Now everyone wonders, what did Shahrir said bout the August thing?
p/s: Next time want to increase price, don't la give last minute statement. This is 10th world parliament. Professional la sikit. give a better setback la. 3 days announcement ke, or better. Not at the 11th hour statement, memang la unprofessional.lol
Well nvrtheless, here's some snips from thestar bout the price hike :
Wednesday June 4, 2008
Shahrir: New fuel subsidy scheme only in August
By MANJIT KAUR
KUALA LUMPUR: A new fuel subsidy scheme will be fully implemented only in August and today’s announcement is only one of the steps in the revamp, Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said.
“Any announcement by the Prime Minister (today) should be seen as a part of the implementation and not the final step,” he told a press conference after opening the 1st Malaysian Construction Summit 2008 at the Putra World Trade Centre here yesterday.
He said a full subsidy system could not be immediately decided on now, as the Finance Ministry was still evaluating proposals.
Shahrir said he did not think his statements contradicted those made by the Prime Minister.
On Monday, Datuk Seri Abdullah Ahmad Badawi said the Cabinet would decide today on a new fuel subsidy scheme and that it would be implemented immediately to prevent speculation.
Shahrir said the subsidy revamp could result in petrol pumps selling fuel at market prices.
However, he said it was impossible to have a price increase without some way of helping the lower income groups.
“The idea ultimately is to increase the pump prices according to the market prices. At the same time, we need to deliver subsidy to Malaysians,” he said.
Shahrir said that there must be a system to the subsidy mechanism, which would either be in the form of cash income subsidies or a quota system effected through the MyKad or car registration number.
______________________________________________Wednesday June 4, 2008 MYT 7:33:41 PM
Petrol to cost RM2.70 from midnight (updated)
KUALA LUMPUR: Prime Minister Datuk Seri Abdullah Ahmad Badawi on Wednesday announced price hikes for petrol, diesel and electricity.
He said the new price for petrol is RM2.70 a litre, effective midnight tonight. The price goes up by 78sen from the current RM1.92, a hike of 40%.
Abdullah also announced that the price of diesel would be increased by RM1 from RM1.58 to RM2.58.
He also said that Tenaga Nasional Bhd would be raising electricity rates by 18% for homes and 26% for business users.
The announcements are part of the new fuel subsidy plan.
Abdullah also announced a RM625 annual cash rebate per vehicle, for owners of private vehicles with engine capacities of up to 2,000cc, as well as pickup trucks and jeeps with engine capacities of up to 2,500cc.
Owners of private motorcycles with engine capacities of up to 250cc will receive RM150.
Payment will be made via Money Order upon renewal of road tax, from July 1.
For owners of private vehicles with engine capacities exceeding 2000cc, road tax will be reduced by RM200.
Owners of private motorcycles with engine capacities above 250 cc will get RM50 reduction in road tax.
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