My dear listeners ,I believe today there is among other things, a great growing concern over rising price of fuel.
As reported by Radio Australia on 27.5.08- " ... Malaysia says it will restrict sales of petrol and diesel to foreign motorists to prevent abuse of fuel subsidies.The domestic trade Minister,Shahrir Samad, says some 300 filling stations in towns bordering Singapore and Thailand will be barred from selling fuel to non-Malaysian registered vehicles from May 31 .." It was reported such a move could anger its neighbours.
BBC London on 27.5.08 also reported that "...Malaysia fuel ban on foreigners is an attempt to curb spiralling cost of government subsidies.The ban will take effect on Friday and will be lifted as soon as prices can be set at market level.The Deputy Prime Minister of Malaysia says , taxpayers` money is being used to subsidise petrol for those who are not entitled to receive subsidy.Foreigners should not take advantage of the subsidy scheme...and until the ban is lifted,those who break the new ruling could be fined or face a jail sentence.."
As you know,Malaysia,a non-OPEC oil producer,has some of Asia`s lowest diesel and petrol prices due to government subsidies.Malaysia says its subsidy bill could hit a record of 45 billion ringgit or $US 15.5 billion this year as crude oil prices reach record high.
Did you know while the Indonesian government has since last week raised fuel prices by nearly 30% ,Malaysian government has postphoned any fuel price hike , at least not until September or as when circumstances arise.
Given such situations, would fuel price hike be inevitable and prompt fears of widespread unrest as like in Indonesia? Would fuel ban on foreigners affect tourism and relations with Malaysia`s neighbours? Let us put our thoughts together to ponder !!!!!!!!!!!!!
As reported by Radio Australia on 27.5.08- " ... Malaysia says it will restrict sales of petrol and diesel to foreign motorists to prevent abuse of fuel subsidies.The domestic trade Minister,Shahrir Samad, says some 300 filling stations in towns bordering Singapore and Thailand will be barred from selling fuel to non-Malaysian registered vehicles from May 31 .." It was reported such a move could anger its neighbours.
BBC London on 27.5.08 also reported that "...Malaysia fuel ban on foreigners is an attempt to curb spiralling cost of government subsidies.The ban will take effect on Friday and will be lifted as soon as prices can be set at market level.The Deputy Prime Minister of Malaysia says , taxpayers` money is being used to subsidise petrol for those who are not entitled to receive subsidy.Foreigners should not take advantage of the subsidy scheme...and until the ban is lifted,those who break the new ruling could be fined or face a jail sentence.."
As you know,Malaysia,a non-OPEC oil producer,has some of Asia`s lowest diesel and petrol prices due to government subsidies.Malaysia says its subsidy bill could hit a record of 45 billion ringgit or $US 15.5 billion this year as crude oil prices reach record high.
Did you know while the Indonesian government has since last week raised fuel prices by nearly 30% ,Malaysian government has postphoned any fuel price hike , at least not until September or as when circumstances arise.
Given such situations, would fuel price hike be inevitable and prompt fears of widespread unrest as like in Indonesia? Would fuel ban on foreigners affect tourism and relations with Malaysia`s neighbours? Let us put our thoughts together to ponder !!!!!!!!!!!!!
