Changing lifestyle! That's what I see in the coming weeks, if not months. For too long Malaysians have been used to cheap fuel. Owning a car may no longer be an option for many but the existing public transport system is not exactly efficient too.For families with school going children, sending kids for tuitions, music lessons and all the other activities may start to take a toll on the families' expenses.
Food prices will be going up too, the usual excuse, increase of transportation costs. Everything will go up. There will be less disposable income for many. Soon the unions will also be demanding that salaries be revised. Inflation will definitely be heading northwards. Gomen says 5% but many think it will be higher.
By the August, if the government does allow the petrol pump price to reflect the global price, I wonder whether our economy can absorb that kind of shock. Over the last few months, the increase should have been allowed, albeit incrementally.
For us, I guess we'll have to learn to conserve. Must make it a point to cut down on unnecessary electricity consumption. Trips out must be carefully planned so as to reduce the number of trips made. Changing lifestyle is necessary...to accommodate the price increase soon to hit every sector.
2 comments:
aiyo, have a thought for poor me. filled up on Monday and it cost >£72 - fuel costs £1.36/litre over here. wondering why ppl in m'sia complain when it costs the equivalent of 37p/litre...... :(
Because we are so used to 'cheap' fuel for so long ad...subsidy mentality...gomen punya pasal. Trying to shore up support, feudal mindset...they benevolent, therefore rakyat must be grateful, give support...stuff like that lah. Now don't really see that need anymore.
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