Malaysian Fuel Subsidy

I just want to share my opinion about our domestic petrol price. As we know, our price is very-very cheaper if we compare with other country. Maybe some people can say, it is reasonable because we are the world oil and gas producer. But actually, there is some perspective that i saw the subsidies of Malaysian oil price is not efficient. The first thing is, i am very sure that the government put the lower oil price through subsidies is to help the lower income people. But, at the same time, the rich people also got the advantage from the price. Then, my suggestion is, the government should gradually remove the subsidies so that the oil price can achieve the global market price. Then, government also should be prepared the solution on how to help the lower income people so that they will not hurt by the price and high living cost.As a Malaysia citizen, we have to share our opinion to solve the problem. Don't just wait for government do all these things. We are the part of the community as well as the user, have our rights to give our recommendation and suggestion.


We want to see our Malaysia become a powerful country in the world and leading in all aspect included economy, politics and social through the provision of a long term goal (Wawasan 2020).

Back to our topic, Malaysian Oil Price I think, we have to find the way, on how to remove the oil' subsidy price without hurt low income people? (like me)...I need the suggestion and recommendation (not an argument)...




INFO:

Do you know, who are responsible to set the market oil price? Some people though it is setting by OPEC. NO! Most pf the misconception about OPEC is the reorganization is responsible to setting the oil price. Actually, the global market is too complex and the price of crude oil is depends on the movement of three major international Petroleum Exchanges. They are the New York Mercantile Exchange (NYMEX, http://www.nymex.com), the International Petroleum Exchange in London (IPE, http://www.ipe.uk.com) and the Singapore International Monetary Exchange (SIMEX, http://www.simex.com.sg).