Wednesday, June 4, 2008

Petrol hike...78sen this round!

Scenes of petrol kiosks from around Alor Star after news broke about the increase in petrol price. 78 sen is a big deal! The government has announced that cars under 2000 cc will be given a rebate of RM625...which is actually not very much. But then again, the price increase in inevitable. All over the world, petrol pump price has gone up. The thing is, this is definitely going to cause another round of increase. And this may fuel inflation. Everything will go spiraling up, that's quite certain.Tomorrow it seems there will be a press conference by TNB. There will be an increase in the electricity tarriff. A lot of people are going to feel the squeeze.
But then again, it is also crazy to expect the petrol prices to continue to be subsidized. As it is, Singaporeans and Thais come over to buy our petrol. Fishermen make a killing just selling their subsidized diesel too. Also, perhaps this is now time to look into our public transportation...in many places they are in near shambles, Alor Star is no exception. Hybrid cars should be encouraged.....right now they are way too expensive. Our government hasn't exactly been promoting them!
We'll just have to learn to cope with this because if the government keeps subsidizing petrol prices, other more important stuff like food and development will suffer. Only thing is, we should not have wasted so much on unwarranted projects....the unnecessary space programme for one. And also, if you take a look around us, there are wastages everywhere. If money could be saved here, I guess we'd be in a better position too.
So, looks like we'll have to brace ourselves for more to come.

2 comments:

Anonymous said...

bad management by the gomen. although inevitable, they should have just raised prices by rm0.40 every six months. as it is now, rm0.78 now and then probably another bomb in aug-08 will shock the system too much!

AJ7 said...

Couldn't agree more...august increase might just deliver the tsunami blow...unless they are willing to stagger it somewhat. Price increase is inevitable and perhaps this might push the nation to be efficient as in the real efficiency for once.

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