Wednesday, June 04, 2008

My car is going to COMMIT SUICIDE! HELP!!!!!!!!!!!!!!

Mr. Gomen! What's happening? What's up with the sudden price hike?

Just in today morning's news, they announced that there will only be a new price come August. But now? It is already going up RM0.78 in 3 hours time! OMGWTFBBQKNNCCBPKHLKTNSMCH~!@#$%^&*~!@#$%^&!!!!!!!!!!!

The better part of this is now, by August, price will be double of what it used to be? Does this mean wages will be doubled up too? Can my tuition fees be reduced by half? I mean, logically, it is supposed to be this way isn't it? Anyway, it will NEVER happen, all of us know! Sigh...

More of the news can be read here. The Star, The New Straits Times &

Besides all that, the govt has also promised to give a rebate of RM625 anually to owners of cars with the capacity below 2000cc and pick-up trucks and jeeps with the capacity of below 2500cc. Motorcyclist with their bike capacities below 250cc will receive a rebate of RM150.

Car owners of larger than 2000cc capacitiy will receive a discount of RM200 in their road tax(there goes my dream of getting my beloved BMW M5). Where as bike owners whom bikes are above 250cc will have RM50 minused of their annual road tax.

All this happened again partly thanks to our friendly neighbours who comes in very often to our country for business and shopping. And then on their way back, suck up some of our country's subsidised petrol. Or maybe, Mr. Gomen is just using this as gimmick to increase the rate. Maybe? Maybe not? Let's not speculate much here. What's done's DONE!

Let's do some calculation here.

Rebate = RM625
Amount in litre = RM625 / RM2.70(new price) = 231.48 litres
Amount in litre in a month = 231.48 / 12 = 19.29 litres

Supposed you are an average traveller like me, I use about RM250 of petrol in a month.

Amount used a month = RM250 / RM1.92(current rate) = 130.21 litres
Amount after subsidy = 130.21 litres - 19.29 litres = 110.92 litres

New petrol price for users like me for 1 month,
= 110.92 litres x RM2.70
= RM299.50

Therefore, after minusing the subsidy that's like a pity to us. I will now have to spend about RM50 extra a month in petrol which is a 20% increase from the previous rate.

Scenario 2:
B is a sales person. He travels an average of 150km per day everyday to meet up with clients or even to service his(products) clients. Let's see how much petrol does B have to pay in this new rate.

Calculations and done based on a general fuel comsumption of 10km/litre.

Amount used per day = (150 / 10) x RM1.92(old rate) = RM28.80
Amount used in a month = RM28.80 x 30 = RM864.00(old rate)
Amount of petrol used in a month = RM864 / RM1.92 = 450 litres

With the new rate;
Amount used after subsidy = 450 litres - 19.29 litres = 430.71 litres
Therefore, the new rate that B pays is;
= 430.71 x RM2.70
= RM1162.92(Wow!)

B pays a diffrence of RM298.92 which is a 34.59% increase from the previous rate.

This concludes that the higher one's petrol usage is, the less he/she will benefit from the rebate. In conclusion, rebate . . . . WE WANT SOMETHING MORE THAN THE REBATE! What about reduced road tax & tolls + the current rebate?!

Prior to that, definitely, prices of everything else will increase, i.e. FOOD. Sigh...

I will now have to live on the Bible promise in

Matthew 4:4 Jesus answered, "It is written: 'Man does not live on bread alone, but on every word that comes from the mouth of God.' "

Oh yah, if you didn't know, the govt decided to increace the electricity tariffs by 18% for homes and 26% for business owners.

"He also said that Tenaga Nasional Bhd would be raising electricity rates by 18% for homes and 26% for business users." Pak Lah from The Star.

Why oh why?

Sigh... God bless!

Other bloggers who are also furious about this price hike!

2. 3iLinG
3. TV SMITH'S Dua Sen to save fuel!


YeinJee said...

For proper calculation, the rebate should be divided to the increment (0.72) and not the full price... and you might find out that less frequent user might actually untung instead.

wEtwEtwAtEr said...

true true..

KY said...

time to diet? lol

-eiling- said...

Now isnt it time to import fuel efficient bikes from India which can run up 90km distance only on 1 litre of fuel?

wEtwEtwAtEr said...

That doesn't really help in solving the problem IMHO.

Taxes and toll rates should be reduced to lighten the already very heavy burden.

Jacky said...

hmm.. interesting calculations. To sum up, we're in a deep shit.

RealGunners said...

am just blog hopping..

anyway, i'm sad to say that, u got it wrong, wrong, wrong!

that's not the correct way to calculate for malaysians..

the correct, correct, correct way to put it, being a typical MALAYSIAN, is:

we still pay RM0.78/litre more for our petrol.. the RM625 we get will subsidise new handphone/new camera/VIP pass for concerts etc

so no, in terms of the rebate helping out with the higher petrol price, it doesn't help at all..

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