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Jun 7, 2008

Anwar says fuel price hike ‘unconscionable’

malaysiainsider - [...] peaking at a forum in Manila yesterday, Anwar noted that Malaysia is a net exporter of petroleum, which annually generates "huge resources and profit."

"To decide summarily, without regard to the plight of the vast majority, particularly the poor and the marginalised, to me, is unconscionable," he said.

In Kuala Lumpur, Domestic Trade Minister Shahrir Samad said yesterday that the government will not revise the price increases despite opposition protests, but gave an assurance that there would not be further hikes anytime soon.

Like some other Asian countries, Malaysia had faced a spiralling fuel subsidy bill that could have been more than RM56 billion (US$17 billion) this year due to rising world oil prices.

Anwar, a former deputy prime minister and finance minister who now leads an opposition coalition, said: "We cannot opt for any other thing except for market economy ... but this cannot be done without regard to the issues of good governance and accountability."

Anwar was fired by then-Prime Minister Mahathir Mohamad in 1998 in a power struggle. He was expelled from the ruling party and convicted of sodomy and corruption, charges he says were politically motivated.... selanjutnya.


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