Diesel price hike: Feeling the pressure at the pump? Here's What You Need To Know (Malaysian Edition)

Feeling the Pinch at the Pump? Malaysia's Diesel Dilemma Explained (and How to Cope!) Diesel prices in Malaysia are skyrocketing, leaving many wondering what's next for their wallets. We break down the recent subsidy cuts, why it's happening, and the potential impact. Plus, tips on saving on fuel and making your voice heard! #DieselPrices #Malaysia #CostofLiving

LIFE

6/17/20243 min read

Hey guys! Let's talk about something that's probably on everyone's mind lately:

The recent rise in diesel prices.

It's no secret that filling your tank these days feels like emptying your wallet faster.

But what really happened and how does it affect us?

Let's open sensibly, Sambil kita lepak (cool down).

Diesel prices are on a rollercoaster

Remember the good old days when a tank full of diesel didn't hurt?

Well, those days seem to be fading in the rearview mirror.

The government recently decided to remove the blanket diesel subsidy, which basically means that the price is no longer controlled.

This represents a massive increase of RM3.35 per litre, a 56% increase! Oh!

Muhyiddin feels the acid, we feel the pinch

Perikatan Nasional (PN) president Tan Sri Muhyiddin Yassin is not exactly thrilled with the change.

He, like many of us, is concerned about the impact this will have on ordinary Malaysians.

Inflation is already hitting hard and this price increase feels like another blow.

Imagine having to choose between putting food on the table or filling a truck to bring your product to market.

This is the kind of pressure that many people are facing right now.

"We did our part", says ex-prime minister

Muhyiddin also highlights an issue that many have discussed.

He warned of the need for a more targeted support approach already as prime minister.

The idea was to ensure that those who really needed support received it, preventing abuse and leakage.

Did it happen? Well, this is a question that many people ask.

The Great SKDS Gamble: Will It Work?

The government's answer to targeted subsidies is the Diesel Subsidy Control System (SKDS).

Here's an idea.

Qualified people such as farmers and smallholders can apply for the Budi Madan scheme.

This program offers a monthly cash transfer of RM200 to offset the price increase.

Sounds good on paper, but there are concerns.

Muhyiddin and many others are sceptical.

The application process seems rigorous and it is possible that many who deserve help will miss out.

Even for those who qualify, RM200 may not be enough to cover the huge price tag.

The worry is that the cost burden will ultimately fall on consumers, driving up prices across the board.

Think your roti canai is more expensive or your baju raya costs a little more, that kind of thing.

Is there light at the end of the tunnel?

The situation is undoubtedly complicated.

The government claims that this measure is necessary to "save the country".

They say they had no choice, even though it was an unpopular decision.

They also claim that previous governments agreed to allocate subsidies but lacked the "political will" to implement them?

If you're struggling with prices, see if you're eligible for the Budi Madan scheme.

Talk to your local representatives, share your concerns and hold the government accountable.

We can also support local businesses, especially those most affected by rising prices.

Remember, every ringgit counts!

Look Ahead: Prepare

Muhyiddin warns that this may just be the beginning.

Rumor has it that RON95 support might be the next revision.

It's good to be prepared and adjust your spending habits if necessary.

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The diesel price hike is a blow, but it is not the end of the road.

If we stay informed, support each other, and hold our leaders accountable, we will get through these difficult times.

Remember we are all in this together.

So, jom kita sama-sama (let's work together) to weather this storm!

Feeling the Pinch at the Pump? Malaysia's Diesel Dilemma Explained (and How to Cope!)

Diesel prices in Malaysia are skyrocketing, leaving many wondering what's next for their wallets. We break down the recent subsidy cuts, why it's happening, and the potential impact. Plus, tips on saving on fuel and making your voice heard! #DieselPrices #Malaysia #CostofLiving