Our prices of petrol are similar to prices of commodity stocks in the share market. They fluctuate.
In the wake of the escalating global prices of oil due to shortage, our government’s effort to decrease price to curb the nation’s woe have owners of petrol kiosks worried when writing purchase orders for replenishment of depleting stock. If petroleum is low, it is understandable you have to stock up your supply. What happens if there is a sudden decision by the government to decrease the price of petrol? Overnight you have to sell your petrol at a lower price. Buying at a higher price and then selling it out at a lower price? It is obvious you are running your business at a loss.
This is the main reason why there were shortages of petrol at some petrol kiosks during the Raya holiday. Owners are hesitant to stock up for fear the decrease in sales prices will affect their accounting figures. I visited the petrol station at Section 19, Subang Jaya last Saturday. Notices of “stock out” were placed on all V-Power pumps. I was lucky I was able to fill up with the regular unleaded oil. Some petrol stations were completely dried up.
In whatever we do, we have to be firm in our decision. To increase or not to increase. To increase and later to decrease will not help the nation. The increase in oil prices has help to increase prices of all goods and services. But when prices of petrol drop will prices of goods and services decrease as well? No, definitely not. They remained unchanged.
Our government failed to analyze this oil crisis rationally and intelligently. It has, in fact not helps us but left us at the junction of a crossroad – to spend or not to spend. To spend we have to readjust our budget for we are short of 40% in our income. Not to spend will stagnate our market activities, stiffen our economic growth and have us staggering into an financial stress.
I only know that business has to flow from hand to hand for a healthy economy and a prosperous nation. Now that the United States and Britain and gradually Europe too, are experiencing a miserable economy, when it reaches us can we survive?
In the wake of the escalating global prices of oil due to shortage, our government’s effort to decrease price to curb the nation’s woe have owners of petrol kiosks worried when writing purchase orders for replenishment of depleting stock. If petroleum is low, it is understandable you have to stock up your supply. What happens if there is a sudden decision by the government to decrease the price of petrol? Overnight you have to sell your petrol at a lower price. Buying at a higher price and then selling it out at a lower price? It is obvious you are running your business at a loss.
This is the main reason why there were shortages of petrol at some petrol kiosks during the Raya holiday. Owners are hesitant to stock up for fear the decrease in sales prices will affect their accounting figures. I visited the petrol station at Section 19, Subang Jaya last Saturday. Notices of “stock out” were placed on all V-Power pumps. I was lucky I was able to fill up with the regular unleaded oil. Some petrol stations were completely dried up.
In whatever we do, we have to be firm in our decision. To increase or not to increase. To increase and later to decrease will not help the nation. The increase in oil prices has help to increase prices of all goods and services. But when prices of petrol drop will prices of goods and services decrease as well? No, definitely not. They remained unchanged.
Our government failed to analyze this oil crisis rationally and intelligently. It has, in fact not helps us but left us at the junction of a crossroad – to spend or not to spend. To spend we have to readjust our budget for we are short of 40% in our income. Not to spend will stagnate our market activities, stiffen our economic growth and have us staggering into an financial stress.
I only know that business has to flow from hand to hand for a healthy economy and a prosperous nation. Now that the United States and Britain and gradually Europe too, are experiencing a miserable economy, when it reaches us can we survive?
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