Comments for Retail petrol price to reflect world crude price at http://www.malaysianbar.org.my , comment 0 to 2 out of 2 comments http://www.malaysianbar.org.my Sat, 10 Jan 2009 08:37:05 +0100 FeedCreator 1.7.2 http://www.malaysianbar.org.my/legal/general_news/retail_petrol_price_to_reflect_world_crude_price.html#pc_7503 Unfortunately, Newton's law of gravity stating that what goes up must come down is inapplicable in economics which is basically about cost push and price pull. So I guess ordinary denizens like me will have to live merrily with the increased costs, come hell or high water. Stephen Tan Ban Cheng - Stephen Tan Ban Cheng Sun, 03 Aug 2008 01:10:34 +0100 http://www.malaysianbar.org.my/legal/general_news/retail_petrol_price_to_reflect_world_crude_price.html#pc_7502 When the PM announced an increase in petrol & diesel prices in June, businessmen were quick to increase prices of their goods/services. Although the federal government was supposed to control such price hike some of which were indiscriminate and unjustified, consumers have since been paying about 20 to 30 percent higher for their daily needs, a financial hardship that goes unheeded by the enforcement agencies. Now that global oil price is declining, naturally our petrol and diesel prices have to follow the trend and we do not owe the government any gratitude for that. So we may pay less for petrol and diesel from next month but what about the prices of other goods/services? Shouldn't these prices be adjusted as well? Or are they adjusted only when there is an increase? The government, whilst monitoring oil prices should not forget that it is the increase of other consumer goods/services that is killing ordinary men on the street. It is therefore vital that the government ensure not only a reduction in oil prices but more importantly those of such goods/services. Otherwise any effort of the government to curb inflation (which is at its 25 year high) will be meaningless. Chong Siew Ean - Chong Siew Ean Sat, 02 Aug 2008 16:12:41 +0100