Malaysia Oil Hike Protest

The protests have started, KL, Ipoh. Kuching... People are of course unhappy with the price hike. But the government must be transparent with what it intends to do with reduced subsidy. What happened to the Petronas profits?

Oil hike protest in KL, Ipoh
Jun 5, 08 12:45pm
http://www.malaysiakini.com/news/83974
About 50 people participated in a peaceful protest at Jalan Pasar, in Pudu, Kuala Lumpur this morning to object the oil price hike announced by the government yesterday.

... DAP Perak has also organised a similar protest in Ipoh this morning.

...in Kuching, ...some 500 PKR members staged a peaceful demonstration along Jalan Satok under the watchful eyes of police personnel.

...more demonstrations were being planned at different locations starting from tomorrow.

Tomorrow, Teratai MP Janice Lee will organise a protest at at Taman Muda Ampang in Kuala Lumpur.

Another protest will be held outside the Kampung Baru mosque after the Friday prayers. This is being organised by a Malay NGO called Ikrar.


Mass anti-fuel hike rally on July 12
Andrew Ong Jun 5, 08 2:38pm
http://www.malaysiakini.com/news/83988
Thousands of people would be mobilised for a mass protest against the shocking increase in fuel prices at the iconic KLCC Twin Towers on July 12.
...

Oil price hike: An economically-necessary move
Ong Kian Ming and Oon Yeoh Jun 5, 08 10:39am
http://www.malaysiakini.com/news/83964
... It won't be too long before the long queues last night for a last taste of RM1.92 petrol translates into street demonstrations.
...

Your say: The 'tsunami' fuel hike
Jun 5, 08 8:51am
http://www.malaysiakini.com/news/83963 (Free reading)
‘Everything’s getting so expensive. Where does my tax money go to? I don’t see enough of it coming back to me, the general public’...

Feedback from current and former leaders...

Anwar: Hike 'wanton in size, callous in effect'
Terence Netto Jun 5, 08 1:54pm
http://www.malaysiakini.com/news/83983
PKR de facto leader Anwar Ibrahim described the 78-sen rise in petrol pump prices as “wanton in size and callous in effect”.

He added the increase - the largest in four rounds of price hikes in the last 18 months - was the “compounded legacy of the now unsustainable secrecy in the way the profits of Petronas are disbursed and was also the cumulative effect of wanton waste in government expenditure”...

Penang CM: Fuel hike 'socially unjust'
Jun 5, 08 1:58pm
http://www.malaysiakini.com/news/83985
The government's move to increase oil prices from RM1.92 to RM2.70 per litre is "economically insufficient and socially unjust,"said Penang Chief Minister Lim Guan Eng today.

In a statement, he said the increase does not deal with the basic problems of increasing productivity and energy conservation...

It's only '16 sen per litre in Venezuela'
Jun 5, 08 6:28pm
http://www.malaysiakini.com/news/84017
Opposition Leader Dr Wan Azizah Wan Ismail has accused the government of being ‘stupid’ for repeatedly saying that our new petrol retail price of RM2.70 is low when compared to other countries in the region...

Dr M: Gov't has money to keep fuel subsidy
Syed Jaymal Zahiid Jun 5, 08 4:54pm
http://www.malaysiakini.com/news/84010
The government, given the amount of profit made by the national petroleum company (Petronas), can actually afford to maintain the fuel subsidy, said Dr Mahathir Mohamad....

Mukhriz: Shocking decision
Meanwhile, Umno Youth exco member Mukhriz Mahathir today became the first party member to break ranks by criticising the government over its fuel hike.

Calling the move "shocking and drastic", Mukhriz said he was shocked over the sudden fuel price hike...


Other news reports on the fuel price hike... so many ;-) ...

'Let me pay market price for cars too'
http://www.malaysiakini.com/news/83966
Kenny Gan: I don't mind paying market price for petrol provided I can pay market price for cars. Currently, our cars are anything but ‘market price’. We have one of the highest car prices in the world due to our abnormally high import duties on foreign cars...

78 sen more for petrol by August
http://www.malaysia-today.net/2008/content/view/8384/1/

Gas price on oil producing countries, please do not compare us with countries with NO gas production
http://crete.globat.com/~mob1900.com/temp/blogpics2/gasprice.jpg


The 56 billion ringgit question
http://humblevoice.blogspot.com/2008/06/56-billion-ringgit-question.html
Firstly Malaysia is a net exporter of crude oil. So the government did NOT subsidize our petrol...