Unbelievable. RM2.70 per liter. Petrol was only RM1.92 per liter yesterday. Increased by 40.6% overnight! What is Pak Lah thinking? And that is not all. The petrol price will be reviewed every month! It is expected to increase up to RM4.00 per liter by August 2008. This is just too outrageous! More than 100% increase in just 2 months!
Unfortunately we do not have a good public transport system. In Melaka, the taxies are not even fixed with meters! Buses are scarce & most of them are not even fit to be on the road! So, the Government's argument that our fuel price is the cheapest in the region thus giving them the excuse to reduce the subsidies cannot be substantiated: Comparing to Singapore - yes, their fuel price is higher BUT look at their public transport system: It is world class. The MRTs are highly efficient & the buses are frequent & always on time. Comparing to Thailand - yes, their fuel price is higher BUT they do not have Tolls in Thailand. Comparing to Brunei - No, their fuel price is MUCH lower than Malaysia. They produce oil too, just like Malaysia. Comparing to Indonesia - yes, their fuel price is higher & look what's happening there: most cars are grounded as the car owners can't even afford to buy petrol for their cars - Is this what the Government want for Malaysians?
Everyone's worry is this: Transportation costs will immediately rise, which means that all prices for goods & services will also increase. Semua harga akan naik, naik, naik... Already Pak Lah announced that the electricity rate will increase by 18% for households from July onwards... sigh... :-(
Last night we thought of filling up our cars for just one last time before the price increase. However, as expected, every other car owner in Malaysia were also scrambling to fill up. All petrol stations we passed by had massive queues creating traffic jams everywhere. So, we drove away & told ourselves that it is time to really get used to the fact that we are no longer living in the good old days.
Today, all Malaysians woke up to not just higher fuel price, but also to the realization that worse things will come in the next few months.
Brace yourselves everyone! Be more prudent in spending!