The people are already paying more for their essential food before the fuel price hike. Last week, I noticed that the prices of my favourite food has increased, too.
The government can throw some big figures to our face, on how much it has to subsidise us on oil. But the people on the streets cannot comprehend those new subsidy structure. If it's really true that the subsidy is a lot while Petronas cannot give further discounts, then show the accounts to us.
We cannot accept that Malaysia, a net oil exporter, is denying its citizens of their rights to the subsidy. If the government's excuse is that they can't afford it anymore because they've been subsidising us for way too long and needs the money to fund other developments, then it should consider raising the corporate tax of oil companies operating in the country. Create new types of taxes just to get more money from them. They won't ditch Malaysia. The whole world needs gas. They'll have to explore for the black gold at every corner of the world, if they have to.
Oil companies are making tonnes of money from the increase of global oil price. But they pay the usual corporate tax. And they still have excess. Tax them.
Another thing, I don't understand why we're sticking to some ancient ruling that could dampen the effort to have clean and fuel efficient vehicle in the country. For example, the import of a hybrid vehicle is an expensive affair. The tax you have to pay for such a vehicle is costlier than the cost of the car itself. This is so ridiculous.
There are a lot of ways where we can save but it's not easy to save. Another example is the lack of petrol stations with NGV refuelling. This is a deterrant for people to convert their vehicle into an NGV-powered one where the cost is extremely low. And I wonder why, only Petronas has the exclusive rights to have NGV refuelling stations.
It seems to me, the government is telling us, "sorry folks. We are not going to make it easy for you".
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