The crude oil price has dropped in the past few weeks. In
Let’s make the thing clear: Inflation is caused mainly by the rising commodity price, which in turn is caused by rising transportation charge and fertilizer cost. Trucks and buses run on diesel, not petrol. Taxis run on either diesel or natural gas. Airlines don't buy jet fuel from your neighborhood petrol kiosks. You won’t save a lot of money even if the government reduces the petrol price from RM2.70/liter to RM2.50/liter.
Should the diesel price be reduced? When the government hiked the diesel price in June, truck firms jumped on this opportunity to raise their transportation charge. However, I seriously doubt they would respond should the diesel price go down.
For that matter, I prefer to see the petrol price remains high. It may also be pointless to reduce the diesel price unless the government can force the truck firms to also lower their charges. We should, instead, do something to save the environment.