Monday, January 07, 2008

Fuel price: Attack by Najib shows strong support for price reduction

KUALA LUMPUR, Jan 4 (ES) - Recent attacks by deputy Prime Minister Datuk
Seri Najib Razak to the opposition's calls for fuel price to be reduced
suggests widespread public support to the proposal.

Islamic Party of Malaysia (PAS) vice president Datuk Husam Musa said the
Federal government under the leadership of Prime Minister Datuk Seri
Abdullah Badawi however remained recalcitrant to the call to ensure
enough there were enough funds to finance closed tender projects.


Husam said as a net exporter of oil, the country stands to gain profit
from the increase of oil prices worldwide. The national oil company
Petronas reportedly earned some RM76 billion pre-taxed profit for last
year alone.


Petronas recently announced a 7.7 percent rise in net profits for the
half year to September.


"Therefore our country would not go bankrupt (if oil prices were reduced
locally)," Husam said during a two hour pre-election briefing to
Harakah’s staff here today.


Fuel hike after general election?
Husam who is also a Kelantan exco member noted numerous closed tender
projects financed by the Federal government which lead to "leakages".


He said such closed tender projects contributed to overspending by several
federal government ministries which exceeded their "ceiling" allocation as
documented in the last general auditor report.


He also said Abdullah’s assurance that the government would continue to
subside fuel price at the current rate as long as it is able to do so,
only hinted at a possible fuel price hike after the next general
election.


Najib’s attack which was made in Sabah recently, has also prompted PAS
youth chief Salahudin Ayub on Wednesday Jan 2 to challenge the deputy
premier to a live telecast debate.


Najib however has yet to respond to the challenge.-Saadon Aksah/ES

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