Effect of Hiking Fuel Price to Society

Money is always an issue in today's era of materialism. Most people need it for basic survival while the lucky few indulge in luxuries without worrying about money. In my opinion, I strongly agree that the rising fuel price has pushed up the price of other consumer products and this will definitely affect the society. In this essay, I would like to touch on the effects this price increase has on society today, namely increasing vice activities, widening the gap between the rich and the poor and affecting the population trend in the long term.

               First and foremost, society will immediately be affected by the rise in fuel prices because consumer products will be more costly and this leads to an increase of vice activities. This is because basic necessities such as rice, flour, sugar and so on will be in great demand and some warehouses will store or hoard the items to further increase the price of the product. Moreover, in the newspapers today, reports of smuggling of these items prove that this vice activity is on the rise. For example, the recent sugar price hike caused a furor among the Malaysian society as it costs more fuel to travel to and from the supermarket and when arriving, most places had run out of stock even though the government had allocated 2kg of sugar to one person. Therefore, the fuel price increase had definitely caused more hardships to society today.

             Secondly, it is undeniable that the rise in fuel prices leads to the widening of the gap between the rich and the poor. This is due to the fact that people are greatly affected by the price of basic necessities such as food and fuel in particular. Furthermore, the rich people will still be able to afford such things but the poor will face greater challenges as the popular saying goes: "The rich get richer, and the poor get poorer." For instance, when money is used to purchase consumer products that are necessary for survival, then less money will be spent on health and dental check-up, educational purposes and others. Thus, it is clear that the fuel price hike will further stress on the differences between the rich and the poor which is such a tragedy.

                Last but not least, in the long term the population trend or demographics of the society will be greatly affected. This means that new families will consciously decide not to have too many children in order to increase their quality of life. In addition, society is now more aware of birth control and family planning so this will greatly reduce the population as most families will have 1 to 5 children instead of more. Take for example, new families with less children will surely spend less on basic necessities like food, clothes, transport and many more. Hence, the demographics of the whole country will be affected and this in turn will reduce our workforce which will affect our country's productivity and prosperity.

                 In short, there are many short term to long term effects of a fuel price increase which includes more crimes like hoarding and smuggling will occur and this leads to the widening of the gap between the rich and the poor as well as a change in the society's demographics. I still strongly believe that the rising fuel price has pushed up the price of other consumer products and this will surely cause a negative impact to society. The government must find a way to stabilise the fuel price at a reasonable rate so that it does not affect the productivity of this country towards achieving the aspirations of the nation for Vision 2020.