The government says it is planning to come up with measures to help petrol dealers cope with the weekly fuel pricing system as well as declining trend of oil prices, Bernama reports.

According to domestic trade, cooperatives and consumerism (KPDNKK) minister Datuk Seri Hamzah Zainudin, an announcement related to the ministry’s effort to help petrol dealers will be made sometime next week following a meeting with oil companies

“The people are very happy because prices are going down almost every week, no complaints from them but on the top of that, for dealers they find that they are losing money. When the prices go down, whatever stocks they hold, even though it was last week’s price they have to sell the balance at loss,” he said.

“So we have to do the calculation, then I will have a discussions with petrol companies by next week,” he explained, adding that the matter had also been raised with second finance minister, Datuk Johari Abdul Ghani. He said there were certain strategies that can be implemented to assist petrol dealers.

Petrol and diesel prices at the pump fell for the second week running, with RON 95 petrol currently going for RM2.05 per litre, RON 97 petrol at RM2.31 per litre and Euro 2M diesel at RM1.94 per litre duing for the June 8-14 period.