DAP,PRS,SPDP,SAPP Key Man Hits Out on Fuel Hike..

abdullah ahmad badawi govt announce new petrol price increase 040608 01

The new price of petrol and diesel that was announced by Prime Minister Abdullah Ahmad Badawi has a big impact on the people and the component parties in East Malaysia. In Sabah, Sapp President Yong Teck Lee warned Badawi of a serious political fallout for the BN and he lambasted the drastic rise in fuel price by the BN.”If the government losses the faith of the people, then it will find it even more difficult to govern” Are we sensing that SAPP is trying to find an alternative way out? Much has been said about their August date and there are looking very much like putting the “sword at the adam’s apple” ready to thrust.

In Sarawak,it was much of the same thing as PRS President James Jemut Masing said that the people needs to know the rationale behind the government’s decision of such a surprise move.“It is not good enough for the government to say that it is using the savings on fuel subsidy for development. It must let the people know in detail what the plans are,” He went further by saying that “It will affect the BN unless we explain because we have intelligent voters.Intelligent voters mean we require rationale intelligence and transparency in our dealing.”

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James seems to be rather worried about losing seats in the State Elections which is not due yet till 2011. Will BN still be in power or will Pakatan Rakyat have a say by then?

Sarawak People’s Democratic Party (SPDP) Senior Vice-President Peter Nansian Ngusie said the price hike of fuel has affected everyone and we should look at the whole oil market and the region where every country is facing the same problem.

An economist was quick to point out that if the PM had waited for August the “roques and cartels’ as he put it nicely would have stocked up all the diesel and petrol in some warehouse and even built special depots. PM can’t even inform the BN component parties and he has taken all these against himself. The PM and the government has repeatedly informed and educatied the citizens on the impact of subsidised oil, a non- subsidised economy and the imminent increase in Oil Crude prices but it has fallen on deaf ears.Many people continue to question why Malaysia as a net petroleum exporting nation was experiencing a negative impact from a spike in global oil prices.

You know why…..!!! Everyone is just so embroiled in politics and who’s staying on in power and who is going to be the next Prime Minister. What’s more….?? The volatility of the Malaysia’s Political situation after March 8th 2008 and the crossover/hopping/conspiracy theories were too much for everyone to worry about the whole world. It is sad but when we can’t even look after our backyard why should we worry about the world!!!

The BN Top brasses in Sabah and Sarawak are very worried about their voters and their party’s survival right now. The BN government will be feeling the wrath of the people and needs to find ways to mitigate rumblings related to the hike in petrol prices. The road to recovery and the battering the BN had at the polls for most of the component parties, it will be in for a rather rough,tumultuous and uncertain times ahead.

Keadilan and DAP will be watching very closely and they will pounce at any given oppurtunity. Bandar Kuching MP Chong Chieng Jen who is also Kota Sentosa assemblyman and Democratic Action Party (DAP) Sarawak secretary, feared that the future of Malaysians would be bleaker and it will definitely be a trying period for all of us. For BN and PR the name of the game is after all the peoples votes…………….

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3 thoughts on “DAP,PRS,SPDP,SAPP Key Man Hits Out on Fuel Hike..

  1. TL lee says:

    Whoever comes out of this bruising encounter will form the government. The people are unhappy and the protests will go on.INFLATION will increase and PRS,SPDP,SAPP make sure you know which PLATFORM you stand ON!!!!!!!!!!!!!

  2. Jess Wong says:

    OOOoooooooooooooYa!!!! Talk a lot only allof You.SAPP my friend say August your D-DAY.Hmmmmmmmm. we shall see.eeeeeeeee!

  3. yct says:

    As of last month a Toyota Vios would about RM 89,000

    In the international market, a Toyota Vios is about USD 19,000.

    USD 19,000 = RM 62,700 (using the indicative rates of USD 1 = RM 3.30).

    That makes Malaysian Vios owners pay an extra RM 26,300.

    This RM 26,300 should be cost of operations, profit and tax because the transportation costs have been factored in to the USD 19,000.

    RM 26,300 or RM 625 per year translates to a Vios being used for 42.08 years.

    RM 625 is a rebate given by the government, but it also means that one has to use the Vios for 42.08 years just to make back the amount paid in taxes for the usage of a foreign car.

    Now, with these numbers in front of us, does the subsidy sound like a subsidy or does it sound like a penalty?

    We know the international rates are above the USD 130/barrel. We understand the fact that the fuel prices are increasing worldwide and we also know that major scientists are still contradicting on why this phenomenon is happening. Some blame Bush and his plunders around the world and some blame climate change and there are others who say petroleum ‘wells’ are getting scarce.

    Again we go back to numbers. One barrel or crude oil is

    As of last month a Toyota Vios would about RM 89,000

    In the international market, a Toyota Vios is about USD 19,000.

    USD 19,000 = RM 62,700 (using the indicative rates of USD 1 = RM 3.30).

    That makes Malaysian Vios owners pay an extra RM 26,300.

    This RM 26,300 should be cost of operations, profit and tax because the transportation costs have been factored in to the USD 19,000.

    RM 26,300 or RM 625 per year translates to a Vios being used for 42.08 years.

    RM 625 is a rebate given by the government, but it also means that one has to use the Vios for 42.08 years just to make back the amount paid in taxes for the usage of a foreign car.

    Now, with these numbers in front of us, does the subsidy sound like a subsidy or does it sound like a penalty?

    We know the international rates for crude oil are above the USD 130/barrel. 1 barrel=159 litres. And approximately 46-47% of a barrel of crude oil will be use in our vehicles.

    46% of 159 = 73.14 litres.

    And at the current rate of RM 2.70/litre, this constitutes to RM 197.48 of fuel per barrel of crude oil. This is only 46% of the barrel, mind you. There is another 54% that are still refined and traded in the markets. These products include bitumen, kerosene, and natural gases and so many more.

    Using the indicative value of RM 3.30 = USD 1 (it is actually RM3.26 today), we get that a barrel of crude oil produces USD 59.84 worth of fuel. And this makes a balance of USD 70.16 that has not been accounted for. In actual fact, we still pay for this as they are charged in the forms of fuel surcharge by airlines and road taxes for the building of road (because they use the tar/bitumen) and many more excuse charging us but let us just leave all that out of our calculations.

    USD 59.84 compared to a barrel of crude oil, which is approximately USD 130, turns out to be 46% of a barrel as well. So this is where I got curios. Where is the subsidy if we are paying 46% of the price of a barrel of crude oil when the production of petrol/barrel of crude oil is still only 46%?

    Now, the government has a very ugly predicament in front of them. The taxation of foreign cars to protect Proton has been deemed unfair by these calculations and the price of fuel is currently at world market price.

    Who is government helping by this move? Not the poor, not even the rich. Everyone is affected.

    Yes, the future of Malaysians would be bleaker and it will definitely be a trying period for all of us.

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