KOTA KINABALU: Consumers in Sabah are worried that prices of food and other goods will spiral following the latest round of fuel price increases.
Chief Minister Datuk Musa Aman said he was hoping there would be no further price increases.
“Though the latest price increases were unavoidable, they are bound to have some impact on the state’s economy,” he said after leading state leaders and dignitaries in laying wreaths at the servicemen’s memorial at Jalan Penampang to mark Warriors’ Day yesterday.
Sabah Consumers Association president Patrick Sindu said the price of a loaf of bread had increased from RM1.80 early this year to RM2.50 over the past two months.
“Our worry is that the price could go up to RM3 with the latest round of fuel price increases,” he said.
Noting that much of Sabah’s rice was imported, Patrick said the worry was that the price of staple food items could increase as transportation cost might go up.
“Generally, the price of goods in Sabah had increased by about 20% since the beginning of the year and there seems to be no end in sight,” he added.
Sabah United Women Association life president Christina Liew said many people were still adjusting to the fuel price increases on May 2 when the government announced the latest price increases on Saturday.
“We can do without any more increases,” she said, adding that the fuel price increase would affect manufacturing and transportation industries. And these would be passed on to the consumers.
Chong Fui Shipping Sdn Bhd managing director Datuk Chong Fui said the operational cost for most transport companies had increased by 40% over the past year.
“Transport charges will have to be increased by about 10%. The situation will be clearer next week after we work out the details,” he said.