Posted: 05 Sep 2013 02:40 PM PDT
It's been coming for a while, and now, it's finally here.
On 2 September 2013, fuel prices in Malaysia rose considerably due to the reduction in subsidies by the Malaysian Government. As a result, both RON95 petrol and diesel now cost 20 sen more for every litre – which is an approximate 10% jump compared to the previous prices.
Whilst there's no faulting the Government's intention (which is to strengthen the nation's fiscal deficit position by reducing fuel subsidies), there is no doubt that the price hike would affect the lives of Malaysians. For those who drive a long way to work or live on shoestring budget, that additional hundreds of Ringgit to fork out on fuel every month could even lead to drastic changes in lifestyle.
Nonetheless, the new fuel price is now a reality; and if this is affecting you in a big way, you will need to react accordingly to help ease the increased financial burden of owning and driving a car. Obviously, spending money to keep your car in tip-top condition and buying a more fuel-efficient car are some of the things you could do. But not everyone has the funds to do so over the short term.
In this article, we'll explore some viable methods the Malaysian public can adopt to combat the recent price hike on fuel, without spending additional cash from your wallets:
1) Drive Less Aggressively
Everyone knows that aggressive driving (such as rapid acceleration and braking) uses more fuel, but what you may not know is that it could decrease your fuel efficiency by a whopping 33%! According to the US Department of Energy, aggressive driving at highway and in town reduces your gas mileage by 33% and 5% respectively. To put it in Malaysian context, you'll be burning off RM24 for every 35-liter tank of RON95 petrol simply by driving with too much aggression on the North-South Highway!
What to do : Drive safer
Your Potential Saving : Up to 33%
READ MORE HERE
Posted: 05 Sep 2013 10:53 AM PDT
1. Shifting to more targeted assistance for the poor
Thus, the net result of the BN's actions will be to increase both inflation and the subsidy bill.
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