Oil Price
Taken From dr-chedet blog
The price of crude oil has increased by 400 percent in the last three years. It follows that the price of products must increase, sooner or later. In other countries petrol prices had already increased. In the United Kingdom one litre of petrol sells for more than one pound sterling or RM7. In the United States it is about RM5.
That the price in neighbouring countries has gone up is shown by the rush to fill up by Thai and to a lesser extent Singapore vehicles.
The Government has now announced an increase in petrol price by 78 sen to RM2.70 per litre, an increase of more than 40 per cent.
I may be mistaken but there seems to be less vehicles on the road today. But obviously that is not all that will happen. All other consumer goods, services and luxury goods would increase in price.
The cost of living must go up. Put another way there will be inflation and the standard of living will go down.
Obviously our increase in petrol price is far less than in the United Kingdom or the United States. But our per capita income is about one-third of theirs. In purchasing power terms our increase is more than in the UK or the US.
The increase hurts but the pain is greater not just because of the increase percentage-wise is higher than in developed countries but because of the manner the increase is made.
1 comment:
Let me summarized it all. BN government unstable at this time. Pak Lah implement some lousy ideas in a very short sighted way without thinking of the consequences that will effects the Malaysians. #1. I mean why would you want to allow new salaries policies like getting paid twice in a month? This only gives negative impact to the Malaysians & Malaysia. Study first on the banking systems of the bank in Malaysia. Maybe it doesn’t effect the higher income group but let’s face the facts that it will greatly effect the lower income group.
#2. Why should the government want to increase the fuel price if we producing and export the oil and gas? Fuel has increased and that has give mixed reaction to the people of Malaysia. Increase of 80 sen isn’t cheap to those with lower income. Just imagine driving to and fro from Sejingkat. Also there’s future predicament that fuel will hike up again in 2 to 3 months time. Die like that lah…What kind of crappy ideas Pak Lah has in mind?How are you gonna develop Malaysia if you’re gonna keep changing your mind? Sounds like your mind is straying back to the Japanese era too whereby the price of rice has increase! Why are you letting the Malaysians suffer & how long are you gonna keep up with all these? If that’s the way you think you’re improving the lives of the Malaysian people you’re way wrong. Instead you’re killing those with low income such as me for example. We want to see changes especially in the rural areas. Why don’t you sell your private jet to fund the education of the kids in the rural areas? We need development Pak Lah not being backward and live all our lives in a total state of backwardness without any development at all. We have all the rich resources and rich agriculture lands in Sarawak here. We do not want our future generation to suffer because of your dumb policies Pak Lah. Please do step down as PM if you think you can’t handle being PM. Get a life!
Sweet Lady
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