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Fuel up… Electricity Up… As expected.. Inflation too

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Quote quote from here

Isn’t life good?

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Are we ready?

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Petrol to cost more about RM2.70 starting from today, 5th June 2008. Are we really ready to go through this huge price increase. You talking about more 78 cents increase of 40% from the previous price of RM1.92. And worst is not over – based on my understanding the subsidy for petrol increase will be removed in August 2008. The whole country will be subjected to the market price for fuel.

Seriously, I do understand the extend of the problem that the country is facing, with rising fuel cost – and commitment to provide subsidy for the fuel, which has provided stability to a lot of things in the country for many many years, has start to bite them.

I think, most of the urbanites would have known that the fuel price increase is inevitable. Day by day, we heard the news of the fuel price going up over and over again.

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We are prepared to braced to the challenge of rising fuel cost – which indirectly cause the rise of other prices like food, drinks and services. But, seriously 40% direct increase will really hurt a lot of people. I myself, gonna start paying something in the region of a RM150-170 for a full tank of petrol! I can’t imagine how those ppl who are earning in the region of Rm1500 a month, with 3 kids in the household would be able to survive such striking increase in petrol prices.

I would think the government should have increase the fuel prices gradually, in the range of 10% every 3 months for the next 30 months – in moving towards using global market price for the fuel prices in Malaysia. At least, the citizens of Malaysia would be able to prepare for the worst, and start moving to alternative way of transport such as walking, climbing and cycling… :p

Guess, with the election being last March, that doesn’t really help the government in putting the right strategy in preparing the rakyat for the increase. Fuel prices has always been a problem with the government – any increase will create political risk to whoever running the show. Even a slight increase of 10% would definitely cost trouble. Thus – running up to the election, government is “forced” to not change the prices, and absorbs the fluctuations and increase of fuel prices. Am sure the government will start moving to deficit with such!

And guess, up to yesterday – the government won’t be able to handle it anymore. They just had to do it.. Otherwise, budget presentation in August would be “really” fun – considering the mix in the parliament that we have.

Anyway – are we in recession yet?

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Fuel Frenzy…

Well, was reading NST online…

FUEL-BUYING FRENZY AT BORDER: Thai motorists start crossing over at 7am


Thai nationals being turned away from a petrol kiosk in Rantau Panjang yesterday. Many of the petrol kiosks in border towns were empty for a few hours yesterday morning due to confusion over when the ban on sale of fuel to foreigners would take effect. — NST picture by Fathil Asri
Thai nationals being turned away from a petrol kiosk in Rantau Panjang yesterday. Many of the petrol kiosks in border towns were empty for a few hours yesterday morning due to confusion over when the ban on sale of fuel to foreigners would take effect. — NST picture by Fathil Asri

RANTAU PANJANG: Thai motorists are rushing to fill up at petrol stations along the border area although the government had postponed the ruling which prohibits them from filling up their vehicles’ tanks with subsidised fuel to Monday.

Many Thais apparently did not know about the decision and thought that yesterday was the last day they were allowed to buy subsidised diesel in Malaysia.

A check at the border yesterday showed that people were coming from as far away as north Thailand and they had crossed over to Kelantan as early as 7am. Their number had swelled to 800 by afternoon.

Members of the General Operations Force (GOF) and officers from the State Domestic Trade and Consumer Affairs were here to keep an eye on the situation, especially at the town’s four petrol stations.

However, despite their presence, quarrels have been reported between motorists and petrol station operators.
A spokesman of the state Domestic Trade and Consumer Affairs said the quarrels were the result of a misunderstanding.

“Thai motorists thought that they were stopped by GOF members while passing the checkpoints because they were not allowed to enter the state, but it is not so.

“They (GOF members) are merely carrying out routine checks.

“The petrol station operators are claiming that we are at their premises because they are not allowed to sell fuel to Thai motorists effective today.

“That is also not true. We are there to monitor the situation,” he said.

The government had earlier decided to ban the sale of diesel and petrol to Thai motorists from yesterday, but the deadline has now been extended to Monday.

Che Yam Che Seman, who runs a petrol station, said the government should consider the impact of its decision on petrol station operators.

“They can increase the price of the fuel, but do not do it this way. Ninety per cent of our clients are Thais.”

Adnan Bongsu, a Thai, said: “I and my friends cross over here to buy diesel for our daily use.

“We find that we can save a lot of money if we buy the fuel here instead of buying it in our country.”

And… read the italic wording…

Adnan Bongsu, a Thai, said: “I and my friends cross over here to buy diesel for our daily use.

“We find that we can save a lot of money if we buy the fuel here instead of buying it in our country.

Oooolalalala.. bugger, i am paying for the thai for their fuel! Grrrr…… STOP THE MADNESS!