Thursday, June 5, 2008

New Petrol Prices - Malaysians Are Suckers

Pic by the Sun. Motorists queue up for fuel at a petrol station in Kuala Lumpur before the price increase at midnight on June 4.

The recent hike of petrol prices
by 78 sen to RM2.70 a litre made Malaysians scream.

Malaysians complain that the price of petrol is ridiculously expensive at
RM2.70 per litre, but they are willing to pay for a mug of coffee (approximately 300ml) at Starbucks at RM8 - that means a litre a coffee is approximately RM26.64.

Comparatively, 300ml of petrol is only 0.81 sen (you do the math).

Coffee beans are relatively cheap as it is produced in 3rd world countries.

What special expertise does it take to "produce" a mug of coffee ? Nothing much.
A RM4.50 per hour waiter (opps...Barista) ? Absolutely not.

No high technology or expertise required, at all, to make a cup of coffee compared to producing petrol - there are high costs for exploration, extraction, research, scientists, chemists, engineers etc etc just to produce the final product.

Why then are Malaysians still willing to pay so much for a mug of coffee when its is so cheap to produce compared to petrol ?

The worst part is that most Malaysians don't even know what they are drinking.

Please post your comments.


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