It is not a surprise from the government to increase the petrol price on the 1st day of 2017. The weakening of Ringgit of course has not affected anything, as according to our government, except a long list of upcoming commodities especially traders would want to earn more during the upcoming festive season. RM0.20 increase for RON95 and RM0.15 increase for RON97, which is good enough to reap in millions or even billions especially for the back-to-school and festive month where traveling is inevitable for most of us.
Even diesel has increase by RM0.20/litre. Thank you, Malaysia, for giving the rakyat an early 2017 present. Again, the government has many times re-iterated there is no need to worry on our weakining Ringgit, although it is the worst performing currency in the region. This will only affect our business, spending, etc...Your money in the bank remain the same, RM1 million is still RM1 million!
