Today on newspaper - Perdana Menteri, Datuk Seri Abdullah Ahmad Badawi berkata, harga runcit minyak petrol dan diesel mungkin diturunkan lagi sebanyak 15 sen daripada harga semasa, jika harga minyak mentah dunia stabil di bawah paras AS$109 setong sehingga akhir tahun ini.
If Pak Lah reads my blog, this is what I want to tell him - reduce it now!! Government can always increase it up when the current price goes up. With the regular fluctuations of the oil price, it is actually a benefit to the consumer at large to enjoy lower price of oil based on the current market price. Otherwise, when are we the consumer could enjoy that?
Pak Lah, the mechanism that you'll need is quite simple - have a fixed amount of subsidy - say 30 sen a litre. Set the price based on the current market price minus the subsidy i.e. 30 sen. Do this maybe once a month. In overseas (I've seen this happened while I was in US), price changes everyday. So, i think it's fairer to the consumer and also to the government.
So Pak Lah, would you consider my suggestion??
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