Fuel hike is excessive burden to the people. In a press release issued this morning, the former Finance Minister and axed DPM repeated his election promise that petrol and diesel prices can be kept low.
He accused the Government of allowing Petronas' colossal hidden profits to be used for cronies and family members instead of the people.
Anwar was in the Government, so he should know. Read here.
Two night ago, on RTM, I asked the current Finance Minister 2 about the higher revenues the country earns from higher world oil prices. Malaysia earns US$250 million more each time oil price increases by US$1 per barrel.
Nor Mohamed Yakcob said the Government is of the opinion that "keuntungan PETRONAS sepatut di gunakan untuk masa depan negara dan juga anak-anak dan cucu-cucu kita" (Petronas' profits should be saved for Malaysia's future generations).
For the full transcript of interview, click here.