Wednesday, October 15, 2008

Are businessmen having social obligation to lower prices?

The government announced again a reduction of RM 0.15 in the price of petrol to RM 2.30 a liter and 20 sen to RM 2.20 for a liter of diesel. This is the third time the government has brought down the fuel prices since it cut subsidies in June.

Undeniably, the business-mindedness of a businessman is to profit as much as possible by exploiting the consumers. It is really impossible for them to voluntarily lower the prices of goods in line with the drop in the fuel retail prices.

Datuk Seri Abdullah Ahmad Badawi said the traders should voluntarily lower the prices of goods in line with the drop in the fuel retail prices without waiting for the government to act. “It is their social obligation,” the prime minister said.

Abdullah also took a swipe at some consumer associations for leaving it to the government to monitor and overcome the problem of high prices of goods without lifting a finger to help.

He gave an assurance that the government would take action against traders who quoted excessively high or unreasonable prices for their goods but said that it needed the cooperation of consumers.


Anonymous said...

they are not going to reduce prices, When hike, no way to go down. Enforcing unit should take action.

superbrain said...

consumer associations has no power to excise unless by boycott. But the reality is the leaders have no benefit by doing so. Only the authorities which have the power need to act, that is their responsibilities.