If you thought that a couple of cents raise in fuel prices is pretty annoying we wonder what you’d say if you woke up one morning and saw that prices at your pump increased by 40% overnight! Well, that’s exactly what happened in Malaysia yesterday as the government enforced an increase of 40% in gasoline prices and a whopping +67% in diesel fuel prices. As of Thursday, Malaysians pay $0.87 per liter or $3.30 a gallon for gasoline (from $0.61 and $2.32 respectively) and $3.04 per gallon (from $1.82) for diesel.According to government officials, while subsidies kept fuel prices in
4 Comments:
Awesome. They will curve demand a lot.
Hoho, nice 'Christmas' present for the Malay's. I'd wish some day in future, payments will shoot up this high overnight. BTW, that is one of the funniest logos I've ever seen, bahahahaha!
they didnt just raise the gas prices. even the electricity tariff are raised. so they want us to ride a bike and sleep before it gets dark! just a question, whats the basic salary for a graphic designer in other countries? here its around USD500 - USD800... tell me how do u expect to drive to work if u only earn that much a month
The government give RM625/year.
A calculation is been make if you 1 week only pump RM30(during RM1.92/liter).
You still get back the old price at RM1.92 after add the RM12(from RM625/52week)
The bad things is Malaysian are too rely on car and the subsidy of petrol since long time ago.
But don't forget the Malaysia main export in value is Petroleum.
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