4th Jun, 2008

Fuel price hike. Bye-bye long drives to Ipoh…

petrol.jpg
Spelling blunder aside, this drawing perfectly illustrates how most Malaysians feel right now.

So, Malaysia has hiked up the price of petrol by about 41%. Starting midnight, fuel will cost RM0.78 more. So, my weekly RM40 petrol budget will become … RM57? Ouch!

A colleague just reported that a friend of hers called to say that roads are jammed up from people racing to petrol stations to beat the midnight deadline. (Malaysians are so kiasu…) In Ipoh, Chris had to face a long line of cars while filling up for petrol. Let the madness begin!

Malaysian bloggers are ranting about the whole thing now. I don’t think that they will be pleased to know that on top of that, electricity charges will go up 18%. I expect toll rates to go up too. Naturally. Then it’ll be the price of wan tan mee, and God knows how many 1001 things.

Who could blame people for being upset? Economically, things are not rosy on the home front. While petrol prices are going up, salaries are still static.

And the government tells us to “change our lifestyles”. I assume they mean take more public transport or something. (They also asked us to eat less rice at one point during the rice shortage thing). This is all great IF we had a good public transportation system. We have a crappy one.

When I was in San Francisco, I enjoyed their public transportation so much because it was so seamless and efficient. Plus, the city is so well organised and compact you can literally walk everywhere. You can’t really do that in KL as not only do our roads not adhere to a a grid system, there are not many pedestrian sidewalks. Plus, the weather isn’t conducive to much walking too.

A lot of people will probably think it’s the government mainly being greedy and all that. But the truth is, we’re not alone in this: fuel hikes are happening all over the world. It’s a little eerie, actually, because I’m reading this doom and gloom book - The Long Emergency (read an exerpt) - which predicts the effects of the depleting oil reserves around the world. Fuel hikes is one of them. Social unrest is almost guaranteed. And, yeah, wars. The world will probably devolve technologically because so much technology is dependent on oil. Diseases will return with a vengence because pharmeceuticals are also dependent on oil.

The book goes on to say that our children and grandchildren may not be able to travel in planes like we do. Air travel as we know it will become extinct in a few decades…

Let’s hit the sake, folks - it looks like it’s going to be a rough 21st century.

PS: My post-apocalyptic fundamentalist Charismatic roots is saying that the anti-Christ will probably “save the world” with an energy solution. What better way to be world saviour, right? Heh, so look out for the man!

Responses

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you think RM0.78 is bad?…the last time i checked the petrol prices here in Oz, its $1.52 and they are predicting it will go as high as $1.60. I feel sorry for those who drive from the outer suburbs into the fringe of the city and take public transport into the city because it is just too expensive.
You know what is ironic? with the way how society is nowadays…i think good manners,values and consideration would also be up there in the list of extinct, no just materials.:-)

It might also be because Petronas bought a HUGE stake in coal seam gas over in Queensland less than a week ago. I can’t remember if it was AUD$12Billion or AUD$1.2Billion, but which ever, it’s a lot of Rambutans in anyones language. [Couldn’t find a link to it].

An awful LOT of the world is currently investing in Australia for our natural gas reserves. I know they were saying last year there is enough to keep mining for 70 years, but the more investment that’s made, the quicker it will run out. :-(

I’d say the petrol hike, other than being to compensate for the rise in world petrol prices, is to make up the money they spent on the Coal Seam Gas investment.

RPereira - You must be in the eastern states. I haven’t seen it that low in WA for ages. All around about $1.90 a litre at the moment. And now, Fuel watch isn’t to blame [regardless of what the Liberals say], because it was higher over here in WA when I first arrived from Sydney, which was before Petrol Watch was introduced.

Dabido, I am in Victoria and the latest fuel price now is $1.65/litre(the last check). We live in the city fringe therefore are still fortunate enough to be able to commute to and fro using the public transport quite conveniently and most time am thankful that I am able to move around using public transport because it is not just the price of fuel we have to deal with, it is the price of parking and its time restrictions .friggin greedy council has been limiting the amount of available free car-parks

Well, over in EU, it’s about EUR 1.5, and in UK? Of course it’s higher. I heard that it will go up to EUR 2. Great huh? :)

Though we aren’t comparing it properly, ‘cuz M’sia does have oil that is used as an income. In Belgium, we don’t even have any money-making natural resources except Spa and probably beer. Heck, it’s not like EU is filled with precious natural resources.

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