Budget doesn't have to be brought forward. Most people have the
misconception that prices are fixed based on current rate. If that
being the case, we would see fluctuating rates on a daily
movement.
When price of oil was rising during the last middle east crisis,
did we see citizens calling for the govt to raise prices and
tariffs? Why are we demanding for prices to be cut now then?
Prices are calculated based on a moving average and any rise/fall
in price takes into the consideration of cost of material
(purchased over a period of time). If the govt bought enough supply
of oil when prices are down, they will be able to maintain the
tariffs for a longer period. However, when these supplies run out
and new supplies are acquired over a higher price, then tariff
rates need to be raise to compensate for the change.
