Economically the Crude oil cost should be around between USD30 to USD50 per barrel depending on the efficiency and age of the oil platform.
We don't expect the price of retail fuel price should be increased in the near term as we have been paying premium for some time now. The retail fuel price for petrol and diesel is not expected to change in the near term due to the current increasing trend.
What puzzling and burdening the consumers are the increasing fare price of buses and extra surcharge of 30% imposed and the school bus association to add surcharge of 30% on school bus fares. this is burdening to families with school going children.
And at the same time prices of raw food at the wet market still high and as a matter of fact is still on the rise. Where is Shahrir Samad? He managed to convince the hypermarket to lower the price but what about the wet market?
Shahrir Samad should do his own fact finding and get into his wellington boots and head for the wet market, the place where all middle and lower income earner spend most of their monies.
1 comment:
That's the usual problem. Different social classes have different "baskets". Lower classes buy more (in relative number) food and energy. And these commodities are usually first hit by price changes during crisis...
Best wishes
Elli
Post a Comment