Recap and personal comments on Debat Minyak Datuk Seri Anwar and Datuk Shabery (PART 1)

Watching the first ever gentlemen duel between two of Malaysia’s top political figures, Datuk Seri Anwar Ibrahim and Datuk Shabery Cheek, I couldn’t help taking down some notes to be used as materials for my blog.

My notes were really long but for the purpose of readability (if it was too long, people are going to doze off!), I’ll break them into a few parts…

The topic of the debate was “Hari ni bentuk kerajaan, esok turun harga minyak“.

So, where to start? First of all, allow me to begin by saying that my opinions might be a bit biased. Biased in a sense that I believe fuel price hike is inevitable and I don’t believe that it is sustainable to keep petrol prices at the bowser down. Especially in the current market environment.

First criticism is directed towards Datuk Seri Anwar Ibrahim. He kept on screaming out about Pakatan Rakyat‘s intention to slash the petrol price. My question is, from which point? Before the election, it was said that they will slash the petrol price if they were elected into office. So, that means, slashing the petrol price from the then RM1.92. However, during the debate night he instead said that they will slash the price from the current price (RM2.70) by 50 cents. So, that means, from RM2.70 to RM2.20 and not from RM1.92 to RM1.42. In effect, that’s also an increase in petrol price. An increase from RM1.92 to RM2.20! What happened to the promise before the election about slashing petrol price? Granted, Barisan Nasional also promised not to jack up the price, so in this case, both parties have broken their promises.

Addressing the 50-cent price cut, Datuk Seri Anwar also looked reluctant to talk about further price cuts. Does that mean that Datuk Seri Anwar is aware of the fact that like it or not, petrol price has to increase?

Datuk Shabery also addressed the issue of price cuts in which he said that if prices were maintained at RM1.92, billions (sorry I didn’t catch the actual figure) will need to be spent in forms of government subsidies. In effect, which is in line with my own argument, you will be using funds that are supposed to be spent in other areas.

Another argument was of Petronas’ market share of 40%. If the government were to maintain subsisidies to keep price at RM1.92, that means, a huge sum of money will be given to foreign oil companies. These companies will win without doing anything much.

Datuk Shabery also went on comparing us with other countries like Norway in which Datuk Seri Anwar got agitated, saying it was not right to compare us with a developed nation such as the Norway.

Hang on a minute… I still remember vaguely about a ceramah when he went on to compare the price of Durian here in Malaysia and Japan!

However, I noticed that Datuk Seri Anwar has failed to address the problem of subsidising the foreign companies that control 60% of market share. He instead went on to say about helping the “petanis” and the “nelayans” and criticised government’s attitude of using the word incentives when helping Government-Linked-Companies (GLCs) and subsidies (which is a rather ‘dirty’ word) when assisting the “petanis” and the “nelayans”.

My point is, Datuk Seri Anwar should have talked about whether or not giving free money to the foreign companies is fine. To me, if it was agreed to be alright, that constitutes to a rather idiotic way in spending the hard-earned rakyat‘s funds.

To be continued in Part 2…

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About nadlique

This blog is about the journey of a 28-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general.

Comments

  1. Heyya.

    just my 2 cents okie.
    Just watch it once while playing my ds lite.Haha.Had not done a proper revision.=P.

    first of all,i think what anwar tried to say was he had the idea of slashing oil prices 50cent lower.Be it when it is at 1.92 or higher.
    anyway.50 cent lower from $2.90 is a heck lot better aite?

    I see Shaberi had also a point there about government subsidies.But did anwar ever talk about taking it from what the government already had?

    he talked about ways that we can get the needed amount of money from.
    1)One regarding the kebocoran from TNB.
    2)there is one more tapi aku lupe boleh?

    and about durian thing??It it quite unrelevant aite?
    durian and inflation rate is two different things aite?

    I do not see why he should not say that it is not right to compare norway’s/finland’s inflation rate with malaysia’s.Even i thought of that when shaberi mentioned it.

    and from what I remembered,anwar said that it is inevitable for the oil price to hike. what is unacceptable is the gargantuan hike made by the government.not that he said that oil price should always maintained its price.

    righto.
    itu sahaja.
    sekola sudah mahu start.saya bersedih.hahahaha,

  2. Hello 🙂

    There’s actually a huge difference between slashing the price from RM2.70 (current price) and RM1.92. Before the elections, the opposition had maintained that petrol prices will be slashed (that means a cut from RM1.92). I’ve got the pamphlet if you want to have a look. But on that night, Datuk Seri Anwar only mentioned about slashing 50cents from RM2.70 to RM2.20. Yes, it is better than the RM2.70 that we are facing right now but the fact is clear, RM2.20 is still an increase!

    Regarding where to get the 5 billion (or was it 6 billion) to maintain subsidies, he said 2 billion can be sourced from IPP. All that matters now is to find another 3 billion (or 4 billion) ringgit. He should substantiate further on where to get the remaining amount of money. I don’t think it is wise to say, oh, jimat sana, jimat sini, kita dapat lagi 4 billion.

    Talking about Durian, in the ceramah that I listened to, he himself was comparing about Durians and Oil. He was comparing between the prices of oil in a net exporter country and net importer country. He then went to give an example of durians sold in Malaysia versus durians sold in Japan (Malaysia being net exporter of Durian and Japan being net importer). During the debate, he said it was not right to compare between Malaysia and Norway. I can then also say it is not right to compare between Malaysia and Japan. Japan is also a developed country like Norway am I right?

    Durian and inflation? Well, an increase in prices of goods and services lead to an increase in inflation.

    With regards to the gargantuan hike, yes, it is unacceptable. However, one also needs to look at the current crude oil prices. Price of crude oil has increased by, give or take, around 80% since last year. Yes, the government, can maintain a much lower price than RM2.70 but like what Datuk Shabery said, are we willing to give free money to foreign oil companies that control 60% of the domestic market?

  3. hahaha.apasal terbanyak keluar???okie delete the first two.draft aje tuh patutnye.last one tape.

  4. terbanyak keluar ape? comments? actually ada tiga ke empat tadi, dah delete dah a few. hehe. nanti delete another one.

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