuel price and better economy =)
Wait for the announcement! Hopefully yes but what about those ppl that claim their fuel subsidy of RM625 from pos office? Too bad, my road tax due at March, so I still haven’t claim back my subsidy!
If it’s really true that our fuel price will be lower down, then will other goods, food, transport all reduce their price too? I don’t think so. Roti Canai, Bread, Rice, all increased. They will happily earn more!
Pak Lah to announce steps to ease fuel price rise burden
PUTRAJAYA: The Government will announce another measure on Friday to help lighten the people’s burden after the fuel price increase, Prime Minister Datuk Seri Abdullah Ahmad Badawi said.
“This Friday we are going to launch something to assist in reducing the consumption of petrol and help to reduce costs, and the burden of expenditure (and) taxi drivers,” he said, declining to reveal details.
Speaking in an interview with Bernama and RTM Radio at Sri Perdana yesterday, Abdullah said the Government was focused on steps to help reduce the people’s expenses, including through austerity measures.
On calls for the Prime Minister and Cabinet members to see for themselves the problems brought by the increase in the price of essentials, Abdullah said, “I’ll meet the people and explain to them, lest they listen to the Opposition.”
Abdullah also said the Opposition had done nothing to ease the people’s burden.
“They just talk. They talk even more than what they can promise,” he said in apparent reference to the promise made by Parti Keadilan Rakyat adviser Datuk Seri Anwar Ibrahim that Opposition parties would reduce fuel prices immediately if they were to form the government.
On the debate between Information Minister Datuk Ahmad Shabery Cheek and Anwar tomorrow, Abdullah said, “I think Ahmad Shabery is very keen to debate. He can do it; he is a good orator.”
“He has said that if he fails, he will ask Pak Lah to ‘please get somebody else to look after Angkasapuri’. But he is good, he attended almost all the weekly programmes organised by the ministry,” he said.
On politicians bent on using racial issues, Abdullah said they had better not resort to such tactics.
“That is bad, we must have restraint. Don’t. That is like playing with fire. You had better not play with fire on sensitive issues,” he said, describing such action as a short cut to popularity, albeit an irresponsible one.
Abdullah, who is Barisan Nasional chairman, also wanted the coalition to remain strong.
“I know the election result is bad but it is still a mandate from the people. We have to do more, we have to work hard. We have no other choice.
“Listen to the people. God willing, we will be all right,” he said.
What are the things and steps that our PM, Pak Lah gonna announced on Friday? How can it ease the price increase burden of all the citizen?
I would really want to know how and what our PM gonna announce. No more toll? No more tax? No more … ? or change your lifestyle and save (jimat)?
Hope this promise to announce steps to ease fuel price rise burden will not be a joke after all or it’s just another empty promise. If not I really no $ to pump petrol liao lo… damn poor.
vox populi big thumbnail‘It will put both businessmen and politicians in their place. For too long, both of them have been shortchanging the Malaysian public.’
Joe Fernandez: All this is a blessing in disguise. Look for the silver lining in the cloud and count your blessings. Be thankful and grateful and you will have even more reasons to be thankful and grateful for.
I am glad the runaway fuel prices will put Malaysian businessmen, noted crooks and criminals, in their place. Traditionally, they shortchange their workers, the consumers, the government and investors. Now, they are forced to absorb the rising fuel prices and make do with smaller profit margins. If they increase prices for their goods and services, the market will eliminate them.
The runaway fuel prices will also put the politicians in their place. In the past, they were in cahoots with their businessmen friends to create unnecessary government projects to steal indirectly from the treasury.
Dr S Vijayaratnam: In view of the increased cost of fuel, particularly diesel, the government is urged to give priority to the commercial transport sector. The uninterrupted operation of haulage of goods, especially food items, is essential to the well-being of the general public.
We don’t want to see a situation where, due to a slow-down or cessation of this lifeline, wet markets, supermarkets and hypermarkets are devoid of meat, vegetables and grain on their shelves. Such a scenario is frightening, and can lead to social problems and unrest. We can see it building up in Spain and Thailand right now.
It was pointed out in a recent newspaper article that if the food supply chain is hampered for just three or four days, and retail outlets are empty, there is the danger of people becoming desperate, and no telling what they could resort to.
We appreciate that lorry transporters recognise their national responsibility, and are continuing with their operations. However, it is vital that compensation or incentives in some form is given to them, so that daily groceries and edibles from farms, abattoirs, ports and warehouses, most of which are perishable, continue to be delivered.
Among other measures, road tax reduction, exemption of import duties on spare parts and tyres and raising the fleet-card quota for subsidised diesel could be considered.
If we are talking about food security, transportation an essential component. The process cannot be compromised due to high fuel costs. (the writer is vice-president, Gerakan).
JD Lovrenciear: In the wake of the pandemonium resulting from the horrendous fuel price hike, the government recently announced several cost cutting options involving ministers.
Unfortunately the government’s seemingly good intentions has only drawn much flak from the public. Perhaps the government should consider some common sense back-to-basics strategies to gain brownie points and also to address the fuel-price threats effectively.
As any crisis also offers opportunities, the government should think outside the box and table more pragmatic solutions. One such creative solution would be bringing back the humble trishaw to our streets.
Numerous streets in the towns and cities could be turned into trishaw-thoroughfares without much complication.
Bringing the trishaws back also serves as a double bonus. Not only will the demand for fuel be reduced and the street air made more breathable, it also offers many Malaysians an opportunity to earn or save that extra ringgit to help combat the financial squeeze.
Further, if properly nurtured – minus the greedy grabbing hands of politician-businessmen, many of our young and enterprising youths could be well on their way to earning a decent income let alone being more productive.
Surely the rakyat will find the trishaw rides convenient, cost-effective and above all, save the nation’s fuel burning arising from unending traffic jams in main cities and towns.
Hopefully if the government does not take this idea through, the opposition government in the several states could take up the suggestion and show our ruling government the ‘way forward’.
Albert Heng: I don’t believe that ministers ever pay for any entertainment so why should they get an allowance for it at all? In all cases, I believe certain people would rush to pay for any entertainment for a minister, or perhaps be cowed into paying!
Mooshie Mooshie: Will Petronas show us its accounts? No way, not in a million years. It is also known as the ATM (automated teller machine) of the Malaysian government namely Umno’s giant cash kitty.
It will get a lot of people in trouble if Petronas has to show its accounts to the public or parliament. Maybe when the Pakatan government comes to power, then it can be done.
So fellow Malaysians you know what to do lah. And to Pakatan you also keep your promise ya?
Joe: The foreigners are merrily chirping away again, ‘Cheep! Cheep!’ And why not? At RM 2.70, they’re paying about half of what they pay at home!
Why raise the petrol price for locals so heftily and allow the foreigners to enjoy the same ‘cheep’ price? Simple arithmetic will tell you to raise the price for foreigners to a level high enough to offset whatever claimed losses Petronas is suffering but still lower than foreign prices – RM4.50 for example. They will still pay as they still save.
Arthur Chan: Many Malaysians are not aware that the state of Kelantan has not been explored for oil and gas. The BN government didn’t spend any money on this state because it is under PAS rule. The sea area off Kelantan state is just as large as Terenggnau’s.
John Johnson: I am a bit surprised that the royalty are keeping mum over the dissatisfaction of the majority of the rakyat. There are important issues that are causing pain and suffering to the rakyat but not one of them has come out openly to say something to let the people know that they are supportive of the rakyat.
Richard Kamalanathan: The oil price has been rising remarkably in the last six months beyond our meagre expectations and it is not going to recede as much as we would wish it to be. It is has increased our burden of movement via private and public transportation;
The government may not be able to interfere as much as it would wish to. The international and global economy has to confront these rises and adapt its future course in accordance with numerous rises in other sources of energy especially electricity.
The price of steam coal has risen by leaps and bounds now too. The cost of electricity has yet to rise. I do not wish to appear fair to the government but I only wish that most of us would approach our own political parties to which we belong to come out with a clear policy as to how we can overcome the oil prices and help the people who are in dire need of survival.
The survival syndrome in Malaysia is already around the corner and political parties like the DAP, PKR and PAS must explain how they will overcome these increases and promise the people who have elected them a better alternative.
Ikunosan: The government should retract all APs issued, and instead sell the APs to anyone that wants to import a vehicle. This way, the estimated 7000 – 10,000 APs issued a year can generate, at RM40K average price of an AP, an estimated: RM 40,000 x 10,000 AP = RM400,000,000!
This is all about BN mis-management, they giving out APs to help only the few.
Hafiz: Personally, I have no qualms on the right of the people to voice their dissatisfaction on the increase in fuel prices. My view is that such protests should be channeled through proper means.
I personally feel that the organisers should think twice about organising another ‘mega’ protest because it can lead to a waste of resources especially if such an action is planned to be repeated.
Protests on the street can lead to road closures, traffic congestion and a sudden influx of people coming into the city – aren’t these leading to a waste in fuel for the ordinary Joe who is stuck in his car trying to get home but ‘forced’ to join in the rally of people?
Can we think of other means of protests instead of street rallies, please?
Maniam Sankar: Okay, so improvements to public transport will only feature in Budget 2009 says the finance minister. When the last price increase for petrol was announced , there was a promise to improve public transport including adding more coaches to train.
Even a date, October 2008, was mentioned for the additional coaches. And now the minister only wants to include it in the 2009 budget which means we’ll be lucky to see the expansion in early 2009, if at all. In the meantime, dear Malaysians, do be resigned to the ‘sardine tin’ rides
Allow me to suggest immediate improvements to the bus service so that they follow the example of buses in Singapore and most Australian cities. During peak hours (6.30aam to 9am and 4.30pm to 7pm say ) send express buses direct to the residential areas.
Do not let them go from one taman to the next before going to the city or vice versa as that lengthens the commute time. For example, instead of sending buses at 10 minute intervals and going through two or three taman, send one direct bus every 20 minutes from each taman.
After peak hours, stop buses, except those from neighbouring suburbs from coming into the city but use them to ferry commuters to the nearest train station and shopping areas. By this time, the crowd will be latecomers and moms will be doing shopping so this will fill up trains and buses which will be running empty by now.
This system works in the cities aforementioned. Right now, not many bus routes pass the nearest shopping centres or train stations as they are all headed to KL only. There is hardly any intra- taman or neighbourhood bus services.
It is presently easier to get from any suburb to KL than from, say , PJ to PJ or Subang to Suban. Please do the easy fixes first. The grand solution can come later.
John Lee: I think Dr Dzulkefly has made a mistake in his economic analysis of subsidies. As a general rule, subsidies and indirect taxes are part of the field of micro-economics. A simple microeconomic analysis would actually suggest that subsidies are harmful because they isolate people from the costs of their actions – there is a ‘deadweight loss’, to use some economics jargon.
Of course, the situation is more complicated than that, but ultimately I don’t think subsidies are the best way to aid the poor.
A proper macroeconomic analysis of the situation would treat the subsidies as government spending. As a rule, government spending does boost the economy. Dzulkefly is correct to say that this is ‘beneficial for the rakyat.
However, not all spending is alike. A subsidy primarily benefits people who buy a lot of petrol. Those who buy gas guzzlers and drive over the speed limit benefit more from the subsidies than those who take public transport or drive compact cars. This government injection of money into the economy primarily benefits the rich.
A more appropriate form of spending would be to give people the money directly, perhaps in accordance with their income (so a middle-class family gets a smaller or even no rebate, while the hardcore poor get substantially more).
This would be more efficient than an un-targeted subsidy, and would act as a subsidy for whatever the families decide to spend their money on, rather than just a subsidy for petrol. If I decide I would rather buy a book than fill up my tank, I still benefit.
Unfortunately, the government persists in ill-advised fiscal policies. Petronas’ profits should not be going to prop up foundering cronies’ enterprises or subsidising ministers’ vacations. They should be rebated directly to the Malaysian people, or invested for long-term benefit of the country.
The government’s reduction of the fuel subsidies is a good start, but as long as they spend the new revenues imprudently, our frustration at the government will continue to be justified.
Stephen Chew: In the article, the writer touts the ability of net oil-exporting countries like Venezuela and Iran, to provide highly subsidised fuel for their citizens, implying that surely Malaysia can and should do the same.
Beware the paradise of cheap petrol, as the real picture is not as rosy as depicted. The truth is that the governments of Venezuela and Iran have been trying for years to remove these economically distorting subsidies, but are cowed by vociferous citizens who treat cheap oil as a birthright.
Ever since 1989, when thousands of Venezuelans died in fuel hike protests, reducing fuel subsidies have become politically impossible even for the popular President Chavez (he calls the subsidy ‘disgusting’).
Despite ever rising oil prices, the Venezuelan economy does not benefit as huge amounts of money are drained from the national oil company to pay for subsidies – money that could instead be used for social welfare and development programs. Sounds familiar?
You might think it would be easy to fill up your petrol tank in a country that exports more oil than almost any other country in the world. But as of May 21, 2007, Iranians are no longer free to buy as much subsidised petrol as they want due to a rationing system introduced by the government in Tehran – resulting in riots which destroyed many petrol stations.
Until then, the government of Iran had subsidised gasoline to keep prices down, but the programme has proven exorbitantly expensive in a period when the Iranian economy is struggling.
Can the Iranians really afford to provide cheap petrol for its citizens as the writer asserts?
What is clear is that oil prices in Venezuela and Iran have been kept low despite its devastating economic consequences! Do we really want Malaysia to follow in their footsteps?
Soo Ching Pin: Concerned Netizen mentioned that an air-conditioner is in use in the house he/she was talking about. I think that is the culprit for power consumption. My younger brothers have installed air-conditioning in the house that they share with my mother.
Since they did that, their monthly electricity consumption has gone over 200 kW, just as in Concerned Netizen’s house.
On the other hand, I do not have air-conditioning in the rented house where I live. I live alone and my monthly electricity consumption has averaged less than 100 kW so far. Granted, I am not at home at least 10 hours a day as I work outside the home, except for my off days.
But when I am at home, I will usually have at least one light on. I also have the standard household appliances like a refrigerator, TV set, DVD player, a rice cooker, a kettle, etc. Of course, the refrigerator is always on unless I shut it down for defrosting but that will only take an hour or so every two weeks or more.
So I conclude that when the government says that more than half the households in Malaysia use less than 200 kW per month, those are the households that do not have air-conditioning. Can we have some statistics from air-conditioning suppliers as to what percentage of Malaysian households have installed air-conditioning?
Then we can see whether their figures are consistent with what we would expect in view of the government’s figures on the proportion of Malaysian households using less than 200 kW per month.
Did you receive chain email letter asking you to boycott Petronas so that they will reduce the fule/petrol price? I myself receive a lot in my different-different mail box but I do not forward it and don’t think it will work and it will only affect the economy? The email title “Let’s get those fuel prices down”… If you receive it do not forward!
here’s the content of the email:
* Not too sure if this logic really can work or not *
It’s different and successful approach….” Don’t’ buy PETRONAS”
Just DO it!!!!
LET’S JUST DO IT ! ! !
THIS IS NOT THE ‘DON’T BUY’ PETROL FOR ONE DAY, BUT IT WILL SHOW YOU HOW WE CAN GET PETROL BACK DOWN TO RM1.92 PER Litre….
This was originally sent by Phillip Hollsworth, a retired Coca Cola executive.
If you are tired of the gas prices going up AND they will continue to rise this winter, take time to read this, PLEASE.
Phillip offered this good idea.
This makes MUCH MORE SENSE than the ‘don’t buy petrol on a certain day’ campaign that was going around last April or May!
It is worth your consideration. Join the resistance!!!!
We are going to hit RM 2.70 a litre and it might go higher!! Want petrol prices to come down?
We need to take some intelligent, united action. The oil companies just laughed at last year’s action because they knew we would not continue to ‘hurt’ ourselves by refusing to buy petrol. It was more of an inconvenience to us than it was a problem for them. BUT whoever thought of this idea, has come up with a plan that can really work.
Please read on and join with us!
By now, you’re probably thinking petrol priced at about $1.50 is cheap.
It is currently RM2.70 for regular unleaded.
Now that the oil companies and the OPEC nations have conditioned us to think that the cost of a liter of gas is CHEAP at $1.50, we need to take aggressive action to teach them that BUYERS control the marketplace…not sellers.
With the price of gasoline going up more each day, we consumers need to take action.
The only way we are going to see the price of petrol come down is if we hit someone in the pocketbook by not purchasing their petrol! And, we can do that WITHOUT hurting ourselves.
How? Since we all rely on our cars, we can’t just stop buying petrol.
But we CAN have an impact on petrol prices if we all act together to force a price war.
Here’s the idea: For the rest of this year, DON’T purchase ANY petrol from Petronas
the biggest price-up driver company.
If they are not selling any petrol, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit.
But to have an impact, we need to reach literally millions of Petronas petrol buyers. It’s SO simple!
Now, don’t wimp out on me at this point…keep reading and I’ll explain how simple it is to reach millions and even BILLIONS of people!!
I am sending this note to 20 people.
If each of you sends it on to at least twenty more that’s (20 x 20 = 400) ..
And those 400 send it to at least twenty more (400 x 20 = 8000 … and so on,
by the time the message reaches the fifth group of people, we will have reached over SIXTY FOUR MILLION consumers!!!!!
20×20 = 400
400×20 = 8,000
8,000×20 = 160,000
160,000×20 = 3,200,000
3,200,000×20 = 64,000,000
64,000,000×20 = 12,800,000,000
That’s 12.80 Billion people folks, who will have been contacted!!!!!
Unbelievable?? Do the math and see for yourself!
Again, all you have to do is send this to 20 people. That’s all!
I’ll bet you didn’t think we had that much potential, did you!
Acting together we can make a difference..
If this message makes sense to you, then please pass it on.
THEY will LOWER THEIR PRICES TO BELOW THE RM1.92 RANGE AND KEEP THEM DOWN.
THIS CAN REALLY WORK.
It’s simple – send the message along to others and choose to not buy petrol from Petronas.
TWENTY FIVE POINT SIX BILLION people:
Now THAT’s people power.
LET’S
JUST DO IT ! ! !
More power to you friend.
” LIFE – DREAMS = JOBS ”
Today it’s in newspaper asking we do not forward the email… So I urge you, do not forward the email too! If someone send you the email just ignore it. Then it will stop circulating. Thank you.
Petronas urges public not to join e-mail campaign? Say no to Petronas?
KUALA LUMPUR: Petronas has urged the public not to join an e-mail campaign to boycott its products because it will not affect fuel prices.
Its president and chief executive officer Tan Sri Mohd Hassan Marican said Petronas was not the largest retailer of fuel in the country as it only has about 800 stations nationwide.
“Any form of boycott will only hurt the station owners, the small and medium-seized enterprises that supply the stations with their products and the shareholders of Petronas Dagangan – many of whom are pensioners,” he said in an interview.
Petronas stations account for about 30% of fuel sold in the country. The largest retail station owner is Shell with over 1,200 stations.
An e-mail has been circulating calling on the public to boycott Petronas stations and its products. The e-mail claimed that a similar boycott was carried out in the United States against another petroleum company and it succeeded in forcing the company to reduce its prices.
Hassan said that Petronas had no say over fuel prices as they were determined by the Government.
He said Petronas as a corporation would not be unduly affected by such a boycott as Petronas Dagangan accounted for less than 5% of its revenue.
Hassan also said the country had to import 80,000 barrels of petrol every day because the refineries in the country did not produce enough.
“We are an exporter of diesel and jet fuel because of the composition of the Tapis sweet light crude that we produce. Any boycott will only benefit the foreign oil companies who operate here.”
It is learnt that some foreign oil companies own the stations directly from overseas even though they have local units here.
Asked why Petronas was not making more money now that the Government had increased the pump prices, Hassan said oil companies always sells fuel at market rate and it was the Government that paid the subsidies to these firms.
“Our profits remain the same and we do not benefit from any increase or reduction of fuel prices.”
Today Petronas also say their secret account is all public and will reveal all their earning and publish in their annual report. So there’s no more secret. But in Malaysiakini, Petronas was instructed to reveal all the accounts to the public.
Petronas ‘must bare all’
Rahmah Ghazali | Jun 16, 08 8:12pm
A civil society group today described the government’s decision to reveal the accounts of national oil company Petronas – which has been a well-kept secret for over three decades – as “strange”.
- Reveal all, from 1974 till today
- Khairy takes ‘opportunistic’ stand
KUALA LUMPUR: Petronas has been publishing its annual report for the past 18 years and it is easily available, including on its website, said its president and chief executive officer Tan Sri Mohd Hassan Marican.
“We print 5,000 copies of the report every year even though we are legally required to publish only two. We distribute the report to the Parliament library, ministries and even the media,” he said in an interview.
Replying to queries by various quarters that the national petroleum corporation’s accounts were not made public, Hassan said yesterday that this was not true and it was just that certain people “refused to look for iteven though it is easily available.”
”If they cannot find one of the 5,000 copies we’ve printed, then they should have searched our website under the heading ‘Investors Relations’ in the Corporate webpage.
“The accounts from 2002 to last year are listed there.
“We have got nothing to hide. When I joined the corporation in 1990, I told my then boss the late Tan Sri Azizan (Zainul Abidin) that we have to publish an annual report if we are to be a global petroleum player,” he added.
A copy of the 2007 annual report was made available to The Star last April. The 165-page report has 84 pages dedicated to Petronas’ financial statements.
The report not only states the accounts but also gives five-year financial highlights, review of its business and even its corporate sustainability targets, including its role in protecting the environment.
Hassan said the standard of the report surpassed the requirements of the Companies Commission of Malaysia.
“We behave like a public-listed company in publishing our report. I do not understand why people say that our report is not made public.
“By law all companies are required to submit their accounts to the commission and if they cannot get a copy of our report then they should have extracted a copy from the commission,” he added.
Opposition leaders and several Barisan Nasional backbenchers had called for Petronas’ accounts to be made public.
Some, including Parti Keadilan Rakyat de facto leader Datuk Seri Anwar Ibrahim, had claimed that Petronas’ accounts were secret.
The calls were made following the government’s decision to raise the price of petrol by 78 sen to RM2.70 per litre and diesel by RM1 to RM2.58 per litre.
NEW YORK (CNNMoney.com) — With all the worry over fuel prices, you’d think drivers would do whatever they can not to waste gas. But look around and you’ll see lots of them tooling around as if they owned their own tanker fleet. One of them might be you.
Here are six ways drivers typically waste gas on every
1. Racing away from green lights
When the light turns green, you don’t have to take off as quickly as possible. That pedal under your right foot is called the “gas pedal” for a good reason. The more you press down on it, the more gas you’re pumping into the engine.
Press lightly on the gas pedal, and you’ll still accelerate, and you’ll still get where you’re going. You might be surprised at how little pressure it takes to get your car up to speed in a reasonable time.
2. Racing up to red lights
When you’re driving down the street, and you see a light red light or stop sign up ahead, you should lay off the gas sooner rather than later.
There’s no point in keeping your foot on the gas until just before you reach the intersection. Let off the pedal sooner and give your engine a rest as you coast to the stop while braking gently. As an added benefit, your brake pads will last longer, too.
By themselves, these first two tips can improve your fuel economy around town by as much as 35 percent, according to tests conducted by automotive information Web site Edmunds.com.
3. Confusing the highway with a speedway
Even if it doesn’t involve hard acceleration, speeding wastes gas. The faster you go, the more air your vehicle has to push out of the way. It’s like moving your hand through water. The faster you try to move your hand, the harder the water pushes back.
In tests by Consumer Reports, driving at 75 miles per hour instead of 65 miles per hour reduced fuel economy by between 3 and 5 miles per gallon, depending on the vehicle.
4. Bumper-buzzing
Tailgating is a bad move for many reasons. First of all, it’s unsafe. You reduce your ability to react if the car in front of you slows or stops. It also means you have to pay ultra-close attention to that car which reduces your ability to scan for other hazards ahead of you and to the sides.
And tailgating wastes gas. Every time the driver ahead taps his brakes, you have to slow down even more than he did. (That’s because you can’t react immediately so you have to slow even more because you’re slowing down later.) Then you accelerate again to get back up to speed and resume your bumper-buzzing routine.
Hang back and you’ll be safer – plus you’ll be able to drive more smoothly and use less fuel. A good rule of thumb is to allow two seconds of space between your car and the one ahead. You can figure that out by counting off two seconds after the car in front of you passes an obvious landmark like an overpass.
5. Driving standing still
You’ve probably heard that it takes more gas to restart a car than to let it run. Maybe that used to be true, but it isn’t anymore. With modern fuel-injection engines, it takes very little extra gas to restart a car once it’s warmed up.
Idling, meanwhile, burns about a half-mile worth of gas every minute, according to the California Energy Commission. That’s why hybrid cars shut down their gasoline engines whenever they stop, even for a moment.
Now you don’t want to shut your engine down for every little stop in your regular, non-hybrid car – it’s not designed for that – but if you’re waiting for someone to run in and out of a convenience store, turn off the engine.
And don’t go through the drive-through at fast food restaurants. You’re already paying enough for the oil in those chicken nuggets.
Bonus tip: Don’t idle your engine to let it warm up before driving. It does your engine no good and it wastes gas. Instead, start driving right away, but drive gently until the engine is warm.
6. Short hops
For really short trips, take advantage of the opportunity to get some exercise. Try walking to the store instead of driving. You can save gas and burn a few calories instead.
If you can’t hoof it, save up your errands. A lot of short hops that let the engine cool down at home between trips can use twice as much gas as starting the car once and making a big sweep to all your stops, according to the U.S. Department of Energy.
Go to your farthest destination first so your engine has a chance to reach its optimal operating temperature. Then make your other stops on the way back. With the engine warmed up, the car will restart easily and run efficiently all the way home.
The best way to save your petrol fuel is do not use car, use trolley. Found this picture in TheStar Thumbnail. Haha, quite interesting way of transport.
No more petrol price increase in this year? I heard in August they will increase to RM4?? Is this for sure not increasing? or a lie?
Just like they say will not increase but after one day, announce totally different thing? Will you believe or can u believe no more petrol price increase?? Personally I don’t. Just prepared yourself for the increase I would say. Or maybe they keep their word and it will increase on the 1st day of 2009.
Who can garuntee this would not ever happen again?
PM: No more petrol price increases this year
BY MAZWIN NIK ANIS & SIM LEOI LEOI
PUTRAJAYA: There will be no further increase to the price of fuel in the country this year despite the possibility of the global price of oil reaching US$200 (RM660) per barrel, the Prime Minister said.
This latest decision by the Cabinet came on top of various measures announced on Monday to help the Government cut costs and channel more subsidies to low income earners.
Datuk Seri Abdullah Ahmad Badawi said to stem any more increase, the Government would have to think of alternative ways to finance its spending.
“If that is the decision of the Cabinet, this will remain so despite further jumps to the global price of oil.
“Since the Government announced the new price last week, fuel prices have gone up to US$139 (RM459) per barrel and is still hovering at US$130 (RM429).
“In fact, the price of oil is expected to remain at high levels in the months to come. The high price of oil means that the market price of petrol at the pumps have now reached RM3.45 per litre,” he said, adding that the price should be reviewed to RM3.15 per litre instead of RM2.70 beginning next month.
“However, the Government realises that the rakyat (citizens) are still trying to adapt themselves to higher petrol prices. The Cabinet has thus decided there will be no more increase this year,” he told reporters at his office here on Wednesday.
If the global price of petrol should ever drop, Abdullah said the Government would make the necessary adjustments with the 30 sen discount still being given.
In the June 4 announcement of the new petrol price, Abdullah had said that prices at the petrol pump would be adjusted monthly to reflect global market price.
The Premier also said that in the National Inflation Council meeting on Monday, it had been decided that the over one million civil servants would now be paid their monthly salaries in two instalments, staring in August.
“The first instalment will be paid in the middle of the month while the second will be at the end of the month.
“Any income tax, Employees’ Provident Fund or others will be deducted from the second instalment,” he said.
PUTRAJAYA: Against a backdrop of anger and frustration as the people come to grips with the new high prices for fuel, the cabinet yesterday decided that there will no further price hikes this year to allow the people time to adjust to to the situation.
Prime Minister Datuk Seri Abdullah Ahmad Badawi said the government is aware of the consequences should the price rocket upwards in the world market, but it will maintain its decision and find other means to bear the additional expenses.
On June 4, the government had decided that subsidy for petrol be fixed at 30 sen per litre, and that there would be a monthly review based on world prices.
Because of this formula, petrol price went up 78 sen to RM2.70 per litre, while diesel went up by RM1 to RM2.58.
“However, the price on the world market increased drastically to more than USD130 per barrel on June 8 and is expected to be higher in the coming months,” Abdullah said.
“This resulted in petrol price in the local market increasing to RM3.45 per litre. If the government were to implement the 30 sen subsidy, the price of petrol would have to be raised from RM2.70 to RM3.15 per litre next month.”
Although the 30-sen buffer will not be used for the rest of the year should crude prices rise further, he said it will be used if world prices drop. This would cause the present pump prices to drop.
Abdullah assured that the government is “thinking of all kinds of additional measures because we know the price increase is high and everyone, including the government, is facing difficulties, not only the people”.
Asked whether the government’s revenue will be affected by the decision, he said: “Since the price of petrol has increased, we could hope to get additional revenue from Petronas.”
At the press conference, Abdullah also announced another move to help civil servants better manage their household expenses and cash flow — their salary will be paid in two instalments effective August.
“The first half will be paid in the middle of the month and the rest at the end of the month. Deductions such as for income tax, Employees Provident Fund and others will be done at the end of the month,” he said.
Asked whether he would recommend the private sector do the same, he said: “I see this as a good move to help our workers manage their household cash flow better.”
The fuel price will see an increase of 78 sen by August – a massive jump from RM1.92 per litre currently to RM2.70, Prime Minister Abdullah Ahmad Badawi is expected to announce today.
this is crazy… why? tell me why? just cut on the Singaporean and Thai subsidy will be good enough but not cut on our Malaysian subsidy!
I even got sms from my friend tell me that the price is gonna effective today midnight 5th June? Can you believe that? Past few days some ppl also sms and spread the rumor that petrol price will be increased effective on 1st of June but it’s all rumor and who’s benefiting from it? I would say is the Petrol Station and Telco. Think about it and do not forward until it’s confirmed.
—————————-
Updates! IT’S CONFIRM THAT PETROL PRICE WILL INCREASE TO RM2.70 EFFECTIVE 5/6/2008 5TH JUNE!
It’s confirm and do inform your friends, relatives, family, enemies…
It’s freaking 40% increased this time. How many percent is your last increment? It’s crazy…
What’s our government doing? Aren’t they said August? Suddenly now become tomorrow? Liar? We pay tax and all… now they treat us in this way? What’s happening man? I think I will not go pump petrol instead go get myself a bike and cycle to work and anywhere without worrying of when the government decide to increase the petrol price again!
Everybody, let’s cycle.
——–
Live update from Petrol Station.
It’s jam packed. If you want to go to pump petrol now, make sure you bring along cash$$ do not depend on your credit card. I guess it’s line down for Visa or Master. I was lucky that I have Amex and I can still use my Credit Card if not I do not have enough cash for me to go full tank! Take note, bring enough cash. The credit line will be jam and line down…
Updates again Tactic to pump petrol in last 4 hours from 8.00pm
1) Find a place where there’s few petrol station in the area to avoid jam pack and reduce waiting time.
2) Bring enough cash$$, do not depend on Credit Card as the line is jam and I heard I was down for Visa and Master Card but luckily I have Amex Card.
3) After pump petrol, go back using those road without petrol station.
Fuel hike: 78 sen more to RM2.70 per litre
Jun 4, 08 4:55pm
The government has just announced that petrol price to go up by 78 sen at midnight – a 40.6 percent jump from RM1.92 per litre to RM2.70.
- Effective midnight
- RM625 rebate for vehicles
Harga petrol naik sebanyak 78 sen – satu pertambahan besar dari RM1.92 sekarang kepada RM2.70.
Manakala harga minyak diesel pula naik kepada RM2.50 – naik 92 sen berbanding harga sekarang sebanyak RM1.58 seliter.
Kenaikan sebanyak 41 peratus bagi petrol dan 58.2 peratus bagi diesel akan berkuatkuasa mulai tengah malam ini.
Kenaikan harga itu adalah sebahagian daripada langkah kerajaan untuk mengawal subsidi bagi menampung kenaikan petrol, diesel dan gas, yang dijangka berjumlah RM56 bilion tahun ini.
Kerajaan juga mengumumkan pemberian rebet kepada pengguna kenderaan.
Mengikut skim tersebut tersebut, kenderaan di bawah 2000cc akan menerima RM625 setahun – rebat bagi 800 liter di bawah harga baru.
Pemilik motosikal pula akan diberi rebet RM120. Bayaran akan dibuat melalui wang pos.
Difahamkan rebet teresbut akan dibayar apabila pemilik kenderaan memperbaharui cukai jalan kenderaan mereka.
Kerajaan dijangka menjimatkan RM4 bilion di bawah penstrukturan semula skim subsidi tersebut.
Jika harga petrol dijual mengikut harga penuh pasaran, ia boleh mencecah setinggi hampir RM4 seliter – naik 100 peratus.
Bagaimanapun, kerajaan dijangka menuju ke arah memansuhkan terus pemberian subsidi pada masa depan.
BREAKING NEWS: Petrol will be RM2.70 a litre at midnight tonight
By : Newsdesk
PUTRAJAYA, Wed:
The new price of petrol is RM2.70 per litre beginning midnight tonight, it was announced a moment ago by Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad. Diesel will go up by RM1 per litre while the price for ULG 92 per litre went up by 74 sen. The 78 sen hike or 40 per cent increase for the ULG 97 petrol is still below the antiticpated RM4 per litre price projected earlier and among the cheapest in Asia.
KUALA LUMPUR: Prime Minister Datuk Seri Abdullah Ahmad Badawi on Wednesday announced the new price for petrol is RM2.70 a litre, effective midnight tonight.
He announced that the price of petrol would be increased by 78sen and diesel by RM1.
The 40% increase in petrol price is part of the new fuel subsidy plan the Prime Minister announced at 5pm Wednesday.
The price of diesel goes up to RM2.58 from RM1.58.
KUALA LUMPUR: A new fuel subsidy scheme to be announced tomorrow will take immediate effect to prevent further speculation.
Prime Minister Datuk Seri Abdullah Ahmad Badawi said the anti-inflation committee would decide today on the various proposals put forward by the Cabinet.
He was speaking to reporters after chairing the national small-and-medium enterprise development council at Bank Negara here yesterday.
Abdullah was asked to confirm an announcement made by Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad that a new fuel subsidy scheme would most probably be implemented in August.
Abdullah said: “He said ‘might be’. As far as the subsidy management scheme is concerned, the final decision will be made on Wednesday.
“It was to be decided last Friday but it so happened that many of the ministers (involved) were attending conferences overseas. We wanted all to be present to make the decision.”
Asked whether the announcement would take effect immediately, he said: “We want it to be effective immediately. If not, there will be a lot of speculation.”
He, however, did not disclose what the new subsidy scheme would involve.
Earlier at Parliament, Shahrir said any change in the subsidy scheme might result in a rise in petrol and diesel prices.
He said the scheme might be changed in August as stated earlier by Second Finance Minister Tan Sri Nor Mohamed Yakcop.
“It will happen. Petrol price will increase,” he said at the lobby of Dewan Negara yesterday.
However, he said Malaysians would still enjoy subsidies, but it would be given based on need.
On another matter, Abdullah said the Government would set up a special committee to recommend measures to reduce the impact of rising costs and oil prices on small-and-medium enterprises (SMEs).
He said measures to be considered included tax incentives to encourage SMEs to upgrade their machinery and equipment as well as adopt new technology.
Abdullah said the measures were vital to ensure that SMEs were not forced to shut down due to rising oil prices.
He said that more than 286,000 SMEs received assistance through the implementation of 189 key development programmes involving RM4.9bil.
Asked whether the RM1bil special allocation for rural development in Sabah was due to pressure by Sabah Barisan Nasional leaders, he said: “It’s for infrastructure development in rural areas in Sabah. It’s from the Federal Government. It’s part of the consideration we are making at the moment.”
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