malaysiakini and the AD HOC Government of MALAYSIA

This malaysiakini article Floating mechanism to manage fuel prices shows the the authorities really think only on a short term basis even though the ruling party has been in control for so many years.

The problem this time is that oil prices are now half of what the price was when the government made the drastic 60% fuel price hike in March 2008 when the oil price was about US$140 a barrel and doomsayers were saying that oil could easily reach US$200.
Most Malaysians now perceive that the government is now using low oil prices to profit out of long-suffering motorists who think a fair fuel price should be around RM1.50 a liter.

To me the major strategic mistake of the government was to actively promote 2 national car projects and try to emulate the American way of promoting car ownership instead of developing good public transport systems.
One the car projects were in place, it became a most convenient way to enrich cronies who were given undisclosed toll concessions that really became an easy way to get rich quick as most tolls were underwritten with compensation clauses.

So this floating rate mechanism is just another ploy by the government to keep the affairs of PETRONAS ultra-secret. For all you know, it may be the means to help PETRONAS tide over a difficult period of low oil prices.