Diesel at $1.563 per litre.

March 5th, 2008

That sucks! It’s a 347% increase in 4 years!Now my cost per km is up to $0.14 per km or. US$0.16/mileS$1.563 = US$4.25/gallon! for my USA friends.ArghOn top of that with crazy rising ERP/Parking surcharges, I’m getting hammered like crazy by the inflation here.Just yesterday I was charged $11 just to park 2 hours in the CBD.3 New ERP Gantries coming up right outside my home by November.GST up to 7%  despite projections of a budget deficit of $0.7b,  this year’s budget surplus was like 7x ($4.7b).Hospital Means Testing coming soon too! Grand Theft.Even the Hong Kong Govt is nice enough to cut the 40% tax on Alcohol. What a great way to celebrate in HK! Official Inflation for January in Singapore was 6.6%. Yes 6.6% for just ONE MONTH! If annualized, that would be 79.2% in yearly inflation!  


3 Responses to “Diesel at $1.563 per litre.”

  1. JH on April 5, 2008 1:57 pm

    Actually, the inflation figures you quoted were compared on year-ago prices, so it’s 6.6% compared to Jan 2007, not Dec 2007!

  2. Justin Lee on April 5, 2008 2:16 pm

    icic ok will read properly next time

  3. JH on April 7, 2008 12:13 am

    Haha no problem la.. hope you’ve been well!

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