The recent move to a weekly fuel price announcement should not pose problems if the changes are not too great, said Datuk Khairul Annuar, president of the Petrol Dealers Association of Malaysia in a report by The Star. Dealers’ fuel stock would be sold at a loss if the ceiling price is reduced by more than 10 sen compared with the week before, he said.
“We are hoping the weekly change will be five sen and below, and that the quantum is not too big so that it will not affect our profitability,” he said in an interview. Earlier this week, it was reported that changes in fuel prices will be announced every Wednesday, beginning March 29. Each new price announcement will be enforced the next day.
Consumers’ buying patterns would not be adversely affected if the weekly change was not too great, Khairul said, adding that the domestic trade, co-operatives and consumer affairs ministry (KPDNKK) had assured they would control the price war should there be any change in fuel price at the pumps, as any change from the ceiling price would require the ministry’s approval.
“Small players will go out of business if it is free competition,” he said. The PDAM was initially unhappy with the move to weekly price revisions, but later welcomed the decision.
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PDAM is so greedy. They make so much of noise when petrol goes down by 10 sen. Even had the cheek to ask Government to compensate them
But they forgot to say what happens when fuel goes up? They make millions. Many times fuel went up up up, they made millions. Petrol only gone down few times. They cry cry cry and ask gomen to compensate them.
Goes to show, must open petrol station licences to ALL in Malaysia. Every single person should be entitled to run a petrol station and not a selected few.
Walau apapun, diharap program pemberian petrol percuma kepada penunggang motosikal diteruskan bagi meringankan beban golongan memerlukan dengan kenaikan harga petrol dan sara hidup.
Cukurlah ada BN, petrol percuma diberikan
Naik motor pun nak minyak percuma ker . Mengada la kau nie . Income tax tak nak bayar..hospital bayar 1 ringgit . Sila meninggal .
i wonder, are we the first country in the world to do something like this?
We are like 20 years behind other countries that already implement this system.
be prepared to pay more if you allow oil companies to set the price. which company doesn’t like to earn more, who doesn’t like to have a big bonus, which ceo doesn’t like to have big stock options. the petrol price will end up like rm5 when crude oil price goes up but will remain at rm4.90 when crude oil price goes down. car tax should be abolished…use the $$ to subsidy the petrol. we are oil producer country right?
Float petrol price is OK on the basis 1. Show what is calculation to get the figures. And 2. Allow petrol companies to compete openly. Meaning if shell or bhp want to sell 8 sen cheaper than petronas, so let it be.
I though this will be allowed. Last time watched news in tv…..
Now government U-Turn already.Any lower price than ceiling price must get ministry approval. So, its back to square. We consumers are on the losing side.
the formula for APM is already out..stop dreaming.
PDAM is right. Small players will go out of business if it is free competition. That’s why we have protection in place for Proton, so that more consumers support our local products