Oh dear, I'm in trouble! I'll come back to that.
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.