Cost of Living and Petrol Prices
Dato’ Paul Selvaraj, CEO, Federation of Malaysian Consumers Association (FOMCA)
15-Jan-15 15:00
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In the past, when prices of petrol increases, people are resigned to an across-the-board increase in the price of goods and services. However, since the introduction of a managed float system last December, petrol prices have dropped for two consecutive months, yet there are no corresponding drop in the price of goods. CEO of the Federation of Malaysian Consumers Association (FOMCA) explains this discrepancy.
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