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Published 09 Jun, 2008 12:00am

Malaysia’s opposition to exploit petrol price rise

KUALA LUMPUR, June 8: Malaysia’s opposition figurehead Anwar Ibrahim said on Sunday his bid to seize power with the help of defecting government lawmakers had been boosted by an unpopular fuel price hike.

Anwar said that at least 30 parliamentarians were willing to cross over to the Pakatan Rakyat opposition alliance, and that if the opposition gained power, the fuel price would immediately be cut.

“According to our timetable it is still on. Now it is more attractive after the price hike,” Anwar said at a press conference after a meeting with members of his Keadilan party’s supreme council.

“In the light of the political and economical uncertainties led by the government, we have seen clearly more interest and support for Pakatan Rakyat and this applies even to members of parliament,” he said.

“There is absolutely no reason... for them to remain and support the leadership that has failed the nation.”

Anwar said Prime Minister Abdullah Ahmad Badawi’s decision last week to hike the price of fuel by 41 per cent and restructure the country’s oil subsidy system was an “ill-conceived” plan.

He said that as Malaysia was a net oil exporter, the current high price of crude oil on world markets would earn the country a fortune in additional revenue.

“I stand by my decision that when Pakatan Rakyat forms the new government fuel prices will be definitely cut. I will immediately resign, if I do not keep my word and reduce the price of fuel,” said Anwar, a former finance minister.—AFP

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