Monday, June 11, 2012

Penny wise Pound foolish

Petrol prices increased... again.

A very familiar scene on the day before the price hike is a long queue in every petrol station you can see. This is a classic illustration of the Penny-wise-Pound foolish saying.

Lets get some perspective.

-> The hike in the price of petrol is rupees 8 per litre.

-> You probably saw the news, grabbed the car keys and rushed to the petrol bunk but a dozen or so other cars already beat you to it. You still wait for your turn. All the time, the car is on ( how can anyone stay without the AC? right? ).

-> You finally get your turn after half an hour of waiting.

-> You already knew at the back of your mind you won't get your tank filled.

-> You get around 10 litres of petrol.


Congratulations! You just made a mindblowing saving of 80 rupees. Hold on a second!

Weren't you waiting for petrol for half an hour with the engine on? Yes you were! You probably lost half a litre there. So your mighty saving takes a hit by 50%.

You still saved 40 rupees. And you look smug and gloat about it in front your friends later.

Just take the damn bus to work for a day and you will have saved a lot more than just money.





 

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