After this latest shocker of a 78 sen fuel price increase in Malaysia, the government has announced that the fuel price is now capped until the end of the year i.e. until 31 DEcember 2008.
Don’t party just yet. This is the same Government that said that fuel prices will only increase in August 2008, and the same man that said “Esok Tak Ada” with regards the dissolution of Parliament. This is also the same people who gave the direction not to use the indelible ink during the elections.
This same man told us that the fuel price would be reviewed monthly and that the 78 sen increase would be reviewed from time to time. Since the hike, the price of crude oil has fallen. Would we see a similar reduction in prices? I doubt it.
What else? We aren’t so stupid anymore.
Time to keep that belt tightened and brace for more fuel hikes in 2008.