We finally have it - the reduction of the pump price for petrol and diesel. Many people will rejoice over this but the question is, SHOULD they?
When the price of petrol and diesel went up, the prices of almost everything else went up in tandem - it was not the price increase of petrol/diesel that was the killer but the price increase of everything else. Now that the price DECREASED do you seriously think that the prices of other things will follow suit? Fat hope. Therefore, what good is it to decrease the price of petrol and diesel? Just so that when the price goes up to RM2.70 again there will be another excuse for another round of price increase?
Instead of decreasing the price of petrol and diesel, the government should use the money saved in the subsidy payout to improve the efficiency with which we are using petrol and diesel in general and the development/improvement of the public transport system so that more people can be transported with very much less use of petrol and diesel. Boo to the government for adopting a populistic but backward move with regards to the management of our fuel resources.
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