Aug 22, 2008

Only 15 Sen?

RM2.70 TO RM2.55

Government decrease petrol price by 15 sen, they announce petrol will go down by 15 sen from RM2.70 to RM2.55 per litre at the pumps beginning Aug 23, a reduction of 5.6 percent and
diesel to be reduced 8 sen to RM2.50.

I never expected the petrol price to be reduced just a few days before the Permatang Pauh polling day. Government promised to revise the price only after September 1, and I wonder is there any reason behind this sudden fall? In my opinion, the sudden fall of the fuel price the announcement must be due to the Permatang Pauh by-election. If not, the government will not act so fast. Another reason may be is the high inflation rate in 27 year due to the side effect of fuel price increase.

I don't think that with cut down of 15 sen, it will decrease the people's burden. Government increased RM0.78 and now they cutting only RM0.15 and reduce it to RM2.55? It's totally unacceptable!

FUEL PRICE HIKE (2004-2008)

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