Anwar Ibrahim calls for a reduction of retail prices of gasoline. I’d imagine such call would introduce greater subsidy to already heavily subsidized prices in Malaysia:
Kerajaan sepatutnya merendahkan harga runcit petrol di Malaysia berikutan penurunan harga minyak mentah sedunia, keuntungan Petronas yang meningkat dan kadar inflasi yang tinggi.
It roughly translates to:
With respect to global price drop of crude oil, rising profitability of Petronas and high inflation rate, the government should lower the retail price of gasoline in Malaysia.
There goes half of the support I had for him.
2 replies on “[981] Of Anwar Ibrahim calls for more subsidy”
Wow.. I guess I’m not the only crazy one that thinks increase in petrol price is okay. haha!
Unfortunately most of our opposition politicians are the kinds of people who care nothing for economic theory. Then again, I suppose the same can be said for politicians anywhere around the globe. Sigh.