Showing posts with label Petrol hike. Show all posts
Showing posts with label Petrol hike. Show all posts

Wednesday, July 16, 2008

ANWAR V SHABERY : The Winner Is ??



It was a good debate and I must credit Datuk Ahmad Shabery for his courage to defend the government policy on oil hike LIVE. Hope more similar debate could be organized on key issues that affecting the Rakyat and Country. I bet almost everybody was watching the live debate last night. My wife has to pick up my children from their tuition class because I do not want to miss the last 10 minutes of the debate.

How did they perform then? Actually Datuk Ahmad Shabery is not the match for Datuk Sri Anwar, courage alone is not sufficient to win the war. You need solid ammunitions and strategy to out wit your enemy. Shabery strategy to attack Anwar on personal basis does not work or rather back fired when it was mostly ignored by Anwar. His knowledge on the micro and macro economy including oil and gas industry was rather weak compared to Anwar stastiscs and points on the subject matter. Being just an Information Minister Shabery has limitation in putting forward killer strategy or concrete measures to out wit Anwar because that can only be done by the PM who has ultimate power on such matter. Despite wavering towards the ends, Shabery tried his level best to attack Anwar till the end. Given time and more exposure he could be a better minister, simply because he is not afraid to engage with all parties which include bloggers, oppositions and NGOs.

But the real winner last night was PETRONAS. Both parties agreed and subscribed that PETRONAS has performed extremely well in safeguarding and delivering its mission and objectives. It has become the backbone to the country financial revenue for the past decades and will remains such for many years to come. Both debaters can’t help but keep referring and praising PETRONAS throughout their one hour session.

The financial performance announced by PETRONAS yesterday reflected another sterling and record breaking performance, contributing RM 67.6 bil which is 44% of Government total revenue for 2008. This is one company that should not be politicized but nourish and promote to safeguard the financial security of the country and future generations.

Meanwhile the concerned by the President of PETRONAS must be addressed by the Government and relevant parties i.e.:
1. It is safe for the Government to be too dependent on oil and gas sector which amounted to 50% of total revenue?
2. What have happened to the other sectors such Manufacturing that has been given so many incentives but minimal economic contributions?
3. The Government must be transparent on the spending of PETRONAS contributions so that the Rakyat will fully understand the truth about PETRONAS role and contributions in nation building.

Monday, June 16, 2008

Oil Hike - Do the Right Thing

There is this joker by the name of Frank Beltran, propagating a drive to put down the oil price by stop purchasing petrol. Worst still he was instigating the public to stop buying from PETRONAS stations instead of other foreign owned stations. He was trying to put the biggest blame to PETRONAS on the current fuel hike tragedy. Poor guy he must be really dumb and blind on the real contributions PETRONAS has made to Malaysia for years and many years to come.

PETRONAS is the biggest and most successful Malaysian company, respected by International oil industry for its integrity, prudent and successful business model. It has been the savior for Malaysia during our financial crisis, economic downturns and the major contributors for the country revenue ( 40% of Malaysian revenue from Oil & Gas Industry ). It is the goose that has been laying Golden eggs for the country. And this joker is instigating Malaysian to kill the goose.

I gave you a personal response from one of PETRONAS senior staff that provides the insights and details of PETRONAS contributions to the country, Rakyat and industry. You are the judge and must act as a responsible Rakyat, put the blame where it is due and to the person who deserved it, not to a Company that have no final say on the oil hike, policy and the running of the country.

DO WHAT YOU LIKE by Datuk Dr. Rosti

The price of gasoline at the petrol station is set by the Government, not PETRONAS. PETRONAS has done its patriotic duty by paying the dividends, royalties, corporate tax, petroleum tax etc to the Government for YOUR benefit (rakyat lah). And bear in mind that 30% of its revenue comes from overseas operations, thus bringing in foreign exchange to the country.

OK. Assuming that you buy this idea proposed by whoever it was.
So PETRONAS will have reduced revenues. Bear in mind that the costs of operations are also increasing. So the profits are reduced. Then PETRONAS and other oil companies pay less taxes.

Then the Government will have less revenue. (Note: at least 40% of Government revenue for 2007 came from the oil industry). With less revenue, there will be less Government projects (you can then forget about bridges and highways, and rail tracks, and smart schools and not-so-smart universities, and hospitals, etc). So contractors and consultants, and con-sultans and con-cronies will cry and scream. Makan batu lah..
The Government has already announced freezing of recruitment. So, many new graduates will be unemployed. Makan batu lagi. Maggi mee pun tak mampu dah.

Later, all sorts of allowances for civil servants will have to be withdrawn. Treasury tak cukup duit. On top of that the oil industry may have to scale back many of its new investments, totaling about 45 billion ringgit over the next few years. Contractors, service providers, steel fabricators, maritime service providers etc will join the ratapan tangisan – no jobs.

Don’t forget that PETRONAS is sponsoring thousands of students in universities and even high schools – at any one time there are more than 4,500 university students being sponsored by PETRONAS in Malaysian universities and overseas. Also more than 2,000 high school children receive minor scholarships – children of poor families.

Kalau PERTRONAS tak ada duit, kesian lah mereka di atas tu. Shall I ask them to see the proposer of this idea (to boycott PETRONAS) and seek help from them instead?

So, it is to YOUR benefit that you make sure PETRONAS keeps making enough money to support YOUR Government so that your children can continue to go to school without paying for fees and books, and to go to universities at peanuts rates.

CONCLUSION: Help yourself and your family and your country by making sure that PETRONAS keeps making profits. Go to the nearest PETRONAS station and fill up now!!

Don’t forget that if you go to non-PETRONAS station, the profits that these companies get will go their shareholders OVERSEAS.
So, be patriotic. Do your duty. Go to PETRONAS!!

(I hope you guys will help to send this response to as many contacts as possible to counter this subversive proposal).


What do you say to this?

frank beltran <beltran_frank@hotmail.com> wrote:

Subject: Fw: Let's get those fuel prices down
LET'S JUST DO IT ! ! !
THIS IS NOT THE 'DON'T BUY' PETROL FOR ONE DAY, BUT IT
WILL SHOW YOU HOW WE CAN GET PETROL BACK DOWN TO
RM1.92 PER Litre....

“Here's the idea: For the rest of this year,
DON'T purchase ANY petrol from Petronas
the biggest price-up driver company
If they are not selling any petrol, they will
be inclined to reduce their prices. If they
reduce their prices, the other companies will
have to follow suit.

But to have an impact, we need to reach
literally millions of Petronas petrol buyers “

Wednesday, June 4, 2008

Petrol Hike Rumbles

It the midst of heavy downpour, lightning and flash floods at Lembah Pantai yesterday PakLa announced the new fuel price: Petrol RM 2.70 and Diesel RM 2.58 The population was shocked, not on the increase but the quantum , causing a mad rush on all petrol stations throughout the country right up to midnight. It was a crazy day and crazier night.

Today the sermons have started, all the Rakyat must be realistic and accept the new price and start living below their current means. Cut all the expenses and get ready for the snow ball effects on all prices of goods and services. The Kitchen Cabinet has decided what is best for the people, accept it, everything going to be all right. It’s beyond our control , we are dictated by the global oil price and God willing we will look at it on monthly basis because that how far we can see.

Mat Jenin was wondering under a coconut tree, what has happened to the wakil rakyat I voted in recently ? Are they working for the people or against the people, don’t this country belong to the people. Why did they keep saying it’s a subsidy when it’s our money in the first place. So whatever happened to billions of dollars the country benefited from the sudden increase of Malaysian premier crude? Whatever happened to the billions of dollars the country benefited from the increase of palm oil, rubber, taxes and other commodities. It looks like all the losses goes to the Rakyat and the profit goes to God knows who.

Forty percent increase of petrol price plus 6% inflation equal to reduce in purchasing power, equal to economic slow down, equal to down grading of economic rating to second class economy.


The Star :Petrol to cost RM2.70 from midnight
KUALA LUMPUR: Prime Minister Datuk Seri Abdullah Ahmad Badawi on Wednesday announced the new price for petrol is RM2.70 a litre, effective midnight tonight. He announced that the price of petrol would be increased by 78sen and diesel by RM1.


The 40% increase in petrol price is part of the new fuel subsidy plan the Prime Minister announced at 5pm Wednesday. The price of diesel goes up to RM2.58 from RM1.58.