Malaysian government announced that the prices of oil,gas and sugar will increase into a proper stage effective from 16th July,2010 in order to cut some subsidies.The details are as follow:

From Friday, the subsidies for sugar, petrol, liquefied petroleum gas and diesel will be cut as part of the gradual subsidy rationalisation programme, according to a statement from the Prime Minister’s office on Thursday.

The price of sugar will go up 25sen to RM1.75 per kg; LPG will go up 10sen to RM1.85 per kg; petrol RON95 will be up 5sen to RM1.85 per litre and diesel will be up 5sen to RM1.75 per litre.

RON 97 will no longer be subsidised. It will be subjected to a managed float, where the price will be determined by the automatic pricing mechanism, the statement said.

(Reported by TheStar)

In fact,I have totally agreed the movements of cutting the subsidies and I had talked about it one month ago.Oil and gas have been limited resources all over the world and they will create a lot of pollutions.By increasing the prices of them,it could reduce such issues.Eating too much sugar will cause diabetes.Higher price of sugar will let people reduce the consumption of it and so being much healthier.However,I also care about how the government will monitor on spending on savings of those subsidies to affirm that the savings will put into places where it could benefit all Malaysians.

I do hope that the accounts of Malaysian government could be more transparent and the officers could also do the jobs hard and think of the citizens in every second as they are public servants.