Sealing their fate

Well, well, well... as the soothsayer of Malaysia sez.... fuel prices will go up again after the election. Isn't it the truth.

Friday April 25, 2008

Subsidy on diesel to go first, says Shahrir

By TEH ENG HOCK

KUALA LUMPUR: The restructured fuel subsidy scheme will see the removal of subsidy on diesel first.

Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad said diesel would soon be sold at the market rate at the pumps when a mechanism to deliver subsidies directly to those entitled has been decided upon. (Gee... and I wonder who these entitled people are????)

“We are looking at diesel first, and how to ensure that subsidised diesel gets to the right groups, especially to the transport sector and (those involved in) certain economic activities which require diesel subsidy so that we can cut out leakages. (Wah!!! Better open up the grey area so that they can sapu without being noticed, ya???)

“Schoolbuses for example. We have to have a mechanism on how to deliver the diesel (subsidy) to the schoolbus drivers so that the cost of transport will not go up,” he said.

Without the subsidy, diesel will cost more than RM2 a litre. The price of diesel at the pump now is RM1.581 a litre.

Shahrir said the move to restructure the fuel subsidy was necessary to ensure the money was not wasted through various ways such as diesel smuggling. (But you can waste money through RM1000 dinner suits purchases and "table etiquette course", right?)

“We want to look at diesel first, then obviously we will have to look at petrol subsidies,” he said.

Shahrir said crude oil prices were at US$117 (RM372) per barrel, and the Government spent RM33bil on fuel subsidies last year.

He said another RM20bil of subsidy was spent on natural gas to subsidise Tenaga Nasional Berhad’s power generation.

“You are talking about RM53bil. And that does not include the subsidised amount that people pay. Our oil export in 2007 was RM77bil. (You've just spilled the beans, moron!!! Where is the rest of the RM23 billion???)

“So it is almost one-to-one what we consume and what we export,” he said.

It is scary to know that there are a bunch of uneducated, greedy morons running this country. Uneducated I can still buy, but greedy... you guys are running this country into the drain. Come on, Sabah and Sarawak MP's!!!! When are you guys jumping ship to boot out these idiots???