Thursday, June 5

Petrol Price Increase & Subsidy Scheme

It shocked every Malaysian that the petrol price had just rocketed up 40.6% today!

From RM 1.92 to RM 2.70 per litre!

To make it simple, that's if u usually pump in RM 100 for a tankful of petrol, u'd need to pay RM 140 just to get the same amount of fuel in your tank after this increase.

One of the rediculous measures is that our beloved Gov had introduced a scheme to so-called "cushion" the impact of this, by giving RM 625/yr cash rebate in postal order when u renew ur roadtax (for cars below 2000cc).

It doesnt take a rocket scientist to figure out that the rebate only sums up to RM52/mth worth of petrol subsidy. Who NEEDS that 52 bucks a month extra when the hike is so much higher? It's jst not gonna help.

While you're still scratching your head (or other areas) over this, the Electricity Tariff has also gone up! <<-- Click to read on.

Be prepared for a shocker.

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