Thursday, June 5, 2008

Inflation for 2008

My monthly traveling expenses will shoot up to RM600 from RM400. This is in tandem with the increase of RM1.00 per litre for diesel purchase.

I was trying to pump yesterday for the old price, RM1.58/L before the new price RM2.58/L but the queue (if there's one) is horrendous! Can't the govt increase it slowly every few months to cushion the effect of spiring oil prices. Yesterday, it was really chaotic... all over M'sia.
Makes me wonder, what did the PM Bodowi said before, "No price increase until Sept".

From Malaysia-Today:
'I am not angry about the increase in the price of petrol when Abdullah Ahmad Badawi could not avoid increasing it. I am angry that he was forced to increase it. Why was he forced to increase it? And what happened to the estimated RM2 trillion that Petronas has earned over 34 years since 1974? And why are the accounts not made public or tabled before Parliament? Was not Petronas set up through an Act of Parliament via the Petroleum Development Act 1974? Therefore, should not Parliament have the power and authority to demand that Petronas table its accounts before Parliament? Why are the accounts secret? And why should Petronas report to only one man?

Petronas should be turned into a pubic listed company. Petronas should be called Petroleum Malaysia Berhad or Petromas Bhd or PMB and it should be listed on the Kuala Lumpur Stock Exchange and its accounts should be made public like all other public companies.'

Shame on the Govt!