Fuel Price shot up !

5,June .Yesterday's 5.00pm announcement by the Cabinet that petrol prices increase by 75 cents should be a momentous ' add salt to the wound' move by the government. KLSE composite dropped 12.96% til 4.30pm of its moving up again reduced total drop to 4.45%. I guess it has been intentionally supported to offset the news after "5 pm". What an obvious maneuver ! However, today big slide in Composite came in no surprise to the expectation. Be braced for the spiralling effect of the increase to the whole country inflation rate in tandem with slowdown in the Western countries.