Fuel Hike !!!

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6/5/2008

"Petrol up from RM1.92 to RM2.70 >> 40% increased! Diesel up from RM1.58 to RM2.58 >> 63% increased!"

Malaysia government had annouced fuel hike for all the consumers from yesterday 5pm. It sent chaos to the whole country as everyone was rushing and queueing up at the petrol station. These people should be, I think, at home or restaurants having dinner. By 7pm, all the major roads were empty where all the vehicles were on the roads connecting to the petrol stations. The shopping complex, restaurants, night markets etc were like a "ghost area".

These kind of news really send a knee jerk reaction to the whole country and they are affecting by it badly. Can our Malaysia's economy sustainable? The KLCI reacting with a drop of 37.81pts to 1215.31pts as of now. Furthermore, Goldman Sach commented yesterday, Malaysia's market has gone into uncharted territory and they has downgraded the market here. This is not a good news...

If a person is earning at RM 5,000 per month, I would clasify him, now, as lower class of middle income group. If you want to be at the higher class of middle income group, I would say you need to earn RM 10,000 per month.

This fuel hike surely has it's effect on me too. What would others feeling now?

1:17:36 PM | Blog it | News and politics

Comments (4)

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	No namewrote: Hi,Do you have used LCDs, second hand LCDs, used flat screens and used LCD monitors? Please go here:www.sstar-hk.com(Southern Stars).We are constantly buying re-usable LCD panels and working for LCD recycling.The re-usable panels go through strictly designed process of categorizing, checking, testing, repairing and refurbishing before they are re-used to make remanufactured LCD displays and TV sets.Due to our recent breakthrough in testing and repairing technology of LCD, we can improve the value for your LCD panels. website:www.sstar-hk.com[checibeacdddfhd] Oct. 26
	yap chen hingwrote: I just found this. Can anyone confirm the price/litre at each country below: 1. United Arab Emirates - RM1.19/litre 2. Egypt - RM1.03/litre 3. Bahrain - RM0.87/litre 4. Qatar - RM0.68/litre 5. Kuwait - RM0.67/litre 6. Saudi Arabia - RM0.38/litre 7. Iran - RM0.35/litre 8. Nigeria - RM0.32/litre 9. Turkmenistan - RM0.25/litre 10. Venezuela - RM 0.16/litre *currency conversion are based on USD 1:RM 3.23 Is this true? Then, isn't it our country an oil producer too? June 11
	Yapwrote: One day RM4 will come for Malaysia. After 20 years, if we need to import petrol, then it will be RM10 or more. If our income is still RM5000 per month then we are poor. We cannot survive. So fuel price increase, time for us to change and increase our income not by saving only. Cause not much we can save, further more the fuel price will continue to increase. So saving is not way out. June 8
	waratta authayaratwrote: Oh.....it's same to THAILAND. Lucky you that in Malaysia is only RM2.70. In Thailand is up to 40 baht or RM4 already. T_T Lucky me that I dont use car.....my scooter needs less fuel. NOk June 7

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