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.
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SERIOUSLY… since when the gomen is obligated to cover the dealers when the fuel price goes down; when the fuel price goes up, who covers us?
Minyak naik, Barang Naik.
Minyak turun, Barang maseh Naik.
DS Hamzah dan Johari taknak tolong B40 ker.
PDAM bising lagi? So far, whenever price goes higher, PDAM members make millions each. But when price goes down (which is rarely), PDAM members demand Government pay them compensation.
High time, all petrol lesen is open to all 30 million people in Malaysia. Don’t give it to a selected group like the AP permits. Give it to every deserving Malaysian who can afford to run a petrol station.
The PDAM are a bunch of greedy cry babies. If they cannot compete, open the lesen up to everyone in Malaysia
Btw, what happened to the supposedly price war by station operators?
Gomen said this would be healthy as some stations can sell below the official price.
What happened? PDAM so stingly, cannot even drop 1 sen for the rakyat but demand gomen to pay them billions.
We all know there is abuse. Some individuals also got about 15 stations each.
By the way, can I ask one thing, the past 20 yrs, PDAM members have been reaping millions each. Why they never saved up that money? Even small station make nothing less than RM100k in clean profit. That is after costs. Untung bersih.
Why they never saved the past 20 yrs?
MY Petronas more than happy to buyout those cryin PDAM dealers.
I would like to thank our Gov for protecting our petrol dealers. Small business can’t survive if it’s free competition
Petrol station operator must work smarter
I hope petrol prices go down for Ron 97
I hope that petrol price goes up so that everyone use public transport
My Bangladeshi pump attendant in Shell told me he earns RM10k per month filling petrol. His gaji officially is RM1200 but he uses his own BonusLink card to swipe for points for other people.
9 out of 10 cars don’t bother about BonusLink points, so, when he fills up, he swipes his card. About few hundred cars per day.
He told me he gets so much of barang from BonusLink which he sells to make his RM10k untung per month.
I must thank PDAM for this. Calculate that with thousands of stations. So much of money goes back to Bangladesh.
We must thank PDAM for all this. Besides not employing Malaysians, PDAM allows so much of money outflows to foreign lands.
Why dun u work as pump attendant then if u claim can earn 10k a month?
Jangan nak kencing ler. Dpt reward points 100,000 pun boleh beli hair dryer, mana ada rm10k. Awta…poodahh!!!!
Saya suka minum pepsi sejuk dari Caltex
Hilarious…..
for those stupid service station operators, here i give some easy tips. first, when fuel prices go up this week – all the excess profit u made – keep it aside. dont spend. second – when fuel prices drop, use that excess profit to cover up. itu pun nak ajar ke. time untung takmo komplen. bodoh.
Tabouleh…when fuel prices go up or down orso mau untung kaw kaw. How?
Siapa buat business tak mau untung?
Hmmm…Proton??
IF the richest man in malaysia,Tan Sri Robert Kuok were to behave like these PDAM members,he would have gone bankrupt or remain a small sugar retailer.
Tan Sri ,said in business,there is RISK.No such thing as everlasting perlindungan.Now,a BIG UMBRELLA HANDOUT is coming to these crybaby PDAM members.Just pathetic.
The moment money comes in, straight away buy Ferrari and show the Abah and Ibu from the kampung they have done well.
No such thing as saving for a rainy day. Half the time, like the AP system, they sell it off to Ah Chong to run the business.
Currently, all petrol stations, instead of giving jobs to fellow Malaysians, they give jobs to Bangladeshi.
Gomen give you AP or petrol station lesen to create jobs for locals. But these 2 guys, give jobs to Bangladeshis.
Nearly every petrol station is FULLY run by Bangladeshi. TENS of BILLIONS of ringgit outflow to Dhaka instead of circulating within the Malaysian economy if petrol station gave jobs to Malaysians
lcky Diamond
In bolehland,when Protong fail….bailout RM Billions
When MAS fail……..bailout RM Billions
When BBMB fail…….bailout RM billions
When PDAM sakit sikit…Bailout/handouts RM Juta juta…
Bolehland….the land of perpetual perlindungan.
Purely shambolic behaviour.
Whr got so many bailouts wor??!!
Rugi highway concessions, 1Mdb, Mara, Perwaja onli whatt.
Lu tak suka pergi Sg lah
“The people are very happy because prices are going down almost every week, no complaints from them…..”
Stupid menteri, who tells you the people are happy??
PDAM sapott weekly pricing & now crying…
Apa lagi PDAM mau ?
where is petrol price calculation ? when to disclose to public ?
pathetic..tongkat style business culture
If Proton can why can’t petrol dealers?
dey… u go googling la.. few guys on fb can predict ups and down by on the net information..
u are the one need tongkat.. everything need to spoonfeed… suxkers
Bikin Bisnes kat Mesia xde istilah rugi….protek protek
Seriously, did gomen even conceive of covering us when the fuel price goes up?
some dealer having problem maintaining their ferrari…
After easing the petrol dealers burden, can U please eased poor M’sian burden too. I think there are more poor people who needed help compare to those dealers don’t U think so?!
If I say – This must be the Best place to do business bcos U can only UNTUNG UNTUNG. No risk doing business at all. Am sure many commentators here also want to do this business including john. Anyone disagree please “dislike”.
Pls reduce car tax and duty.
Reduce car tax increase traffic jam how?
In kangaroo land downunder,the petrol price fluctuates DAILY.How come the orang putih can manage for donkey years without closing shop?
R they cleverer than us?
These goes to show the childish behaviour of these PDAM members.
During good times,plenty of merc/bmw,cun cun amoi,play golf,7 star hotel celebrations.
Bad times,just shed croc tears,complain to some politicians n get handouts.
This is a big ripoff,using tax dollars.
Not only fluctuates DAILY, each petrol station have different prices too. That is called Free Enterprise
Kerajaan prihatin. Dealer pun dia jaga, rakyat pun dia jaga. Ada yg dah turun.
Ada yg dah naik bang. Harga ikan naik 30% sejak awal Ramadan
Ikan naik jgn makan ikan. Makan ayam. Ada yg dah turun.
Harga kangkung sudah turun. Otaknye yg kan-kung
Ikan naik, mkn ayam. Ayam naik, mkn kangkung. Ada yg dah turun.
Trying so hard. Lol
Sorry how the other advanced countries make a living out of fossil fuel? Why can’t they follow the proof and tested method from the UK or any other European countries to sell fuel on the forecourts. Something seriously wrong with our business people. The government can’t keep baby sit these failed business graduated.
Untung turun, dunia sudah mcm mau kiamat. Tp bila brg naik, tol naik, harga kereta naik semua naik apa kerajaan buat utk bantu rakyat? Oh ye, nanti ada yg suruh work hard tak pun suruh buat lapan kerja.:-(
how? go back old subsidy way and stabilise price laaa
allow dealer to buy in small quantity from producer…less quantity keep…less loss..less profit…
baru berapa bulan dah mintak tongkat?
EASY, it’s the middlemen/orang tengah who sells the petrol to the dealer, are the problem.
They are the ones who sell at higher prices even when the global oil price has gone down. They’re the culprits!
So that’s why petrol dealers must sell at higher price.
The greedy middlemen are the culprits!
Find who they are and you will know…
What’s so difficult? Just do your inventory calculation properly and don’t over order your petrol lah. Bodoh
Isnt this case contradict? First of they just said when the prices goes down they suffer loss, but how bout before this 2 weeks drop they was 2 week hike? So during the hike isnt the previous week cheaper petrol stock let them earn more?
P1 is no longer a national car, no longer need protection either. Abolish whatever bullshit taxes levied on cars first.
Free float fuel prices. G not to interfere too much.
Also, remove BR1M. Wage rate re calibration. Improve education system.
And remember to collect back the debts from P1. Rm1.5bil
And remember to collect back the debts Rm2.6bil
Never forget!
Why dun u collect urself?
It has become a norm for some Malaysian to ask for protection when doing business. If there were to be a system to overcome the so called ‘lost’when petrol prices go down, why not fixed the profit margin like 15 sen per litre for the dealers. Calculated base on the total number of petrol sold, the fluctuation of petrol prices wouldn’t affect their profit margin. The rest is left for the government and those in the petroleum industries to handle.
Kerajaan sibuk nak membantu golongan yang acah-acah susah. Ramai lagi orang yang betul-betul susah. Bisnes jual minyak bukan untuk orang yang berikat perut makan aementara nunggu hujung bulan.
Once again we proved how incompetent we can be, just make changes without proper planning. And yet they dare to declare that petrol dealers are free to put their own price as long as it does not go above the ceiling price and it never happened. Come on people, do you really want these people to continue dominating our lives? One moment this, one moment that, syok syok U-turn. Well, we have a chance to change that. Don’t waste the opportunity folks!
How bout when petrol price was up. They don’t earn?
u see la, the solution will be increase their profit margin….and set higher price..
lol…those open petrol station must have some huge cash on hand (is a requirement) or they don’t follow???…..no profit a month will jump up and down?????
Previously, the govt revises the fuel prices every 6 months, then every 3 months and then, monthly revision. Now, weekly… each time prices gone down for 2 consecutive weeks, PDAM starts crying, making noises here and there. Every time like that.
PDAM knows rakyat cannot boycott petrol dealers so they can ask whatever they want from govt each time the prices going down. We r tired with their games already.
Govt should put profits gained by dealers when price goes up into a reserve (just like how all banks need to put into reserve at central bank). So they cannot gain all profits during times price goes up (some goes into reserve). But when price goes down, can give dealers money from this fund (up to a limit), to cover their losses. This way Govt don’t lose money covering dealers’ loss from taxpayers money.
Send gomen ppl outside learn how other countries does it well, they come back and mutate it become beneficial to only themselves… Sure problematic la implement like tad
What this basically means, there will be a 2-tier pricing mechanism. One mechanism is the current weekly pricing now. The other adjustment mechanism is to reduce dealer losses.
So, for example, if fuel prices are down say 5 sen next week, G will allow 2 sen down, rather than 5 sen. 3 sen is to buffer the dealers losses.
Conversely, if fuel prices were to increase 5 sen next week, G will increase it 8 sen to consumers, while dealers buy it at 5 sen. That 3 sen is also to buffer future losses.
maybe the government should take a look at the way it’s done in the USA. Prices vary from station to station and can change in a day. The difference? The petrol stations are allowed to sell petrol at the price they bought it for until stocks are empty. Then, depending on the price of fuel when they replenish their supplies, the price can either go up or down. This way petrol stations can recoup the funds they paid for the fuel. The flip side is they may lose customers if the competing station drops their price sooner than they do.
This is what free market should look like. This is what should be done here too. The government can set a suggested retail price for reference.
Well… Their convenient stores are already stealing away business from small grocery shops. That’s the nature of doing business. Competition.
I have a feeling, some kind of petrol tax is really coming soon…just like the tourist tax…:(
Just unfloat the price and back to the subsidy with fixed price if it’s too much problem in taking care of this party, that party, this group of people, that group of people.
Nature of forex lah. Sometime we lost, sometime we gain.
EV is the answer. Give subsidy to encourage people use EV and then no isues with PDAM plus clean environment…he
Gov should come out program like Petrol 1Malaysia. Malaysians with IC can buy at discounted rate at RM1.90 per litre and for foreign cars or those without IC will buy at very expensive price like RM5 per litre.
Better give support to petty traders struggling to make ends meet.