Wednesday, September 24, 2008

Fuel Price Cuts To Ease Burden

The fuel price decrease hopefully will ease the burden of the people during Hari Raya. But the Government would be paying slightly more in fuel subsidy as the average crude oil price would be only seven sen cheaper but the Government had decided to absorb the difference and lower petrol and diesel prices by 10 sen. Although the 10 sen reduction was good for the public but it would not make any difference to bus operators since they still get subsidised diesel at a set price. Besides, consumers should continue to remain thrifty and manage their money wisely. For the Government, they must con­tinue to plan for better public transportation as the fuel issue will continue to affect us in future. For sure we did not expect prices of goods and services to drop in line with the reduction as the cost of production and raw materials had risen dramatically. Therefore the reduction should have been more. But nevertheless, it is better than nothing change. As conclusion, we should always be prepared to any changes in order to survive in this world of globalisation.

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