Yesterday, hours before the official announcement of the fuel price reduction, Rafizi Ramli has declared that based on his calculations the January fuel prices should be reduced to RM1.91 per litre for RON95 petrol and RM1.94 per litre for diesel. He said he arrived at these figures from his study of legal data on standard market rates used within the region. http://tinyurl.com/lhnuvtf
His "prediction" was highly accurate as the official announcement hours later was RM1.91 for RON 95 (100% accurate) and RM1.93 for diesel (just 1sen lower than Rafizi's prediction). SYABAS! Rafizi, you MS Excel worked this time.
However, it doesn't mean Rafizi is a genius.
The reason why he could "predict" this is PROOF that the Automatic Pricing Mechanism (APM) put in place is fair and transparent and based on known regional market pricing - hence Rafizi should no longer mempertikaikan our fuel pricing policy.
Our APM pricing is based on the average of the previous month's pricing and not just the last day's pricing.
When MOPS pricing is on a downtrend for the previous month, this month's petrol prices will mean a small tax gain by the government BUT if last month's MOPS pricing was on an uptrend, then government will use whatever small tax gain to subsidize petrol prices for this month.
In the long-run, this model will even-up the taxes and subsidies for the various months. - basically a model of sometimes you win and sometimes you lose.
Rafizi Ramli, since you yourself have proven that this APM model is transparent and predictable, then you should NOT accuse our govt of collecting "Secret Fuel Taxes" and confuse and mislead zombies.
That's very dishonest of you and it seems designed to incite hatred as you did not say that if MOPS pricing is on the uptrend, the govt will have to spend this "secret taxes" to subsidize the petrol prices in those months.
No comments:
Post a Comment