The Malaysian government is still subsidising RM400 million despite the latest round of fuel price hikes, said the second finance minister Datuk Johari Abdul Ghani. “Based on the October price, actually the price increase is supposed to be 20 sen. But Prime Minister Datuk Seri Najib Tun Razak feels that we should reduce a little bit (the increase) because we can’t increase too much,” he said.
Fuel prices were up by 15 sen across the board from November 1, with RON 95 now at RM1.95 per litre, RON 97 at 2.30 per litre, diesel at RM1.90 per litre, and Euro 5 diesel at RM2.00 per litre. This follows an earlier round of price increase in October, after September’s price drop for petrol.
The current retail prices were calculated based on the average price for October, which saw a higher increase than what the government had set for retail purchase, according to Johari. Prices are influenced by a number of factors, including the foreign exchange which fluctuates according to the flow of the global economy – a stronger ringgit against the greenback would help in lowering the fuel price, he added.
“We use a “one month behind” mechanism, so the fuel prices for December will drop if global crude oil prices also drop this month,” he said, refuting accusations that the government makes a profit from the across-the-board fuel price hike.
Back in December 2014, the Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK) explained that under the managed float system, it would monitor the average fuel prices for the first 19 days of each month to see if it warranted a revision. If there was a marked change, the average price of the last 10/11 days of the month would dictate the pump prices for the following month.
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Sound like we must thank you loh !
Tak boleh tahan !
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When a addict weans himself from his addiction, it will free him.
Guiness world record for No.1 sarcacism. Congrats.
uneducated comment. Only a fool likes higher Ron 95 prices.
I remember a PM made this promise in Feb 2012 before the election..
“Saya jamin harga minyak RON95 tidak akan naik, tidak kira harga pasaran minyak naik ataupun turun. Kerajaan akan terus bantu rakyat”.
Thanks for the bantuan ya Mr PM
Don’t talk about petrol, Jib also promised car prices will come down 30%. But terbalik. Both petrol and car prices went up!
Wow, we sud thx our gov million time, thx a lot……othwise we need to buy petrol at RM2/L, thx a lot but my vote still go for another party.
big thanx to jep..
how about in other word, when the international fuel price drop, & gov still maintain or increase a bit the fuel price, did gov thanks to us??? or are we b0doh blind kasi dio org kon??
skrg cakap kuat kuat, kito ada subsidy 5sen kasi you. apa lah!
Nothing to subsidise lah. If you produce your own oil, what is there to subsidise??? Look at Sultan of Brunei, he gives his rakyat cheap oil that Brunei produces. He does not bull about subsidise nonsence.
You can only subsidise if you buy oil. What is the Petronas pruduces for?
You have 10l to give to 10 people, compare to you have 10l to give to 20 people, so how?
These kind of statement from a minister is worth less than the paper its printed on. If the calculations are really transparent, make it public then. Show all the calculation methods for the rakyat’s scrutiny, instead of these deflecting statements. Until that day came, the government will always be perceived as dishonest and manipulative.
I am Buddha, trust my words.
I want to name my non-vegetarian Christian son as Romely, can? Will Italy come to my house to arrest me?
Until today it’s your words against the general public. Just come clean and show us the calculation formulation, only so that we will be able to give you a so called “fair judgement”
Where is the promised “Fuel Price Mechanism Formula”??
What a load of bulls as always. How many times they said subsidy was withdrawn? Suka suka they will say govt subsidize and just plug the figure from the sky.
BS stands for Buddha Says wat, I worried if I use some thing related to animal for B, and something related to digested food to be passed through anus for S, I may get arrested or investigated, so I tell you I like to eat hotcar burger.
BTW, Buddhism is the most fanatic ajaran sesat in USA.
my msg kena blocked again, probably i need to say it more polite like
this bunch of clowns only know how to clean up the stools came out from a bigger clown’s anus, by cheating and deceiving us, u think we are fools? nah…
hope for the best for the next election
Next election??!, that bunch of clowns still win as some rakyat still think current clowns is best for them to living
Subsidised RM400m? really…?
Please kindly show us the calculation of the monthly prices and how it is derived. Be transparent.
And if it is suddenly subsidise RM400m, from which budget it is taken from? Which other ministry got affect?
So… at first gomen say petrol will no longer be subsidized, now you say you are secretively subsidizing..
I love how our ministers occasionally burst their own bubbles. So how much more secretive subsidize are going on behind the scene?
RM400m for all malaysian..
why not compare it with the amount of subsidies for certain several politician in malaysia…
just abolish all the subsidies for rakyat and also for all the politician
when the car price gonna to reduce to market price?
our car price are more expensive then US & JP 2~3 fold!
Ah Haa.. we were told that it follow market rate… now u say still subsidiary… which shall we believe? no wonder Government dare now show us the calculation details…. same old story… petrol prices up.. government can bankrupt.. and prices drop… government can also bankkrupt…apa lagi untuk mau cakap… cakap lar…
Basically, what they trying to say is , the government money is not the people’s money, they are doing big favor to subsidize the petrol
ok If i want to accept bn generosity in this regard PROVE and provide formula that how would u calculate that increase should be 20 cents and subsidy has been given and increase 15 cents ONLY across the range and how u proof that 400 Million allocated/subsidize and y round figures always.
U pple all forgot that one day u would be answerable to GOD
How long more u pple lies to rakyat.In reality there is NO formula specially in this country.
They don’t scare god, because they are “god of bullS”
Fuel price hike or government incapable and causing ringgit drop. Please be specific
Terus naik 20sen loh… 5sen mau berlagak apa? I also can subsidy you 5sen if you resign lor, arsehole minister.
Rompak RM2.6 bilion, then give back 5 sen. Padan muka semua!!!
Cut the shit off najis!
Malaysia Boleh,Najib Boleh,Bn Boleh But Rakyat Tak Boleh.
Paultan.com is already an archive of all the fuel prices in the past few years. Just use the search function on the top right of the page. You will find out that the subsidies has been ended in December 2014. You could also compare other months in previous years when the crude oil price is around USD50, and it is lower than the prices now.
Why you ask them to google around the PT archive? Some of reader here not even read the article above, now you ask them to read all the archive? pffff…
As suspected, the government is still helping the rakyat yang tak kena budi
They have been subsiding us and helping us for soo long and yet ppl are protesting here and there
I support more subsidies removal for these ppl who don’t recognise the assistance provided by government.
– Faiz Roslan CEng
Gov shudnt remove cuz of politikus vengence, but remove them to wean the rakyat of their addiction to artificially low price. Like a freed addict, it will help us in the long run despite the suffering during withdrawal.
Otherwise we end up like Venez, subsidy until bankrap country.
subsidise 5 cents also cakap kuat kuat. price of cooking oil go up how to justify?
Wahai orang orange kampung, please wake up and choose wisely during next GE. Don’t just because of that stupid BRIM, you all close your eyes. You all have been fooled and whacked by jibby up side down left right. What for you and your family work so hard ikat perut? We pay gomen and they should improve our life and not the other way.
Where is the promised calculation? Fuel price is still being used to manipulate ppl as and when gov wanted.
So much BS.
beribu ribu tahniah?
We dont care how much you subsidise, you all makan suap until the ringgit shrink, is your problem!
Ain’t nothing’s gonna change as long as the opposition continues to bumble around and bungle their chances. They have lost their momentum due to both the shenanigans of their own little Napoleons who just can’t shut up and take care of their constituencies/ states AND the establishment’s deft moves to harangue and hobble them via government-established and linked entities. In the end it’s the rakyat who’s gonna get schlonged – business as usual…