Thursday, May 19, 2011

propose fuel hike!


The statement came following Domestic Trade, Cooperatives and Consumerism Minister Ismail Sabri Yaakob’s hint yesterday of a possible hike in the basic grade fuel price as the government desperately aims to cut its hefty subsidy bills.


Signs that the government are preparing for more subsidy cuts had been made clearer when Deputy Prime Minister Muhyiddin Yassin said this morning that the government could not sustain its subsidy cost.


Persoalan kenapa harga minyak sentiasa naik? What it got to do with govt subsidies and all that. I try to figure it out and I found this article on Paultan website regarding hubungkait rege minyak dan subsidies. Encik paul pon dapat mende neh dari website kerajaan.


This fact is based on Economic plan unit, PM department. This is backdated, but to get the real picture, is good to start from the beginning of the story.


According to WTI, in Oct 2004 it reached US$51 and in 2005 it went up to US$67 per barrel. It keeps increasing every year.


Sebab ape pulak asik naik, kt leh tgk dari segi ekonomi ia satu percaturan mudah untuk seme kita paham


1. The existence of a tight market due to the small margin between production (83.0 million barrels per day(bpd)) and demand (82.5 million bpd)

2. High demand for oil by China, India and the United States

3. Uncertainly of supply in some OPEC (Organization of Petroleum Exporting Countries) countries

4. Adverse weather conditions such as Hurricane Emily in Mexico, affecting oil production

5. Speculation on oil prices.



Dan ramai orang selalu tanya kenapa kita negara pengeluar pun kene naikkan harga.


wpon kita negara pengeluar tapi harga pasaran minyak ditentukan oleh DD and SS pasaran antarabangsa.


Bukan kita yang control. Kita juga bukanlah anggota OPEC which has control over market price and these countries set the oil production level. Antara negara yang anggotai OPEC Algeria, Ecuador, Indonesia, Iran, Iraq, Kuwait, Nigeria, Qatar, Saudi Arabia, UAE dan Venezuela. OPEC Basket Price adalah average of the oil price dari semua negara2 ni dan diguna untuk pantau keadaan pasaran minyak dunia.


Dan menurut sumber useconomy.about.com, OPEC price lagi murah berbanding WTI dan Brent Blend coz the oil from some of the countries have higher sulphur content and less useful for making gasoline. Compared to WTI which has low sulphur content, light-weight and excellent properties to make gasoline.


Ada pendapat kata kita pakai Brent Oil, minyak ni mahal dari OPEC dan minyak kita banyak dieksport keluar kerana berkualiti tinggi. secara logic, untung dari eksport tu sepatutnya mampu tampung sabsidi.


Kalau petroleum naik harga, harga diesel, petrol dan LPG gas memasak pon turut naik. in turn semua harga di pasaran terutama barang2 keperluan lain turut sama naik.


Menurut report tu lagi, govt memastikan harga minyak kita murah dari negara jiran adalah dengan pengecualian cukai jualan dan sediakan subsidi.


Subsidi ni mampu merendahkan kos operasi nelayan dan operator kenderaan sungai di sabah Sarawak.


Jom kita ke arithmetic process untuk proses pemahaman selanjutnya (ak dulu cita2 nak jadi cikgu matematik)


Petroleum Products Cost + Operational Costs + Margin for Distributors of Petroleum Products + Commission for Owners of Petrol Stations + Sales Tax – Subsidies = Retail Price


Subsidi dibayar kepada pengeluar dan penjual. Nilainya ditentukan oleh State of Govt finances.


Betul katanya kalau harga minyak di pasaran global naik maka akan menambah pendapatan negara pengeksport. Tapi x bijak la kalau semua kerajaan pakai untuk tampung sabsidi minyak. Tapi for short term aje .. medium term kenaikan harga ni akan juga bagi kesan pada ekonomi dunia. Yang ni ak x paham secara zahir, dah timbul persoalan kat aku pulak…emphh


Tambahan pula negara kita juga kene import untuk memenuhi keperluan domestic.. ni maksudnya negara xleh tampung keperluan rakyat jadi kene import.


Impact of subsidies on govt finance, tanpa sabsidi fiscal deficit boleh dikurangkan which in turn can reduce its borrowings. Katanya contributions by Petronas hanya cukup untuk tampung fuel subsidies.


Jadi rakyat kene terima hakikat ini :


If the rakyat and Government can share the cost of rising fuel prices, thus reducing the need for subsidies, a part of the contributions from PETRONAS can instead be directed to generate new sources of income.


Atas sebab kenaikan pasaran dunia maka kerajaan terpaksa menaikkan sabsidi dan tax to match the rise in product cost.


Khairy (si bijak) said on yesterday report, govt should not raise the oil price due to the rakyat or voters are now killing to cope with increasing food price.


He said govt should focus instead on saving management cost, increasing productivity and efficiency before cutting fuel subsidy.


Kat sini kita rujuk pada ekuiti negara yang jumlah kasarnya mampu tampung sabsidi. Selain tu banyak lagi sumber2 lain yang boleh tampung beban sabsidi, ntah mana dibazirkan pon kita x tau. Jadi sebagai rakyat marhaen memang terhimpit dengan kenaikan minyak yang menurut law of supply semua barang keperluan asas turut akan berganjak naik, tak sikit, banyak.


Only one who is really sure with proof knows.


sekian laporan audit negara. abeh la pitih tiap kali panah enjin keto! nok tubek mano tuuu? nok perabih pitih kow?

wacana perdana di kelantan yang da lama tapi sikit menjawab soal subsidy.


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