While
the Malaysian GST started to be effective on 1st April
2015, public are worried on their daily life due to the increment in
cost of living with the same income level, therefore the Malaysian
government had maintain the basic food items, education, healthcare
and medical to be exempted from the GST in order to ensure the
citizen quality of life would not be affected by the GST.
According
to our Prime minister Datuk Seri Najib Tun Razak, the petrol of RON
95, diesel and LPG confirmed to be exempted from GST to avoid the
increment of cost burden to the public as the result of increases in
petrol through the GST. In theory, the products price should not
extremely increase due to the exemption of petrol that would not
increase the sellers cost burden, however, in practice, the increases
of products price might caused by many reasons such as the anxieties
of the public, fall in currency rate and others. People are worried
and anxieties of the products prices and the anticipation and
expectation of future inflation might cause the fluctuation of
current products prices and please take note that, the changes in an
economy and the prices movement would not only be influence by a
single factor but the combination of various factors.
