Thestar Online, 11 Oct 2008, Seah Chiang Nee
The man in the street finds it hard to understand why electricity charges have gone up when the price of oil - to which the gas for generating power is tied - has come down.
DAZED by months of paying more for almost everything except fresh air, Singaporeans found themselves hit again — by a big increase in electricity bills.
From Oct 1 they had to pay a mind-boggling 21.89% higher power tariffs despite the collapse in the oil price, the second increase this year; in January, the rates went up by 6%.
The latest series are bound to exert inflationary pressures on the economy, which is declining along with the stock and property markets. Singaporeans are girding up for real hardship ahead.
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