When will the petrol price increase?

Guess that is the question that is bothering everyone in Malaysia right now. India, Indonesia and China has announce the price increase and when will Malaysia announce it? The Malaysian government is making effort not to increase the petrol price by taking steps like not allowing foreign car to buy fuel in Malaysia.

Very obvious the government does not want to increase the price due to the previous election result. Due to the ego of the government many more will suffer. In my point of view why still continue to subsidize the fuel price when it takes up big portion of the government revenue.

We cannot avoid price increase in many items due to the transportation cost to bring in the item to Malaysia. Price of food has increase and many imported food will follow coz transportation cost has increase. To me it's better the government spend the money to subsidize on food items. It's better to feed the people rather then the machine.

Price of rice has gone up double. And the lower income will suffer. Fuel is not the priority of the lower income category coz most of them do not have cars or motobike. So how can we help the lower income by maintaining the fuel price. They need food not fuel.

For me working in a food company, we've faced numerous price increases. Many of the price increase is due to the increased transportation cost. Raw material which is imported to Malaysia will increase as international crude oil price is not determine by Malaysia. If the exporting country increases the fuel price automatically the raw material price will increase. My point here is that Malaysia alone cannot control the food price hike by controlling the transportation cost in Malaysia itself and people need food more then fuel.

Maintaining the price of rice is more important then maintaining the fuel price. Why not spend the money to subsidize Rice instead. Petronas is making so much profit from the current scenario. Why not reduce export and increase domestic allocation as the crude oil is drilled from Malaysian ground. Cater to the local needs first