I drove into the Mobil station last night and had to wait for my turn. I never had to do that before, i.e., wait for a vacant pump lot. I thought nothing of it though until I went online last night and read that the price of petrol (both RON 95 and RON 97) besides sugar, diesel and LPG will no longer be subsidised beginning today, Jul 16. This means from today, sugar, petrol, diesel and LPG will be at an increased price, per below..
The price of RON 97 will no longer be subsidised but will be on a controlled float, i.e., according to the market price. The new price per litre is now at RM2.10 per litre, up 5 sen.
Will this price increase see our teh tarik and roti canai and other essentials hiking in price too? Will salaries be adjusted to commensurate this inflationary hike or perhaps we won't feel the pinch that much afterall the government has assured that Govt will not burden people. Or will reality tell otherwise? All left to be seen.
Time to tighten the belt, again...
ReplyDeleteyeah, guess a lot of people queued up in petrol stations last night for their last tank of cheaper petrol..
ReplyDeleteeffect?? the pork noodles i had just now immediately increased 30 sen!! OMG..
Food prices will increase too.
ReplyDeleteKS, no need to before this? LOL!
ReplyDeleteSK, it didn't strike my mind when I saw the queue last night.
OMG! That was super-opportunistic of the vendor! Strangely the reaction to hike prices is speedy but we don't see the same reaction to reducing prices when price of petrol went down. This is one case of what goes up will never come down.
Mei Teng, definitely and everything else too, minus the salary, of course.
ReplyDeleteMy belt so tight oredi. Uwaaa!!!!
ReplyDeleteEverytime there's a price increase, petrol station will be jam packed with card the day before.
Who won't be affected. Those who get petrol paid by their company.