Saturday, 7 June 2008

Malaysia steep oil price increase

This was a remarkable week. Malaysia government decided to increase the oil price suddenly. We all know at some point, the price increase is inevitable. But, clearly, the timing of the event, disappoint everyone.

From the discussion of banning foreign vehicle for the cheap petrol to the methodology of imposing the ban, it shows again people talk loud without thinking. I think that's the culture embedded in the Malaysia administrative people now. When they see or thought something, they quickly shout it out, without careful thinking process.

First, the ban of foreign vehicle for the cheap petrol is difficult to execute. That brings a few round of hu ha. Then, out of sudden, the petrol price is to increase overnight. The outrage and the disbelief on the ground is high. The increase should be done gradually for people to at least plan for it. We have more to see in the August when further measure would be announced. Not sure what are they going to come up with.

For now, everyone should start to change their driving pattern. At the land of poor public transport system, driving is not really an option, it is a must. That's why everybody owns a car. To cope with the high oil price, people should start thinking of car sharing or downsize the car. Radical approach has to be taken to save the pocket. Or tighten the belt.

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