Some fear rise in fuel prices will have domino effect

  • Nation
  • Sunday, 31 Jul 2005

PETALING JAYA: The increase in petrol and diesel prices is likely to push up prices of other goods and services, according to those interviewed. 

Consumers Association of Penang president S.M. Idris said that every time fuel prices increased, businesses would follow suit and raise prices of their goods or services.  

“As a consumer group, we are disturbed over the frequent increases in the price of fuel,” he added. 

KL and Selangor Indian Restaurant Owners Association founder Datuk Doraisingam Pillai said the transportation sector would charge more and this would affect prices of goods and services.  

“Although diesel and petrol prices in Malaysia are one of the lowest in the Asean region, it may not be long before we level up with other countries. 

“We are concerned with the price increase as it will push up the inflation rate,” he said. 

Seputeh MP Teresa Kok said that while petrol prices had gone up several times, salaries had remained the same. 

“When I meet businessmen, they tell me that business is slow and express concern that increasing petrol prices may slow down the economy further,” she said. 

Related Story:Petrol prices go up again 

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