Not satisfied with oil price hike

The Federal Government finally announced price hike for three types of fossil fuels, sugar and cooking gas. Ron 95 gasoline and diesel will increase by 5 sen per litre, Ron 97 gasoline will be floating based on international price, LPG will increase by 10 sen per kilogram and sugar will increase by 25 sen per kilogram.

I have mixed reaction on such hike. I agree that price hike for some items like sugar and Ron 97 gasoline are timely decisions. However, price hike for Ron 95, LPG and diesel are surprising me. I believe that the Federal Government would have made Ron 97 sold based on international price and keep Ron 95 gasoline as subsidized fuel for many poor Malaysian families. LPG will also see price hike and would this mean more Malaysian families would choose to use electric cooker rather than cooking gases? Would this affect profit margin of restaurants and coffeeshops?

Be it as it may, I still find the reasons given by the Federal Government grossly unaccepted.

First, the Federal Government claimed that it has sought opinions and feedbacks from the people nationwide before they decided so.

Secondly, it was told that the saving will enable the Federal Government to move forward to enhance living standard of the poor. The Federal Government also uses term like

Thirdly, it was told that the Federal Government is concerned about the people's health that a price hike in sugar is unavoidable.

I think the most convincing reason given by the Federal Government is the price hike for sugar but I think the increment is insignificant to stop Malaysians from consuming more sugar, knowing the fact that Malaysians won't stop consuming sugar just because sugar is sold at a higher price except if there is a significant price difference before and after.

Still the Federal Government has a lot to answer on fuel price hike. Petronas contribute most to the Federal Government's coffer but we see wastages and mis-management of the oil money we earned. If such billions of ringgit are put into good use, Malaysian will be a fully developed nation.