Friday, April 21, 2006

When the SHIT hits the fan

Making a promise is one thing. Making a promise to keep a promise is another. ;-)

"PUTRAJAYA, April 21 (Bernama) -- The government expects to be placed under more pressure by the continuing rise in world oil prices as it will have to allocate a higher subsidy for fuels, Prime Minister Datuk Seri Abdullah Ahmad Badawi said Thursday.

He admitted that the price of crude oil which had exceeded US$70 (RM256.20) a barrel would cause much difficulty to the government.

The Prime Minister said the government was monitoring the situation closely before taking any decision to "make adjustments" so that certain domestic sectors would not be too adversely affected by the situation.

"I am aware that when we increased the price of fuel recently, we promised it would remain unchanged until the end of the year," he said after a meeting here with about 1,000 senior government officers on the implementation of the Ninth Malaysia Plan.

The government raised the pump price of petrol and diesel by 30 sen a litre and liquefied petroleum gas by 30 sen a kilogramme in March to save RM4 billion in subsidies.

Abdullah said the RM4 billion subsidy saving might not be realised now with the latest increase in crude oil prices.

He also said that the government would not follow the path of Thailand which strengthened its currency as a strategy to curb inflation there which rose to 5.7 per cent last month.

The inflation rate in Malaysia in February increased to 4.8 per cent."


One thing leads to another to our transportation system which may remain screwed for a little longer.

This is getting shittier, man. And some is starting to hit the fan!

1 Comments:

Anonymous Anonymous said...

Lo! Behold! I see some shit on my shirt already!

9:08 AM  

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