It’s 12.01am in Malaysia (+8 GMT); it’s a start of a new petrol price. The new price is MYR 2.70 per liter (for petrol grade: RON 97) – increase of MYR 0.78 per liter or 40.625 % (note: MYR 2.70 = USD 0.83 = EUR 0.54).

It drove all Malaysians crazy. This is the first time in my life; I saw motor vehicles queuing up to 2 km for the old price.

Till today, I don’t understand why we are affected by the global petroleum price hike. Thru our oil and gas company - Petronas, we are exporting high grade crude oil (meant for jet fuel) and importing low grade crude oil (meant for domestic motor vehicles usage); and from these activities Petronas is making tons of profits. It is a real cash cow company. Malaysians should enjoy this benefit!

I’m thinking of two options:

1. Replace the current Prime Minister Abdullah Ahmad Badawi. This is the second time he announced price increase. His brain capacity probably is just 50% of our last Prime Minister Dr. Mahathir Mohamad.
2. Petronas should consider stopping sponsoring the BMW Sauber F1 Team and use this money for the public. We gained nothing from this F1 sponsorship.

Yes, I sound angry. 40% of petrol price increases will soon to be 40% of food price increase. Emmm, difficult life ahead.