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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.