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Friday, April 25, 2008

Subsidised diesel to go can, give us better quality diesel 1st.

JEFF Lim's comments: It's disheartening to hear that the Government wanted to remove diesel subsidy. They don't realise that our diesel quality's the "Worst of the Worst" @ EURO 1 where as the World already using EURO 5. You know what, ironically Malaysia produces the BEST DIESEL in the world by the name of "Shell V-Power Diesel" only to be exported. Here's an extract of article 1. I felt very angry upon reading it... WHY we, Malaysia don't get this quality diesel, YET the Government want to remove the diesel subsidy.

"Shell V-Power Diesel is a top performance diesel fuel designed to help modern diesel engines deliver more power, for longer. Already available at about 5,000 service stations across Europe, Shell scientists have used the same fuel technology behind V-Power Diesel to create this special racing fuel for Le Mans."

"This remarkable result was due in part to the inclusion of Shell GTL (Gas to Liquids) Fuel in the race formulation. Shell V-Power Diesel is the first and only premium diesel to use this special synthetic fuel technology which is created from natural gas in Malaysia using a unique Shell synthesis process. Shell GTL Fuel burns more cleanly and efficiently than conventional diesel because of its outstanding purity and cetane quality."

Here's the DISAPPOINTING ARTICLE 2 taken from today's The Star:

Friday April 25, 2008
Subsidy on diesel to go first, says Shahrir

""KUALA LUMPUR: The restructured fuel subsidy scheme will see the removal of subsidy on diesel first.

Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad said diesel would soon be sold at the market rate at the pumps when a mechanism to deliver subsidies directly to those entitled has been decided upon.

“We are looking at diesel first, and how to ensure that subsidised diesel gets to the right groups, especially to the transport sector and (those involved in) certain economic activities which require diesel subsidy so that we can cut out leakages.
“Schoolbuses for example. We have to have a mechanism on how to deliver the diesel (subsidy) to the schoolbus drivers so that the cost of transport will not go up,” he said.

Without the subsidy, diesel will cost more than RM2 a litre. The price of diesel at the pump now is RM1.581 a litre.
Shahrir said the move to restructure the fuel subsidy was necessary to ensure the money was not wasted through various ways such as diesel smuggling.
“We want to look at diesel first, then obviously we will have to look at petrol subsidies,” he said.

Shahrir said crude oil prices were at US$117 (RM372) per barrel, and the Government spent RM33bil on fuel subsidies last year.
He said another RM20bil of subsidy was spent on natural gas to subsidise Tenaga Nasional Berhad’s power generation.
“You are talking about RM53bil. And that does not include the subsidised amount that people pay. Our oil export in 2007 was RM77bil.

“So it is almost one-to-one what we consume and what we export,” he said.
On the Food Security Policy, Shahrir said it had been discussed in Cabinet and the Agriculture Ministry would look into increasing production to counter inflation.
“What we have not resolved is the delivery and distribution to consumers. We need to take into account some things. For instance, I want uniform pricing for foodstuff in Sabah and Sarawak and the Peninsula.”

He added that the inflation of food prices was higher than the Consumer Price Index (CPI), which recorded 2.8% in March.
“We cannot use the CPI as an indication of inflation as it does not reflect the price rise in food. The CPI is a theoretical basket of goods based on the consumption of a theoretical average family.

“In the basket, there’s the food component, transport, clothing and so on. If you take out other components and only focus on the food component, then you will see that the (inflation) rate is higher than the CPI,” he said.""

END OF a STUP1D Article.

BA$TARD Shahrir, as I said in my previous post, just remove the stup1d subsidy (except subsidy card/s for School Buses, Lorries, Fishermen, and those needed) and REMOVE whatever Excise Duties, Sales taxes as well. I'm sure ALL Malaysians will thank you.

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