Ketua Pembangkang and DAP Secretary-General, Mr. Lim Kit Siang, today issued the following statements (22.12.1973):
Call on the Government to reconsider and withdraw its approval for price increases for petrol, diesel and fuel oil by corresponding reduction of government duty
The government approval of price increases for petrol, diesel and fuel oil will fan further the flames of inflation. Premium grade petrol goes up 34 cents a gallon, regular petrol 24 cents a gallon; gas oil and diesel 11 cents a gallon and fuel oil, 5 cents a gallon.
These are pretty hefty increases, and will lead to increases in transport costs for goods and persons, whether motorists or non-motorists.
This will also be another excuse for another round of increase of prices of locally manufactured goods.
The assurance that has been given by the Primary Industries Minister, Datuk Taib Mahmud, that the increases should not contribute to higher prices for manufactured products and that the government would deal severely with any attempt of profiteering will as usual be meaningless and without effect, just like all other government assurance inside and outside Parliament these past years. Continue reading Reconsider and withdraw approval for price increases for petrol, diesel and fuel oil