DAP has urged the government to reveal the implementation of the “managed float” on petrol starting today, which they say could be another term for “fuel tax”.

According to DAP National Education Director, “dirty float” is what insiders call the managed float that affected consumer fuel prices today.

While RON 95 and RON 97 had reduced by 4 cents and 9 cents respectively, Diesel prices are up by 3 cents.

“No one in their right mind would expect pump prices of petrol or diesel to go up while crude oil price continues to head south massively since June 2014.”

“The benchmark Brent price has come down from USD 115 in June to around USD 70 per barrel,” he added.

Doubting the system imposed by the government, he said that if the government does not announce the details of the implemented float, the current managed float is just another name for ‘fuel tax’.

Other DAP MP’s, such as DAP Secretary General Lim Guan Eng, and Seputeh MP Teresa Kok have also criticized the diesel hike.

“It doesn’t make sense at all that diesel prices can go up to when oil prices are set by managed float so it is supposed to fall just like RON95 and RON97,”said Lim at a press conference in his office today.

Following the drop in fuel prices, Finance Minister Ahmad Maslan had announced that fuel subsidies would be done with and that the managed float system be imposed starting today.

However, due to the surprising increase in diesel price, Lim said that this one another failed attempt by the government to keep their promise.

Teresa Kok also weighed in on the issue, saying that the government should have completely removed the subsidy if there was to be an increase in diesel prices.

“RM 19 billion is huge amount .So why must the government be in such a hurry to completely remove direct fuel subsidies?” she said, referring to the RM 19 billion that Ahmad Maslan said the government would rack up from the fuel subsidy elimination.

“Going by Ahmad’s statistics, even if the government continues to provide a subsidy of 30 sen per litre for RON 95 and diesel, the government can still save a huge amount.”

“In order not to burden the people, any subsidy removal must be done in stages and sufficient subsidy must be reintroduced when crude oil price goes upwards,” she said. -The Rocket