Wednesday, March 02, 2005

Pensioners worst hit by the inflation.

Beginning today the price of diesel has increased by 5 sens per litre.I had expected this to happen a few weeks ago when there was a hue and cry in the media that the country was facing a shortage of diesel due to our diesel being sold illegally to neighbouring countries of Thailand and the Philippines .I then believed that the scenario was purposely created in order to justify the price increase .The authorities surely knew that the petrol stations at the border towns were frequented by vehicles from across the boarder .Why didn't the authorities placed their enforcement officers at these places ? We were told that these vehicles were fixed with additional tanks in order to purchase more diesel .Why weren't the enforcement officers not put on the carpet for failing to take action against these petrol station operators for selling diesel more than the amount allowed ?
Actually these activities has been going on for quite some times right under the nose of the petroleum companies .If the petroleum companies were really serious about it they should have enforced a quota of diesel supplied to these petrol stations at the boarder towns.Instead they supplied extra diesels to them in order to boost up sales .These are all business tactics .
Today the Minsiter of Entreneural Development announced that fares of taxis , buses and lorries would be increased next month .Wow , what the heck on the very first day of price of increase of diesel, the Minister announced the price hikes of fares of public vehicles .Culminating from the price increase of fares of public vehicles , prices increase of food products would definitely follow suit .So , this will give rise to another inflation in this country .Worst affected by the inflation would be the fixed income earners especially pesioners like me .As pensioners we get a fixed amount which is half of our last drawn salary prior to our retirement .There is no more yearly increments and it remain so until we kick the bucket . Those pensioners who do not have other extra income but still have school/college going children to support would be left to the mercy of no one .

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