PAS president Tuan Guru Abdul Hadi Awang describes BN’s decision to hike fuel prices as extraordinary as there is no sign that global crude oil price is trending upward over the past two years.
“There’s no upward trend in crude oil prices over the past two years. In fact, there is no change in OPEC (Organization of the Petroleum Exporting Countries)’s quota for petroleum,” said Hadi in a statement Sept 4.
According to the Marang MP, OPEC has kept oil output at 30 million barrels per day over the past two years.
Together with shale oil production from United States that is expected to increase from 7 to 9 million barrels a day, Hadi said the crude oil market should remain stable.
“Based on this fact, it’s illogical for Malaysia to increase fuel prices because there’s no pressure from the market,” he stressed.
As such, Hadi said the recent fuel price hike was BN’s on-doings, citing the country’s ballooning debt and expenditure due to the wastages incurred during the 13th general election.
“This is confirmed by the latest Fitch’s rating downgrade (on Malaysia’s sovereign debt from ‘stable’ to ‘negative’),” he said.
The decision to hike fuel prices showed the welfare and interest of the people are the least concern for BN government, added Hadi.
“The people must take lessons from this and ponder ahead on the country’s fate should it continues to remain under this corrupt administration,” he advised.
PAS, he said, would discuss on the measures to alleviate the pressure on the people arising from the fuel prices hike.
RON95 and diesel were increased by 20 sen to RM2.10 and RM2.00 a litre. The sharp spike has triggered transportation companies to demand the government to allow adjustment to their current fares.