Fuel Price.

Malaysia is burdened by the subsidy when oil price increased but loss in revenue when the price decreases. There are no room for the public to enjoy the benefit of our own oil resources.

So we all know that we are net exporter of crude oil. We have refinery facility and we have distribution and marketing arm. All this chaotic equation caused by three factors:
Malaysia earned from trade, all our light sweet crude oil sold elsewhere and cheaper crude oil brought in for domestic market.
Petronas does not have the full right of our oil reserve. Shell has the most?
Controlled petrol/ diesel/ gas price. Subsidy not only to Petronas but other player as well.

How about if we use local oil resource for our oil refinery and Petronas to market it for domestic usage. Since it is all ours to begin with, the actual cost incurred is oil extraction, refinery process, additive and distribution. Since god does not charge us per barrel oil extracted from our soil/ seabed, then we can’t be tied up with the global price. Excess domestic requirement can be exported.

With that, then government do not have to give subsidy anymore. Petrol price will be governed by Petronas lead price. Shell will have the equal power, and Petronas – Shell competition will ensure price is reasonable.

When there is no subsidy, and then there will be no smuggling issues. Singaporean can fill their tank all their want and we will make money for the profit. Industry will bloom again because of lower cost. Even local businesses will get benefit from tourist.

As Petronas said, local petrol distribution only gives them a few percent to their revenues. Sure the opportunity loss from trading better oil for lower grade would be negligible. The important thing is, Petronas will still make money and government will not be at loss.
How about it? Kira cincai la.