Its representative, Nik Nazmi Nik Ahmad, said they were targeting 5,000 youths to gather at Sogo at 11pm on Dec 31, after which the rally will end at Dataran Merdeka.
“We are determined to push for the government to immediately return the fuel subsidies to a reasonable rate, until a ceiling price can be set at RM1.90 for RON95 and RM1.80 for diesel,” he said at a press conference here today, organised by PKR Youth and Amanah Youth.
The rally has the theme “Turun Harga Minyak, Turun Najib” (Drop fuel prices, topple Najib).
The movement is also trumpeting two other concerns of young Malaysians, that is “Turun Harga Barang” (Bring down prices of goods) and “Turun Kos Sara Hidup” (Drop cost of living).
In the run-up to the rally, Nik Nazmi said the movement has also arranged several other activities starting tomorrow, by distributing flyers at the National Mosque after Friday prayers.
Nik Nazmi, who is also PKR Youth chief, said they will also hold two pre-rallies on Dec 16 and 23 at Sogo at 3.30pm.
Nik Nazmi said the youths rejected the notion that the return of subsidies will only add to the country’s financial burden.
“We are of the view that the country will not lose out by giving subsidies but will suffer losses if the country spends money wastefully, as is often reported in the Auditor-General’s Report.
“Subsidies and lowering of fuel prices will increase the people’s disposable income.
“This will subsequently bring back a healthy economic cycle, where the people are able to spend more money.”
The weekly fuel pricing mechanism came into effect on March 29 this year.
Prices of petrol and diesel have been placed on a managed float system since Dec 1, 2014, following the removal of fuel subsidies.
The removal of fuel subsidies was to bolster the national economy. The move, according to reports then, was expected to save the government up to US$6 billion annually.
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