Wednesday, September 17, 2008

Lulu Wonders If The Government Would Give The Rakyat Another Round of "benefit from the current global market depreciation of crude oil prices"

Two days after our beloved and hopefully soonly departed PM had said,
The Government is not planning to announce the new fuel prices before polling day for the Permatang Pauh by-election.
Prime Minister Datuk Seri Abdullah Ahmad Badawi said the Government would stick to its decision to announce the new prices on Aug 31, to be enforced on Sept 1.

he announced a cut in petrol and diesel price.

Its so true to his u-turn character [almost as if it was in the script of a "U-Turn PM" movie].
Our totally in control, Islam Hadhari does not lie PM then said,
There is a possibility that the prices may go up so it would be a waste if we do not lower our prices now. This is to take advantage of the current lower global prices.

mind you, according to a member of our totally in control, Islam Hadhari does not lie PM's cabinet,
the Government’s decision to lower fuel prices earlier than expected was due to the rising inflation rate and not because it wanted to win the votes of the Permatang Pauh constituents.

Two weeks ago, our totally in control, Islam Hadhari does not lie PM called on us to pray that
if world market prices for fuel remained stable at US$109 for the rest of the year, Malaysians might even enjoy another 15 sen drop below the current rate of RM2.55.

well, guess what crude oil prices are now, and how long has it been below that magic 109 number?

source : http://www.livecharts.co.uk/daily_charts/daily_charts.php
also ref Bloomberg http://www.bloomberg.com/markets/commodities/energyprices.html

do we have to wait till Oct 1st for the new price announcement?
don't we, the rakyat, to quote our totally in control, Islam Hadhari does not lie PM, deserve to benefit from the current global market depreciation of crude oil prices?
or do we have to wait till oct1st/Pensiangan by-election whichever comes first?

Lulu mumble-mumble-grumbles...

Aug 21 - No new fuel price announcements for now, says Abdullah
Aug 23 - Government decides to bring forward ‘floating’ price mechanism
Sep 5 - Pray that oil prices stay low, says PM

6 comments:

Anonymous said...

My thots exactly. Niamah! So who in the exalted authority is reaping the price difference BENEFITS now????? Niamah, Ptui!

CK said...

turun turun turun turun!!!

not only the fuel price. but Pak Liar and his BN gomen!!!

Bumiputerakelas2 said...

Now that the price is low, Petronas is not making money so cannot subsidies so how to lower the price? The profit made is not enough to distribute among the .............

Anonymous said...

Dofus PM is busy saving his ass now...

Khun Pana said...

He conveniently " forgot ".
"Sudah lupa "
I am too busy signing some ISA papers.
Ask my Datuk Najis , he is now in charge while i go play submarine with jeanne.

fbb said...

guffaw, "our beloved and hopefully soonly departed PM"!!! classic! (eh, luly, where got soonly one).

our PM's word is as reliable as proton cars.