Fuel Price Increase

Still on the rig (West Berani) .... and heard about the petrol and diesel increase news .... almost everyone i know is complaining about the increase .... and to make matter worse .... all prices will also follow suit to go up .... not to mention that the government just increase the price of rice and abolish the ceiling price for chicken ..... which translate to higher cost of living in this coming days ....

I still wondering how does it going to impact me .... well ... i am on the rig and i am trying very hard to imagine that .... maybe i just need to get back to town and just let it hit me hard on my face ... maybe i'll start to yell and curse like everyone else .....

A lot of people said that we are net exporter for oil .... so we shouldn't pay so much for petrol ... a very good example is neighbour country Brunei .... but today Petronas actually says they will go bust by 2018 if they continue subsidising petrol .... i just wonder company like shell, exxon and many others that does not own a national oil reserves .... how can they actually survive .... and i am pretty sure that our government actually uses the oil taxes and royalty paid by oil company for the subsidy ... which includes all petronas, shell and many others .....

I am definitely not against the idea of reducing the subsidy of oil .... but i am just concern about how the government is going to spend the money saved from reduced petrol subsidy .... something which is very interesting to observe in the coming days ....