Fuel Price Coming UP?

Late afternoon yesterday, an article appeared on The Star, that a new fuel policy was going to take effect on Wednesday ( with immediate effect). This is to avoid any further speculation.

Previously, Shahrir Samad mentioned that the new scheme might take place in August. Basically, PakLah with all his authority has overwritten his cabinet minister.

The question is, can we trust Pak Lah in this? Remember the No-Parliament-Dissolution-Tomorrow Fiasco, back in February 2008.

So, let's wait and see how much fuel would cost today.

On the sidenote, I believe that the price of fuel should not be regulated. I have to say that market competitiveness driving fuel price down is something not going to happen here, it is still imperative that we free the fuel market from any subsidy.

At the moment, the nation is losing a lot due to exploitation on the system by the foreigners. I suggest that everyone buy fuel at the real price, and if the government want to subsidised the item, it can be done on reimbursable basis, paid at the end of year, or by tax rebate. For non-tax payer, special scheme can be devised to accommodate this.

Same can be said of our hospital and health benefit, being hijacked by the singaporeans. We have to do something...