The petrol price reduction is really nothing to cheer about.
According to malaysiakini Govt set to cut petrol price by 10 cents - news report you can see that the price reduction is only 25sen down from the hefty 78sen increase in June.
Within a space of three months, we have seen three price adjustments and the unfortunate result is that the inflationary effect of the major increase in June is not going to be reduced by these 2 smaller decreases.
It seems that the authorities panicked in June instead of going for a series of gradual increases like 30 to 35sen in June and without the cumbersome price rebates exercise.
Are we supposed to be grateful for this?