MALAYSIA PETROL & DIESEL Price RISE!!!

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AHHHHHHHHHHHHHH........... Is this time for start Panic? Price of petrol in Malaysia rise 40 % from RM 1.92 to RM2.70. 78 cent increment is to much for me... I can't imagine what going to happen to Malaysia economy after this action taken by the government. for sure the price of most of the goods will rise. Maybe when i wake up tomorrow the price of roti canai going to be RM 2 per piece? a glass of tea tarik at RM 2.50? how about drive my car? should i start thinking about using a bicycle to go to my office that located almost 50 km from my house? or should i use the public transport that not at the stage that we can proud with? Government also announced last month that the will be no subsidy to bas fare ( RAPID KL)? If Government want to give rebate? how do they want to give to more that 10 million car and motocycle user? I am scare now... any comment from all of you?