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Wednesday, October 8, 2014

THE QUESTION NAJIB IS AVOIDING: Why hike oil prices when global price has dropped?

THE QUESTION NAJIB IS AVOIDING: Why hike oil prices when global price has dropped?
KUALA LUMPUR - An Opposition lawmaker has questioned why Putrajaya increased the price of fuel recently when the global oil price has dropped and other countries have cut prices accordingly.
"United Kingdom has dropped the price by 25 sen per litre and India by 5 sen, but why are we raising the price?" asked Datuk Raja Kamarul Bahrin Shah Raja Ahmad (PAS-Kuala Terengganu).
"This is just the beginning and we are going to see other prices increasing soon," Raja Kamarul said in a press conference at Parliament lobby today.
The prices of RON 95 and diesel were increased by 20 sen on Oct 2. He also warned that the country is over-reliant on oil revenue for its income.
"How can we hope to be progressive if we only rely on one source of income?" he asked.
Raja Kamarul added that the government needs to diversify in terms of finding money.
"The government needs to find alternative forms of revenue as oil cannot sustain us forever," he said. -Sundaily

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