Petrol increased, food increased, electricity increased, demerit goods such as cigarettes and alchoholic beverages price increased, transportation of any kind of services price increased, entertainment also affected, property and so on. As what we can see, just an increased on petrol price affected the others. The standard of living in Malaysia now increased by 40% in history would be the highest and inflation rate is the worst that affected the nation lately. Malaysia ranked 24th and one of the largest oil exported in the world. The Petronas did the best job by selling off the best high-grade oil and imports low-grade oil. But the price for petrol today in Malaysia is stood up at rm2.70 per-litre. It is so unbelievable and unwise. Our neighbour Indonesia not an oil exporter price for petrol is just 1.70 malaysian ringgit per-litre which is cheaper than us. Government stop subsidising on the petrol and claimed that they are not making enough profits. From its establishment in 1974 to 2008, Petronas has made 570 billion before taxes, royalties, dividends and export duties.
According to Lim Guan Eng the MP for Bagan, questions are forwarded to the Prime Minister.
To what my surprised here are the breakdown of the total sum of RM570 billion:
- Payments to the government (royalties, export duties, taxes and dividends) - RM359 billion
- Allocations for shareholders, royalties and taxes abroad - RM41 billion
- Profits re-invested in Petronas operations - RM170 billion
But yet the answer given are not so convincing as the government does not made use of all the money to help the people. If it has been utilised well, the poors one would definetely enjoy a new house with money given for their children's education. Price for petrol will be surely subsidised to the highest and development on the country will grow even faster. But what we got is the other way round.
What else can we say about this. The people would like to thanks malaysian BN leaders for working on things that the people does not really want to see. Life is getting tougher for the low and mid-range income people who are now working hard to save as much as they can because they believe the government is not anymore can be trusted or relied. Before the election, these people talk very nice and sweet and promising whatever wills the people wish to come true. But in the end, they felt dissappointed and angry on what has be done to them. For the rich people, they dont even bother about what had just happened. What happen to the people in future if price keep on rising without consideration?
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