RM16m Windfall - stupid FOMCA...

This is what was published in The Star last Saturday:

Government makes RM16mil a day from fuel windfall
By IZWAN IDRIS and LESTER KONG
KUALA LUMPUR: The Government is set to get windfall gains of up to RM16mil per day based on yesterday’s crude oil price of US$44 (RM158.40) per barrel and a consumption estimate of 27.5 million litres per day .
This windfall comes about because the pump prices of fuel have not been reduced enough to reflect the lower crude prices, oil analysts said.
This has prompted the Federation of Malaysian Consumer Associations (Fomca) to request the Government to reveal how it plans to spend the windfall revenue.
Its secretary-general Muhd Sha’ani Abdullah urged the Government to invest the money in public transportation for the benefit of everyone.
The crude oil price in New York fell to a four-year low at below US$44 per barrel yesterday, dragged down by demand worries amid the worsening outlook of the global economy.

At this level, the market price for RON 97 grade petrol should be about RM1.30 per litre, which is 60 sen lower than the RM1.90 per litre Malaysians are currently paying, the analysts said.

WOW....!!!! RM16m a day?? Making money out of our misery?? SO cunning.. Although in another article Shahrir Samad denied this but his arguments was so weak and general. Of course the calculation was based on current price which is much cheaper that the previous average price and this new price will come into effect for the next 2 weeks or so. I totally understand that but the point is... -> THE GOVERNMENT IS MAKING MONEY OUT OF OUR MISERY!!!

The govt decided to increase the fuel price from RM1.92 to RM2.70, a very significant and burdening 40% increase, which resulted in sudden surge of goods price especially consumer goods. Despite advises from many analysts saying that the increase in global crude oil price was only temporary, the govt ignored all these saying that this can further affect our future generation...??? SO blindly stupid as if we cannot survive now then how can there be any future generation? I was against this statement as I personally feel that although we want to safeguard the interest of our future generation ie our children, we should never sacrifice our own interest up to that level because if we cannot survive now then can we expect our children can survive later?

Back to the issue, the govt decision was the major contributor to the surge of consumer goods price. The analysts were proven right when not even half a year, the crude oil price started to fall an now even hit the lowest level in 4 years, much lower when they decide to increase the fuel price. The problem now is the price of goods do not fall in parallel with the drop of fuel price. They do in certain outlets but not as drastic as the increase. Most of the businesses are still maintaining the same price.

This is what I want to highlight actually.... -> Federation of Malaysian Consumer Associations (Fomca) to request the Government to reveal how it plans to spend the windfall revenue...!!!????

Hei buffalo....!!! Ask the govt to reveal its plan on how to spend?? SO stupid buffalo ass lickers...

1. The stupid and corrupt govt will never disclose to you the real spending using that surplus fund. They will definitely allocate most of it to fatten up their belly so why they want to disclose to you the real truth. In the same statement, this idiot Muhd Sha'ani Abdullah urged the govt to invest in public transportation for the benefit of the people. The people?? Who?? Us or the cronies or their families? RapidKL is under Pak Lah's family regime. So this idiot must have meant to invest the money in public transportation for the benefit of Pak Lah's family la... OOOOOooo... Cakap biar terang...!!!

2. The hike of consumer goods price was directly due to the increase in fuel price. Therefore, simply reduce the fuel price further and not just 10 cents. For the least, we can have a cheaper petrol for our cars and therefore saves us more money which will be used to buffer the high consumer goods price. I erally think this is very plain and straight forward thinking already and need no position in FOMCA to come out with this. Why is this idiot so stupid not to come out with this kind of thinking? Why ask the govt to spend on something else?

Bodoh will still be bodoh if that person does not want to learn but stupid ass lickers can never be changed forever.. LOST... RIP..