Thursday, June 05, 2008

Fuel Price Hike

Forty percent hike. Overnight. This is the biggest jump of petrol prices Malaysians have seen. Indonesia rose in demonstrations when it happened. Let's see what Malaysians are capable of. Already the blogs contain scathing remarks against the government.

It is inevitable, with oil prices going up worldwide. But the question here is this. What is the government planning to do with the savings from the greatly reduced petrol subsidy? Who will actually be the ones to benefit from this?

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