People are quick to react especially when it comes to cost-savings, which is a wise move, of course. Notice the almost empty gas station? This is a picture from
The Star papers showing a petrol station in Petaling Jaya. Customers delayed refuelling their vehicles during the few hours before the price reduction came into effect. I refuelled on Wednesday night so I was not caught in this little shindig. Let me see, how much would I have saved....
now where's my calculator? LOL!
The price of fuel reduced 15sen at midnight last night, from RM2.70 after a 78sen increase on June 4. RON97 now costs RM2.55 a litre while RON92 is now at RM2.40 a litre.
The Prime Ministrer, Datuk Seri Abdullah Ahmad Badawi, said in a statement yesterday the Cabinet decided to bring forward the “floating” price mechanism for fuel after considering the drop in global oil prices over the past few weeks as well as higher inflation in July.
The new prices were set after considering fuel prices between Aug 1 and Aug 21, and in view of the Government’s decision to set the subsidy at 30 sen a litre for RON97 and RON92, and 50 sen a litre for diesel. The PM assured the people that the petrol price would not exceed RM2.70 a litre for this year, even if the global market price went up. Did you catch the "
for this year"? hmm... But then again, fuel price increase is going to be a part of our life, so brace yourself!
Abdullah (the PM) also expects the prices of goods to fall. But will they? I do not mean to be negative but as far as I can remember, there has never been an occasion where prices fall. Tell me I am wrong.
The people of Permatang Pauh are heading to vote in a by-election. Nothing extraordinary, of course, unless the opposition party candidate is former Deputy Prime Minister, Anwar Ibrahim. Malaysians probably have this event or Anwar to thank for for this petrol reduction sooner than later.
