What a joke!

I got bombarded by messages today from friends about the petrol price hike. The previous price of RM 1.92 per litter will be raised up to RM 2.70 effectively today, and this price hike of 40% causes electricity to have a 20% price hike as well! While most people had expected an increase in petrol price, where an increase of around 20% would be more reasonable (even economy watchdogs only anticipated an increased between 20%-30%), yet everyone was suprised by a 40% hike.

I mean, c'mon, if those "guys" had ever even bother to touch Management of Change books, one of the most important principle is that changes need to be introduced gradually in order to help people to cope and accept that 'tough fact' easier, and a gradual price increase spread over the span couple of years would had been more tolerable. This could also help the current BN (Barang Naik) party to at least preserve their already tarnished reputation better.

Yet, they opted to put a sudden hike when other grocery goods (rice price anyone) and other stuffs are on the rise, and I wonder did those "guys" ever consider the burden they placed on the lower income group in our country?

One question many must be asking is what was Petronas's (the cash cow of government) annual income, in which the final figure for year ended in 2008 wasn't released, and where did the nation's oil money gone and how were it being used? I can tell you, billions of ringgit was used to sponsor some useless F1 shit team, subsidizing independent power producers (IPP) when those companies were owned by some of the wealthiest Malaysian, bailing bankrupt political connected or government-owned firms such as Bank Bumiputra and many other funny stuff which we might not know.

Lastly, the ban of selling petrol to our neighbouring countries is one of the funniest decision I've heard in the past 2 months. I wonder had they ever consider the fact that there are Malaysian that owned Singapore registered vehicles, and yes, Malaysian can't refill fuel in their own country!

For now, we can only hope the money the govenment saved from subsidary will be put to better use, and not some nonsense stupid investment that bears no fruit. Do I see a bright future? I can't answer that, for now...