Wednesday, December 03, 2008

1.90.

Is the current price of petrol per liter (RON 97) after the latest round of price cut by the government, a further 10 cents reduction - even lower than before that initial massive hike. The rakyat are generally happy, of course, since its a move that, how should I put it... has a direct beneficial impact with immediate effect?


I went to refuel this morning and nope, I DID NOT purposely wait until after the announcement, its just purely coincidential that the indicator started blinking this morning during warm-up. Since my credit card hutang is almost at its limits *shudders and sighs* - I decided to use cash instead and not knowing how much - I just chucked RM 55.00 to petrol attendant - and that got me to almost full tank - 29++ liters.

Man, it was at least 30 bucks more back then.

That figure did temporarily drew a snigger, then a wicked smile which was wiped almost immediately off my face upon exiting the station - two words - TRAFFIC JAM. For the congestion to begin at this point of the route I usually take, the only possible reason that I can think of would be a rapid incremental burst in the amount of vehicles on the road.

I think a little tweak on AirAsia's tagline would best suit this phenomena, Now Everyone can Bloody Drive, again.


So, was it a good move? Sure, major hypermarts have announced price slashes *YAY* but even with these back-to-back reductions, the prices of everyday fast-moving-ready-to-consume goods which we spent on most did not seem to have budged - your plate of chicken rice or char kuey teow or curry mee or nasi lemak still cost that much. I ain't no seeing any ripple effects.

No loh, I did not study Business nor Economics. Perhaps that is why I do not understand why when the price of chicken, cucumbers and rice plus the costs of transportation drops, the figure on the price tag of my plate of chicken rice remains eaxctly the same but when hike occurs, even the slightest one, I can totally expect the figure to move upwards, a few folds at least.


Can't actually blame them lah when we're able to witness some rakyat whining endlessly or being engaged in heated discussions on the 41% price hike while sipping on a Grande Chocolate Frappucino in Starbucks back then. Or paying a ridiculously high price for a glass - not even a can - of Coke in restaurants when you can probably get two or three bottles of 1.5 liters at hypermarts. The ugly side of some Malaysians, not all, just some - tamau later kena flame for being not specific enough.


Anyway, bearing witness to the price of crude oil dropping almost a hundred dollars per barrel is scary stuff ay, together with all the recession and economic turmoil stuff - current estimation sets it around 75 dollars. If I'm not mistaken, in Malaysia, there are currently no mechanism that dictates what fuel price should be based against - there has been talks on setting a floor price - judging from the current dip, sure kena objection kaw-kaw one - as well as free floating it (based on market rates) - now happy lah, wait until the price hike again - then everyday got rakyat complain not enough to makan, government not doing enough for them, so on and so forth.


They say that there can be no policy that can satisfy everyone... how true, how true. Well, let's just hope that nothing drastic or extreme happens - in the short or long run, I just got married yo, there's still a long road ahead for me to walk on.

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