pywong
7th December 2008, 12:17 PM
FOMCA: Govt getting windfall of RM 7 B from petrol tax. Should channel to public transport.
KUALA LUMPUR: The Government is set to get windfall gains of up to RM16mil per day based on yesterday's crude oil price of US$44 (RM158.40) per barrel and a consumption estimate of 27.5 million litres per day .
This windfall comes about because the pump prices of fuel have not been reduced enough to reflect the lower crude prices, oil analysts said.
This has prompted the Federation of Malaysian Consumer Associations (Fomca) to request the Government to reveal how it plans to spend the windfall revenue.
Its secretary-general Muhd Sha'ani Abdullah urged the Government to invest the money in public transportation for the benefit of everyone.
.....http://thestar.com.my/news/story.asp?file=/2008/12/6/nation/2736651&sec=nation
KUALA LUMPUR: The Government is set to get windfall gains of up to RM16mil per day based on yesterday's crude oil price of US$44 (RM158.40) per barrel and a consumption estimate of 27.5 million litres per day .
This windfall comes about because the pump prices of fuel have not been reduced enough to reflect the lower crude prices, oil analysts said.
This has prompted the Federation of Malaysian Consumer Associations (Fomca) to request the Government to reveal how it plans to spend the windfall revenue.
Its secretary-general Muhd Sha'ani Abdullah urged the Government to invest the money in public transportation for the benefit of everyone.
.....http://thestar.com.my/news/story.asp?file=/2008/12/6/nation/2736651&sec=nation