“The price of 3 sen per 1,000 gallons was fixed in 1962 and the price remains until now,” Prime Minister Tun Dr Mahathir Mohamad said after launching the National Community Policy. NSTP/EIZAIRI SHAMSUDIN

PUCHONG: Prime Minister Tun Dr Mahathir Mohamad says Malaysian water is being sold to Singapore at an reasonably low price.

“The price of 3 sen per 1,000 gallons was fixed in 1962 and the price remains until now,” he said after launching the National Community Policy today.

“Looking at the current situation, is it reasonable? I don’t think so.

“Until when (will the price remain unchanged?).”

According to the water agreement between Malaysia and Singapore, which expires in 2061, Malaysia supplies Singapore with 250 million gallons of raw water daily at 3 sen per 1,000 gallons.

Malaysia then repurchases a portion of the treated water at 50 sen per 1,000 gallons.

“Previously, even one sen we can buy many things. But not now, let alone three sen.

“Today, we no longer talk about millionaires, but billionaires as the income level is getting higher.”

Earlier in his speech, Dr Mahathir had said that the prices of goods, including houses, would continue to rise in the future.

“But, the only thing that will not increase is the price of water sold to Singapore, at 3 sen per 1,000 gallons.

“At that rate, we cannot even get a (packet of) nasi lemak,” he said, which drew laughter from the crowd.

Dr Mahathir said the government would negotiate with Singapore on the matter.

“We will try to include people from the Johor government, but Foreign Minister Datuk Saifuddin Abdullah will lead the group.”