Effective from 5.6.08,consumers in Malaysia have to pay RM 2.70 per litre for petrol and RM 2.58 per litre for diesel.And come July 1,electricity rates too will be increased.
Are we Malaysians going down well with this new fuel price while the Singaporeans heave a great relief with the lifting of the foreign car fuel ? Did you know that
India who also faces surging global crude oil cost like us ,also had to raise petrol prices to cut losses at the state oil firms.
Like it or not,this fuel price hike had stirred widespread political anger and worries about higher inflation here and there.Both the Indian and Malaysian governments cited the same ground-they could not sustain fuel subsidy anymore and had to practise prudent fiscal policies to enjoy continued strong growth.
Some anaylsts say there is no shortage of oil in the world and its present price level was driven up by unreal speculation by the speculators and hedge funds.In this globalised world, this event or that will affect each other in a `live- vicious cycle`-no one is sparred.This is the price we pay for globalisation.Even if we resort to street demonstration, we can`t beat the globalised forces.
If the government can save RM 13.7 billions from fuel subsidy and give back to the rakyat through rebates and other forms of subsidies--RM 4 billion for National Food Supply Guarantee Policy,RM 1.5billion for subsidising cooking oil , RM 400 million to subsidise rice imports,RM 200 million on flour subsidy,RM 100million on bread subsidy and RM 5 billion for motorist rebates..why don`t we give ourselves a chance to beat it?
Why don`t we braced ourselves more realistically , to think rationally and to come up fast with many more ways to overcome this ugly force of globalisation ...
YOU , YOU AND YOU ALL CAN MAKE THE DIFFERENCE
"Everyone thinks of changing the world,
But no one thinks of changing himself."
- Leo Tolstoy-
