Saturday, August 23, 2008

Petrol price down by 15 sen

After much speculation, Malaysia will cut petrol prices from RM2.70 to RM2.55 per litre, a reduction of 5.6%. The new rates will take effect on Aug 23. The last we read was that petrol prices will only be reviewed by September 1st!! Unfortunately, I don't think that with the decrease of 15 sen, it will ease the people's burden and further reduce the inflation rate. I suppose the reduction is another sneaky move for the sake of some upcoming by-election??

This insignificant decrease of fifteen sen compared to the much higher increase in many essential items do not mean much now. It is easy to bring down the fuel price but it is an uphill task to bring down the prices of other goods.

Perhaps, a little is better than none. Of course we hope there'll be more further reduction.


Source: The Star

2 comments:

Mohd Kamal said...

Donno wether i should say its a good move taken by the gv or not. 15 cents reduce is nothing if other consumers goods price still rise..

Lena T said...

mohd kamal,
the damage has been done. prices of almost everything has gone up these days.