Revised Petrol Pricing Scheme

I don’t know what happened, but Malaysians were suddenly told that petrol prices will now be pegged to the average international oil price. There will be a 30 sen subsidy on whatever the average global market rate is at the end of the month.

The condition is that the price will not go above RM2.70.

I just want to say, this comes a little too late Mr Prime Minister. Why didn’t you think of this before?

The economy has already gone through carnage, and the damage can never be undone.

The prices of food, goods and services have increased drastically. Sadly, there is no such thing as a price decrease.

Photo: Bill Ault

9 thoughts on “Revised Petrol Pricing Scheme”

  1. Still, I think it’s better than nothing.

    Adino: Keep your fingers crossed, there are rumours that petrol prices could go down as low as RM2.10 by next month.

  2. I’m not familiar with Malaysian politics. So who exactly is the “Unless”?

    Sometimes I wonder, why do prices always increase and rarely (if ever) decrease? Does that mean that inflation is inevitable?

    Maybe I should take an economy course next year. πŸ˜‰

    Adino: Some say he’s the prime minister in-waiting

    πŸ™‚

  3. I wondered too when the news of the pegging was announced why didn’t they think of it sooner and not let the rakyat suffer so much. Ah, but that’s politics, I guess.

    Your unless is very subtle and classy, nice! πŸ˜‰

    Adino: I think they want to implement this policy to get favour points, because things are looking shaky

  4. over here wat is happening in PPauh is generating a lot of interest. πŸ™‚

    Adino: I’m sure it is generating interest all over the country!

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