Prime Minister and Minister of Finance Datuk Seri Abdullah Ahmad Badawi says there will be no changes to the fuel and gas prices in Malaysia for the time being.
“Whatever the present price, we have to live with it,” said the Prime Minister at the Invest Malaysia 2008 conference. Light sweet crude oil currently trades at USD 100.35 per barrel on the NYMEX. In a Malaysiakini article, the PM adds: “When we make the announcement (on fuel prices), it is hoped that the situation would have change.”
RM43.4 billion was spent in 2007 to pay for subsidies of fuel and other essential items. Can the government afford this? And for how long?
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AI-generated Summary ✨
Comments primarily focus on fuel prices, with many expressing frustration over the high cost compared to oil-producing countries and questioning the justification for subsidies. Some argue subsidies are draining government resources and advocate for removing them to fund other public services like healthcare and education. Several comments highlight the need for better public transportation, infrastructure, and efficient management of national resources, including oil revenue. There is skepticism about government transparency and criticism of corruption and wasteful spending. Many feel that the government’s claims of economic stability are misleading and emphasize that high fuel prices impact everything from the cost of goods to daily living. Overall, sentiments are largely critical, urging greater accountability, better resource management, and alternative energy initiatives.