40% Fuel Price Hike. Fantastic!

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Our dearly beloved Prime Minister has announced a price hike for petrol to RM2.70 per litre. That’s a higher than expected increase of 40%. Will this spur public outrage? It already has.

“God willing I hope Malaysians will not demonstrate over this,” he said, referring to fury over earlier hikes in a country where public transport is poor and most people are reliant on their cars. 

Hahah. Was that a joke?

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Inflation is set to increase to 5% this year. Oh, and it’s supposed to be a consolation that Malaysia has one of the lowest petrol prices in Asia. Wow, I’m impressed. For an oil producing country, the Rakyat does not seem to benefit from the rich natural resources Malaysia has. And God I sure hope that for the RM17.4 billion the Government is saving, they plan to spend a huge chunk of that to drastically improve our public transport. Bring it to the levels of our neighbours Singapore or another fine example of a great, efficient public transport system – Hong Kong. Maybe then people will be less dependent on their cars and not complain about petrol hikes!

Oh, and don’t panic. And don’t rush to pump petrol tonight.


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