We may be looking at a fuel price increase sometime in the future, in fact MITI minister Datuk Seri Rafidah Aziz has given us a few hints at a possible increase soon.
According to Datuk Seri, the government has given a notice six months ago to the private and industrial sectors in Malaysia of a potential increase in fuel prices, and they have reported back to the government on the possible side effects that the fuel price increase would have related to the industries they are in.
The government is already studying how much of the oil price increase should be passed on to industries, the commercial sector, and consumers as they think it is not viable to continue to maintain a petrol subsidy at its current levels.
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AI-generated Summary ✨
Comments express frustration over impending fuel price hikes, highlighting the economic burden on ordinary Malaysians and questioning government policies. Several commenters believe that petronas profits and international oil market influences heavily impact fuel prices, with some criticizing the government for not adjusting fuel prices in line with world markets or improving public transportation. Many feel subsidies are misused, leading to inflated car prices and decreased purchasing power, especially affecting low-income groups. A few commenters mention the need for better governance, fair taxation based on vehicle efficiency, and increased FDI to balance the economy. Overall, sentiments are largely negative, with concerns about inflation, corruption, and the long-term impact of rising fuel costs on daily life and national development.