Malaysian Trades Union Congress (MTUC) is disappointed with the price hike of petrol and diesel, which increased 15 cents, where it is believed that the increase is highest this year. As all of us knew, the current price is higher than January prices of RM1.85 (RON95), RM2.25 (RON97) and RM1.60 (diesel).
MTUC believes that the increase is related with government’s policy of subsidy restructure. MTUC is also believes that the price increase of petrol and diesel is not a practical move as it would contribute towards negative consequences on people life.
Therefore, MTUC strongly views that the increase is not justified as it would further burden the rakyat, who are facing serious rising cost of living. Various parties will take opportunity to increase price of goods.
Rather than revising the subsidy and allow the price of fuel to go up, MTUC is hope that the Federal Government will introduce attractive and constructive plans to overcome the cost of living. This is also the people’s hope.
As such, we want the government to cushion the petrol and diesel prices by subsidising them accordingly. This includes using GST collections, which reported RM30 billion as at October 19, 2016. This was announced by the Prime Minister when tabling the Budget 2017 on 23 October 2016.