Post election Malaysia have proven to be an unsettling one, despite the National Front getting only 46% of the votes, they have won GE13. I don't want to talk further on the controversies of the election results, but to discuss on what's happening after the election. So now, post GE13, promises have been made and they must be kept.
However, one promise that was guaranteed before the election was not fulfilled recently. After ensuring the people that oil prices, especially RON95 would not increase this year, it increased yesterday (3/8/2013) by 20 cents a liter. Of course 20 cents isn't much, but if we calculate the ratio, it is actually an increase of 10.52% and this would definitely affect transportation of all goods thus escalating costs. Maybe to the fat cats its nothing to be shout at, but an increase of almost 11% of living cost would definitely affect the people especially among the poor. I just hope this chosen step to improve our economy is justified.
One question that really boggles me, RON97 is the premium fuel in Malaysia, it is not subsidized and currently it is priced at RM2.70, RON95 is supposedly subsidized at 63 cents at current price it is at RM2.10. RM2.10 + RM0.63 = RM2.73. Is it true that RON95, which is of lower quality than RON97 more expensive than the latter? Or am I missing something here?
**Update: after much chatter in the social media, on 5/9/2013 the government increased the price of RON97 by 15 cents to RM2.85
Anyway, take a look at our Viz below showing the price fluctuations of subsidized oil in Malaysia since 2000.
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