RON95 and diesel up by RM0.05 at midnight

Oklah, I'm too lazy to re-report this news so I just cut and paste Paul Tan's blurp on the above topic. We were talking about this "rumor" at work but no one could confirm it. I guess It was true in the end. I am all for reduced subsidies as long as it's done in a responsible manner and is gradual so that people are able to get used to the change. Also, no more empty promises of an "improved" public transportation okay! We need to see some results people. There is not major city in the world without a mass rail transport system to move the masses. Roads just can't cater to the millions in KL nowadays. Even more so if it rains! OMG! that is the worse! ok, if you haven't read the news yet the you can read below on what is going on:

CONFIRMED: RON95 and diesel up by RM0.05 at midnight


July 15, 2010 at 9:18 pm By Paul Tan Filed Under Malaysian Fuel Prices

It’s confirmed – the government (via the Prime Minister’s Office) have decided to increase the price of various items in the country via the reduction of subsidy. These subsidy cuts are supposed to save the government RM750 million a year. The government claims that even after these cuts it will continue to spend about RM7.82 billion a year on fuel and sugar subsidies.

Word is that this is just the first in a round of many more subsidy cuts to come, which means the government has implemented some kind of incremental subsidy reduction plan similar to Idris Jala’s proposed PEMANDU plan.

■RON95 petrol price will increase by RM0.05 to RM1.85.

■RON97 petrol will be put on a ‘controlled float’. I’m not sure what the price will be after midnight. Will it be up by RM0.05 to RM2.10 per liter or will it go up by a larger margin? - now i know it's up by 30 sen i think.

■Diesel will go up by RM0.05 as well, which means the diesel price that you and me will be able to get at the pump will be RM1.75 per liter. However the government also says the RM0.05 hike is for all sectors so fishermen and etc will feel the hike as well.

■LPG Natural Gas will go up by RM0.10 to RM1.85 per kg.

■Sugar will go up by RM0.25 per kg to RM1.75.

Seriously guys, based on an average full tank of 50 liters, you’re only going to save RM2.50 if you rush to the pumps to fill your motor vehicle up today. It’s not worth it, please don’t clog up the fuel pumps and the roads around the pumps and make the roads a living hell for less calculative motorists!
Alhamdulillah, there was no "stampede" to fill up petrol at the petrol stations. My tank was running very low so I guess I'd might as well fill up, the Petrol station is right next to my neighbourhood so it would take much time. I am happy to say that there was no bee lines to the petrol pumps. In fact things were quite normal:

All pumps were occupied but there was no bee line thank God...