Tuesday, August 19, 2008

PETROL PRICE AND COST OF LIVING

We all can expect petrol and diesel prices to be cheaper from 1st September 2008 but the prices of other goods which have risen will not fall and so will not our overall cost of living. If PM had been patient and staggered the petrol/ diesel price increases, the impact on our cost of living may not have been that burdensome. Increasing and adjusting salaries will assist the young and income earning to sustain the higher cost of living but not those who have retired especially from the private sector. Also the more elderly who are least marketable will also be adversely affected. These sectors of the population who have limited capabilities in adjusting to a higher cost of living will form a perpetual group of disgruntled voters. Thank you PM, the country could not have appointed a wiser and capable Finance Minister in these challenging times.

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