Wa Boh Song's Rants, Rants and More Rants: Petrol price hike RM 2.70

The new petrol price was announced by Malaysia Prime Minister, Abdullah Ahmad Badawi on 5th June 2008 evening. What happen on that particular day was a shocking day for every citizen of Malaysia.

The new price of the petrol issue was debate at Parliament at that day too, but what we does not get it is, how come the implementation of the new petrol was immediate announced and implemented even just a couple of hours of discussion?

From RM 1.92 increased to RM 2.70 per litter, it is 41% increment and it is a serious matter. It would be acceptable if RM 0.20 ~ RM 0.40 increment. RM 2.70!!! This is the biggest increment of petrol price in Malaysia history !! It is a large sum for those who possessed larger capacity vehicle when comes to refill the car petrol tank.

All main roads were flooded with motor vehicles as if there were money drop from the sky. One shocking news could change the nation's perspective. Petrol stations were flooded, everyone was desperately to get the last petrol rate before it starts increased to RM 2.70 by 12.01 mid night.

This issues lead to the question, how come we have to pay more while our country is a crude oil exporter. Why? Keep the question until you read more further about the facts.

Now, let us compare the price with OIL PRODUCING countries:

UAE - RM1.19/litre
Eygpt - RM1.03/litre
Bahrain - RM0.87/litre
Qatar - RM0.68/litre
Kuwait - RM0.67/litre
Saudi Arabia - RM0.38/litre
Iran - RM0.35/litre
Nigeria - RM0.32/litre
Turkmenistan - RM0.25/litre
Venezuela - RM0.16/litre
MALAYSIA - RM2.70/litre

By comparing the prices of the nations that produce crude oil. How come the other countries could still maintain their petrol price at low rates while we can't? Is it our local petrol company (PETRONAS) doesn't produce good quality petrol to export to the rest of the world? Does it make sense to increase the petrol price to RM 2.70 per litter even PETRONAS is the largest crude oil exporter? You be the judge.

We can foreseen that there will be massive inflation as it leads to chain reaction where transportation, consumer products, electricity, industrial productivity and many more will eventually increase as well.

Some speculation were made that PETRONAS does not publish their actual financial report to the public. This question we leave it for good for the people(opposition) to figure out whether they really released the report to the public or not.