More questions arise over “dirty float” system, show us the calculations

LCTcampaignDAP dismissed the government’s explanation on the diesel fuel hike, urging Domestic Trade, Cooperatives and Consumerism Minister Hasan Malek for the “mysterious formula” behind the managed float system.

Hasan Malek had reasoned that the diesel price hike was due to a higher processing for diesel compared to RON 95 and RON 97 – which Kluang MP Liew Chin Tong says “he does not believe”.

“Show us the formula.”

“We don’t believe in this “dirty float”,” said Liew, asking that the government exercise transparency and reveal the way the new prices for fuel are achieved.

It was reported today that the reason the price of diesel went up while RON 95 and RON 97 had gone down was that the processing cost for diesel was higher. Hasan also said that the price increase was to offset previous subsidies imposed on diesel.

Liew believes that this amounted to tax, for previously spent subsidies on fuel.

Price of RON 95 should be much lower compared to RON 97

Seputeh MP echoed a similar concern derived from the small difference in price between RON 95 and RON 97.

“Why is there only a difference of 20 sen between the two petrol types if there is no sales tax imposed on RON 95?”

“Or has the past tax exemption been taken into consideration?”

Teresa Kok said that the government had on numerous occasions said that no sales tax was imposed on consumers for RON 95. However, the sales tax of 58 sen is imposed on RON 97.

teresa-kok-medical-studentsAccording to Teresa Kok, the sales tax, added to the presumed higher cost of processing RON 97, should amount to RON 95 being more than just 20 sen cheaper than RON 97

“Is Hasan going to say that it is cheaper to produce RON 97, the premium grade?”

“So much cheaper that even with the imposition of 58 sen sales tax, it should only differ by 20 sen from the RON 95 price?” she questioned.

She also found it “shocking” that Hasan Malek’s explanation that 3 sen increase in diesel price was due to large amounts of subsidy given out by the government before.

“His answer was shocking to Malaysians who have thought that only market forces will determine the new prices under the new managed float system.”

She asked also if the managed float system was used as a tool to recoup past subsidies incurred by the government.

rafizi ramli petrol hikeGlobal crude oil price plunge does not show in Malaysian consumer price

Weighing in on the doubt in the managed float system, Pandan MP Rafizi Ramli believes that that small drop in fuel prices was to ensure oil companies earn up to 30 sen for every litre of RON 95 petrol sold.

Added to that, he too, asked Putrajaya to make public the formulas and figures behind the managed float system that the government had imposed on fuel after the elimination of subsidies following the steady plunging of fuel prices.

Rafizi said that though Brent crude oil prices have reduced by 35.2 percent last week and the average price of crude oil in November 2014 dropped by 27.6 percent, consumer fuel prices here did not reflect the aforementioned global changes in price.

“Barisan Nasional only decreased the prices of RON95 by 1.7%, RON97 by 3.5%, and increased the price of diesel by 1%,” said Rafizi.

In their push for transparency, the PKR and DAP have urged the government to release all the details behind the calculations in the managed float system for fuel to enlighten the public on the unseen costs that result in the final fuel prices that consumers pay for. –The Rocket

17 comments on “More questions arise over “dirty float” system, show us the calculations

  1. BN, O&G conpanies, petrol kiosks, private sector, public sector

    can reduce $$$$$$$ if they :

    Reduce $$$$$$$ spent on wasteful petrol spend promotions

    Reduce wasteful self-conflicting adverts – these have been known to cause road accidents, etc

    Stop vote buying in various forms e.g.

    freebies to selected groups funded by BN

    Many previous feedback have fallen on DEAF ears til now….

  2. Minority shareholders’ / taxpayers’ interests have NOT been

    protected til now.

    Sabotages & job / discrimination of businesses that do NOT pay

    bribes / persons OUTside of corruption ring / network continued for

    MANY years.

  3. The above came in various forms & were NON-stop.

    We used to support BN during elections, & during improvement


    All turned out to be hoax.

    Lives continued to be compromised.

    “Stop Unsafe work” company policy is also a show ONLY.

    Many reminders about potential safety disasters were made over many years.

    Lack of maintenance were reported MANY years ago.

  4. EXPENSIVE e-questionaire, seminars, workshops, so-called 3rd party surveys, etc used to discriminate against / disadvantage eligible candidates / staff.

    Poor work communication & practices were rewarded.

    Shorter working week, flexible working hours ONLY for selected groups e.g. malay housewives to supplement their income,
    those in their network / downline.

    Linked in also part of their modus operandi for very long.

  5. Brain drain encouraged.

    Talentcorp part of their modus operandi e.g. tax exemption for those returnees to benefit their car businesses

    MANY ways to fund elections, etc

    Murun Dam saw Taib blocking EIA
    & 2 employees intimidated to death by MACC or used as pawn AFTER
    site personnel get killed…

  6. Yes, a lot of blockades whilst

    alot of money moving between pockets BEFORE & AFTER elections.

    Alot of gifts, waived loans, sponsorships, including in public & private sector including to religious teachers / leaders.

    A lot of our money spent on their campaigns to promote each other whilst smearing others.

    ALl key organisations, leaders need to show INCOME & EXPENDITURE & sources of sponsorship / gifts, waived loans.

  7. ALOT of similar activities like Murun Dam in many sectors…

    Feedback from various corners was that programming was sabotaged also….

  8. by respective groups.

    Spend less money on UMNO & similar bloggers.

    Use money where it was officially supposed to be used.

  9. OUR National wealth / shareholders’ money / unit trusts’ investments ALSO being used to spend on
    old time / long term employees’
    NON-stop seminars, workshops, training, other illegal instructions, etc.

    NO proper working / cooperation throughout that time.

  10. WIDE network of supply chains + supporting network to bleed the respective coffers dry..

    WORLD truth also mentioned similar mafia style in US Police e.g. good cops get harrassed, threatened, fired, etc.

    How did this Police Chief who exposed this publicly get promoted to where he is withOUT the same ?

    FBI investigating this NOT likely to be 100% clean either.

  11. Safer NOT to make public.

    Just want to make sure things are done.

    Feedback about sabotage + intimidation was being discredited by them
    as ” mental illness, nervous disorder, schizophrenia, bipolar disorders, etc “

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