Is it Malaysian Petrol Is the Cheaper?

Quoted from Life's Happening

The Malaysian government, on each occasion of announcing the fuel / petrol price increase would tend to compare with the neighbouring countries' prices. In doing so, they would say that our price was still the lowest in the region.

But has our Malaysian government tried to compare the fuel / petrol price with other oil producing countries? Malaysia is still a net exporter oil producing country at the moment.

A Germany-based company, GTZ International ("GTZ"), has done a survey in year 2007 on behalf of the World Bank in reviewing the fuel prices throughout the world. A common price denominator was fixed at US$0.38 per litre (Nov 2006 pricing), which was also the benchmark price for the world crude oil market. A good way to gauge when comparing different countries' way of measurement.

In GTZ's latest survey (click to download the 2 pages full survey), Malaysia has been listed at number 20. It shows that Malaysia's fuel price was the twentieth cheapest in the world. Not bad........... not true when the Malaysian government said that Malaysia's fuel price was the cheapest in the South East Asia region as Brunei's fuel price was even cheaper.

The Top Twenty list:-
1) Turkmenistan - US$0.02 per litre (ultra cheap, are you sure this is top grade oil?)
2) Venezuela - US$0.03 / litre
3) Iran - US$0.09 / litre
4) Libya US$0.13 / litre
5) Saudi Arabia - US$0.16 / litre
6) Qatar - US$0.19 / litre
7) Bahrain - US$0.21 / litre
8) Kuwait - US$0.22 / litre
9) Egypt - US$0.30 / litre
10) Yemen - US$0.30 / litre
11) Oman - US$0.31 / litre
12) Algeria - US$0.32 / litre
13) Brunei - US$0.34 / litre (Brunei is in the same region with Malaysia)
14) United Arab Emirates - US$0.37 / litre
15) Trinidad and Tobago - US$0.43 / litre
16) Azerbaijan - US$0.46 / litre
17) Ecuador - US$0.47 / litre
18) Angola - US$0.50 / litre
19) Nigeria - US$0.51 / litre
20) Malaysia - US$0.53 / litre (approx. RM1.71)

You have to know that the top twenty countries are oil producing countries and also net oil exporters. The US$0.38 per litre benchmark price was based on the crude oil price of US$60.20 per barrel. At that point of time, the Malaysian government has already mentioned that they have subsidised the fuel / petrol price heavily to the tune of tens of billions (Ringgit Malaysia currency).

As can be seen in the GTZ 2007 survey, during the crude oil price of US$60.20 or US$0.38 per litre, Malaysian fuel price was already being retailed at petrol station at the price of US$0.53 or RM1.71 (using the current currency exchange rate of US$1.00 = RM3.23).

The Malaysian government has been maintaining the fuel price at US$0.59 or RM1.92 and it would have started subsidising the fuel price if it hits above US$93.46 per barrel or US$0.59 per litre (approximately). The crude oil price hit US$94.00 per barrel on 20 Oct 2007.

Unless the Malaysian government can proof that this GTZ 2007 survey done for World Bank is wrong, otherwise please tell us what kind of oil subsidies were our Malaysian government talking about all these years?

Rice price is Rise!...

In the moment where all the peoples in the world had worried about the fuel price that keep increasing..now, the new disaster had came...The rice price is also rising...What had happen until this essential item also need to be rice..

According to the Agriculture Secretary Arthur Yap quoted M Syeduzzaman, chair of BOC Bangladesh Ltd, Bangladesh Rice Foundation said that the reason for the rice price increase is:

1.A supply largely affected by an increased demand resulting from rising population.

2.Climate change.

3.Booming demand for biofuels.

4.Continuous conversion of agricultural lands to non-agriculture use.

5.Neglect of irrigation facilities.

This problem is referring to the world largest rice exporter such as Cambodia, India and others...but it is not applicable to Malaysia because neither of it is happen to our country and also our rice product is totally for local use...

Malaysian paddy field product can support up to 70% of local demand in rice and only 30% of the rice product were import from other countries...So what we can say is, we are not totally depend on export rice...So, the question is why our country also suffered the rice price crisis although we are the country which can produce rice by ourselves....?

It seem that there is a manipulation in rice price by the wholesaler in Malaysia. The issue where some of the wholesaler change the price of 15% shattered rice to the price of 5-10% shattered rice price had made peoples realized that how cruel are they...In pursuing profit, they could do that...

Many of the peoples had suggest to the government where they should think about distributing the rice to the peoples without using the wholesaler and the 'middle person' to ensure the Malaysian rice stock is distribute well without any divertion...

But this issue that really matter now is, what can Malaysian government do in solving this matter?...Any strategy that will be introduced by Barisan Nasional(BN) governement now will effect the perspectives of the Malaysian peoples either it will be positive or else...

Either they realized or not, this issue is not just an issue that will effect Malaysian peoples live..but also effecting their parties relevancy...Malaysian peoples will always watching their strategy to cater the need of peoples and also their party....

WHY FLOUR PRICE IS INCREASING???

We all know Malaysian government had increased the flour price today up to 10-30 cent per kilogram. If you wondering why this price is increasing,
here is some answer that might cool you down...

Beginning of this year, many wheat field had decreased their production because of the bad weather such as drought in Europe and Australia. The demand for bio-fuel in Europe also the contribute factor for the price raise. This contribute to low flour production and the price had increased up to 70%...

The price is increasing from US$235 per tonne before September to US$400 now. The current flour price in Malaysia is between RM1.35 to RM1.50.

So, the flour price raise is nothing to do with CONSPIRACY...

The GOOD news is the price raise would not be for long as the drought in Australia end as said by Domestic Trade and Consumer Affairs Minister Datuk Mohd Shafie Apdal. So, don't worry...

So, the point here is...before you complaint..make sure you not what happen... We all know this world had almost reach the end of the day...so, is not a weird thing about shortage of our need nowadays...:)

Advice from me, try to eat less food from wheat as there are imported stuff...and eat something LOCAL...eat more RICE... :)

Try not to eat ROTI CANAI, BREAD, and other flour products for a few month..this can help to pressurized the bread and flour industry all over the world as the flour demand lesser but the flour production keep increasing... :)

So, whatever you do...DON'T BLAME OUR GOVERNMENT... unless you have prove..be WISE..


Sources of my research :

BERNAMA

The History Of Malaysia Petrol Price

History of increasing price of petrol. (For 16 years, from 1990)

Before 90 - RM 0.89
year 1990 - RM 1.10 (increased RM 0.21)
01/10/2000 - RM 1.20 (increased RM 0.10)
20/10/2001 - RM 1.30 (increased RM 0.10)
01/05/2002 - RM 1.32 (increased RM 0.02)
31/10/2002 - RM 1.33 (increased RM 0.01)
01/03/2003 - RM 1.35 (increased RM 0.02)
01/05/2004 - RM 1.37 (increased RM 0.02)
01/10/2004 - RM 1.42 (increased RM 0.05)
05/05/2005 - RM 1.52 (increased RM 0.10)
31/07/2005 - RM 1.62 (increased RM 0.10)
28/02/2006 - RM 1.92 (increased RM 0.30)

Below are the common statement that always we heard.

1. Increasing of petrol price still low compared with other country.

2. Increasing of petrol price do not increase the burden of people ?

3. Government promised that there will not be any petrol prices increased anymore.

We all know that fuel price are kept increasing and government petrol subsidy will be cut-off to help the country economy.

Well, it's fair enough...but the thing that doesn't make sense is government sector worker salary had been increased and will be increase after this...the private sector worker salary had never been increased and government doesn't concern about their salary although this private sector are the contributor for the Malaysia income...government sector only involve in services such as collecting taxes...

It seem that, government had no problem to increase their employee salary and they will never had any problem with the fuel price...the private sector worker will keep dying under the fuel and goods price that keep increasing day to day....

So, is it the fuel price increment are fair to everyone...?