Impending move back to weekly pricing for fuel might see stations running dry by January 1, says Bumipeda

Impending move back to weekly pricing for fuel might see stations running dry by January 1, says Bumipeda

It seems that the Petrol Dealers Association of Malaysia (PDAM) isn’t the only body that’s not chuffed with the government’s switch back to a weekly float system from next year. The Bumiputera Petrol Dealers Association of Malaysia (Bumipeda) is also lamenting the decision, and said motorists might even find the supply of petrol and diesel at fuel stations drying up by January 1 as a result of the move, the Malay Mail reports.

This is due to the refusal of fuel station operators to add up on their reserve supply by the end of the month, according to Bumipeda president Datuk Abu Samah Bachik. Such a move would simply incur losses, he explained.

“Certainly, we do not want to restock on fuel prices which would be at a higher rate at the end of the month, only to sell it for less from January 1 onward,” he told Berita Harian, which originally reported the news. He added that if the government had kept to a monthly flotation price system, stations could continue operating at a profit and keep up with their operational costs.

Impending move back to weekly pricing for fuel might see stations running dry by January 1, says Bumipeda

“The government’s decision to use the weekly floating system again, which comes into effect on January 1, is likely to cause problems for operators. I admit the refusal to restock on the fuel reserves might be seen as a protest, but it is a necessary step to ensure we do not experience constant loss,” he said.

The government, he said, should have invited petrol station operators to discuss the matter before coming to a decision. Abu Samah said that while the government’s responsibility is to safeguard the consumers’ welfare, running a petrol station was a business and operators need to bear running costs by generating profit.

“How do they expect us to continue operations and fulfill demand if the government’s decision is unjust when it comes to the mechanism setting the price of petrol on the market,” he said. He suggested that the best way to resolve the matter was to retain the monthly fuel price mechanism, which makes it easier for operators to manage the purchase of reserve supplies and the selling rate to consumers.

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Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.

 

Comments

  • What a nice place to live in this U turn government XD

    Well-loved. Like or Dislike: Thumb up 115 Thumb down 48
    • Aziz Mahmood on Dec 26, 2018 at 4:06 pm

      U-turn or not, they are not corrupted like the previous regime.

      We know the new clean government tries its best to save the nation, unlike the previous corrupted government.

      Thank God we rakyat voted for the new caring Pakatan government. They do not pay cybertroopers to spead fake news and like the same post 1000X

      We should not expect everything to be free

      Like or Dislike: Thumb up 118 Thumb down 114
      • John Cinta MO1 on Dec 26, 2018 at 4:10 pm

        cybertroopers will not prevail!

        Like or Dislike: Thumb up 12 Thumb down 5
        • Civic superb fc. Less trip to stesen minyak..

          Like or Dislike: Thumb up 7 Thumb down 4
          • Pointless on Dec 26, 2018 at 8:27 pm

            Malaysians can just complaining on anything. Please be grateful

            Like or Dislike: Thumb up 5 Thumb down 3
          • John Minum Teh 8X on Dec 26, 2018 at 8:28 pm

            There is a strict law that only 1 person can get one lesen. But during the previous corrupted regime, many Bumipeda cronies each got about 10 stations. Yes, you read that right. There are many kronies from the previous corrupted regime who have about 10 stations each.

            And these guys made tens of millions of ringgit each whenever price of petrol went up. At that time, they never gave Government back a single sen for the UNTUNG they made when petrol went up

            So shameful, now just one time price going down, they threaten the country

            Well-loved. Like or Dislike: Thumb up 116 Thumb down 14
          • P1mania on Dec 26, 2018 at 9:28 pm

            this all guaranteed profits skim need to stop. From borrowed money to e.g. ASB & TH 8% feedings… KWSP dapat 6% aje.

            Well-loved. Like or Dislike: Thumb up 62 Thumb down 5
          • The Truth About PDAM and Bumipeda on Dec 27, 2018 at 11:30 am

            Most stations in Klang Valley earn minimum RM100k to RM1 mil plus per month.

            No station earns less than RM100k per month.

            Time for these greedy dealers to give back to the rakyat.

            Like or Dislike: Thumb up 0 Thumb down 0
        • Pemalas Dolop Association Malaysia (PDAM) on Dec 27, 2018 at 12:02 pm

          Pls give up your license. Many people want it now also

          Like or Dislike: Thumb up 1 Thumb down 0
      • John Menangis Kuat Kuat on Dec 26, 2018 at 5:36 pm

        Bunch of lazy fellows. When petrol go up, these guys make millions in clean profit. Then they keep quiet. Now, when petrol go down, which is not often, they make big noise. Last time, they even asked gomen to subsidise their losses

        But most times it went up, they each make tens of million ringgit

        We should open the petrol lesen to everybody in Malaysia and not a selected few. This alone shows how lazy and incompetent PDAM is

        Well-loved. Like or Dislike: Thumb up 115 Thumb down 7
        • redpilled on Dec 26, 2018 at 8:18 pm

          where’s your anger for chicken egg farmers in Penang, of which 70% closed shop sighting high price of feed as reason to shut down, causing massive increase in egg selling price?

          when feed prices were normal, they make millions. now when feed prices go up, they shut down. always want to untung, cannot rugi sikit for convenience of rakyat…

          Like or Dislike: Thumb up 36 Thumb down 57
          • Zahid on Dec 26, 2018 at 8:32 pm

            this is a car site. We talk about car related. Petrol is car related. We do not talk about chicken farmers.

            Like or Dislike: Thumb up 32 Thumb down 7
          • redpilled on Dec 26, 2018 at 8:47 pm

            zahid
            different subject, but same argument. whats wrong with that?

            Like or Dislike: Thumb up 3 Thumb down 18
          • johnwhat on Dec 27, 2018 at 8:45 am

            who said there was no anger?

            rakyat voiced dissatisfaction till it made the news and to minister’s attention.

            what tempurung you’ve been living under?

            Like or Dislike: Thumb up 2 Thumb down 1
          • John Minum Teh 8X on Dec 27, 2018 at 12:10 pm

            Government should make sure all the PDAM members employ local people. All Petrol stations employ foreigners. Cheap labour. If you calculate the number of petrol stations in Malaysia- this deprives Malaysians of few hundred thousand jobs.

            PDAM cry they are patriotic and always ask Government for help but they themselves never employ Malaysians.

            Why don’t PDAM start giving back to Malaysia by emplying locals? So many locals got no job

            Like or Dislike: Thumb up 1 Thumb down 0
        • Ghani Othman on Dec 26, 2018 at 8:22 pm

          Just like AP holders, people give contract but so lazy to perform. Sell the AP to other people.

          Like or Dislike: Thumb up 28 Thumb down 1
        • redpilled on Dec 26, 2018 at 8:26 pm

          tens of millions ringgit? do you know how much commision is per litre? how much is sold? the overheads?

          do you concrete figures or are you just talking out of your arse, purposely making basesless claims to cast these dealers in a bad light to cover up the weakness of current admin?

          Like or Dislike: Thumb up 21 Thumb down 34
          • Advice for Bumipeda on Dec 26, 2018 at 8:41 pm

            Same type of workers in Proton. All lazy. Work hard please or give up your licence

            Like or Dislike: Thumb up 10 Thumb down 5
      • Jilakewei on Dec 27, 2018 at 2:34 pm

        Ah, the common my sides is good / the other side is bad. No wonder we had 27 years of BS, because on either side we have enough people to accept the bullshyt as long as its their side is winning and the other side is losing. Ptui!

        Like or Dislike: Thumb up 2 Thumb down 0
    • Pakatan Kuat Tidur on Dec 26, 2018 at 4:07 pm

      Takde apa pun berubah in the ‘Malaysia Baru’ era!

      Sama saja perangai

      Stop u-turning!

      Well-loved. Like or Dislike: Thumb up 84 Thumb down 10
      • John Cinta MO1 on Dec 26, 2018 at 4:17 pm

        The previous corrupted government also never fulfill their janji.

        30% reduction of car prices mana?

        The old regime only duit and provided dedak to cybertroopers like John.

        Then the same cybertroopers spread fake news and dengki because the new clean government took over

        Like or Dislike: Thumb up 38 Thumb down 49
        • This fuel station operators refusal to restock on the fuel reserves is actually they protest. Rakyat, our economy & govt held at ransom by snobbish greedy & sellfish them.

          Like or Dislike: Thumb up 26 Thumb down 2
          • John Minum Teh 8X on Dec 26, 2018 at 8:16 pm

            These pampered bunch of people are holding the country at ransom. It is like UGUT. They should all be arrested under SOSMA

            They are threatening the security of the country

            Like or Dislike: Thumb up 13 Thumb down 7
      • Ghani Othman on Dec 26, 2018 at 8:20 pm

        @Pakatan Kuat Tidur….

        Malaysia Baru and Malaysia lama is the SAME because political parties only have just changed.

        It is the same lazy people running the country who are always demanding for bantuan. Same people in Putrajaya.

        Like or Dislike: Thumb up 11 Thumb down 3
        • The same pipu in Putrajaya were the Oppo last year

          Like or Dislike: Thumb up 11 Thumb down 0
          • Nazhri on Dec 27, 2018 at 1:12 am

            The current pipu in Putrajaya gotta clean up the huge mess done by the current Oppo

            Like or Dislike: Thumb up 11 Thumb down 3
          • Isobel Chin on Dec 27, 2018 at 11:31 am

            The current ‘pipu’ told you they needed to clean a huge mess just to justify being there, but in reality, the mess was done by the current ‘pipu’ when they were there previously. You were easily taken by empty promises.

            Like or Dislike: Thumb up 3 Thumb down 0
        • Aziz Mahmood on Dec 26, 2018 at 11:15 pm

          At least now, corrupted politicians are punished.

          This was unimaginable during the times of the previous corrupted regime

          Like or Dislike: Thumb up 6 Thumb down 9
          • P. Alyanna on Dec 27, 2018 at 11:04 pm

            Back then, corrupted politicians are jailed. Now, corrupted politicians are in Cabinet.

            Like or Dislike: Thumb up 0 Thumb down 0
    • YB Albert on Dec 26, 2018 at 4:29 pm

      Wah Liao,,it seems like a form of threat to let the pump run dry n let motorists get stranded without petrol.How come,unde r the rogue regime…this threat isn’t there?Strange…in fact before PH won,these same dealers have been taking in profits due to rising oil prices.Do u know Petronas is not making money in Canada due to very depressed gas prices?Can they ugut the Canadian gomen to help them untung?Can any of these dealers answer this question?

      Like or Dislike: Thumb up 15 Thumb down 1
    • Yup. In New MY, the businesses and lawbreakers wins but the pipu loses.

      Like or Dislike: Thumb up 32 Thumb down 6
  • willie on Dec 26, 2018 at 4:07 pm

    unless this is the only system in the world that we practice, i wonder how other countries adopting the weekly, think some parts of usa, even daily float of price survive !

    Like or Dislike: Thumb up 18 Thumb down 1
    • paparadzi on Dec 26, 2018 at 4:22 pm

      The one used in the USA and Australia is not daily float, it is the free market. They can sell at any price they want but if sell too expensive, people will buy somewhere else that sells at a lower price.

      This is something that most Malaysians, including most forummers here, find very hard to accept.

      Like or Dislike: Thumb up 34 Thumb down 1
      • letting the petrol dealers setting their own price is the worst idea ever. you think they’ll just sell cheaply to attract customers?

        did it ever come to your mind that they will just create a pact selling petrol at higher price agreed among themselves? leaving consumers paying more?

        Like or Dislike: Thumb up 12 Thumb down 3
        • Anonymous on Dec 26, 2018 at 6:10 pm

          That’s true. They will create their own Cartel. We need a fair and regulated industry.

          Like or Dislike: Thumb up 8 Thumb down 1
        • tiadaid (Member) on Dec 27, 2018 at 9:59 am

          Which is why enforcement is key.

          You really think in America they are not familiar with cartels?

          Like or Dislike: Thumb up 1 Thumb down 1
          • In MY, cartels r now known as lobbyist and NGO. Everything is legalised now, just need to pay money.

            Like or Dislike: Thumb up 2 Thumb down 0
    • James on Dec 26, 2018 at 4:42 pm

      US lagi canggih. Different station, different price. Up to station owner to sell how much they want.

      Like or Dislike: Thumb up 8 Thumb down 3
  • Mr. Octopus on Dec 26, 2018 at 4:12 pm

    Though a weekly float would benefit the rakyat but putting myself in the petrol station owners shoes, it will be a pain in the 455 to manage a weekly float.

    Like or Dislike: Thumb up 8 Thumb down 3
    • komarad on Dec 27, 2018 at 9:12 am

      that just a business challenges, like other businesses in different industries..

      Like or Dislike: Thumb up 0 Thumb down 0
  • There is no unjust decision. Crude oil price like any other commodities fluctuate according to market supply and demand. It is the operator. All they want is profit. Risk and market volatility all push to consumer and government. Please wake up.

    Like or Dislike: Thumb up 28 Thumb down 0
  • all the operators want is consistency. current government’s decision to reduce Ron95 price only happens after opposition MPs make noise. You guys didnt even realise if not for KJ etc.

    Like or Dislike: Thumb up 8 Thumb down 3
    • vincent on Dec 26, 2018 at 6:12 pm

      Is not about opposition KJ make noise, before that they already mentioned every first day of the month they will announce new petrol price esp for RON97 and it will be the same for the whole month. Petrol operators made profits when RON97 keep on going up what, didn’t hear they complain profit too much?

      Like or Dislike: Thumb up 5 Thumb down 2
    • Anonymous on Dec 26, 2018 at 6:15 pm

      Don’t whack the opposition now… they’re doing what they are suppose to be doing. While whatever the govt or opposition issaying we need to read into it carefully and ponder on the data given.

      Yes price of oil has tumbled alot… but we have been paying RON95 at the same price for 2 months. Thus govt have been milking people’s money for every litre we pump. Where is the justice in that. Let it float. Petrol kiosk owners have to bear it when the price goes down… they are quite happy sitting quietly when the prices go up.

      Like or Dislike: Thumb up 16 Thumb down 1
      • Someone made calculations b4, here it is
        If subsidised 30sen for 100L, that’s only Rm30 savings.
        If PH honoured their promise and give Rm1.50/L, that would be a savings of Rm70.
        That means each rakyat was actually subsidising the Gomen Rm40 per 100L!!!!

        Like or Dislike: Thumb up 6 Thumb down 1
  • Dong gor on Dec 26, 2018 at 4:45 pm

    What constant loss are you talking about? It’s just one time when we reset the price! If u can’t take one small loss for a long term gain and protest thru a dry pump, pls gave the license revoked and open it to business man who know what business means. Sekian. Terima kasih.

    Like or Dislike: Thumb up 15 Thumb down 1
  • Very simple solution. Open up the opportunity to operate petrol station for everyone. Operator who are willing to accept the risk shall continue to operate, those who caan’t accept the risk can simply stop, let others have a chance. Petrol station operator runs a business like everyone else, they should not be exempted from business risk. Do the people owe them a living?

    Like or Dislike: Thumb up 21 Thumb down 0
  • Where in the world is there guaranteed profits?! If you are in business, there is business risks. Manage it instead of asking for protection all the time! Let free market rule.

    Like or Dislike: Thumb up 15 Thumb down 0
  • daniel on Dec 26, 2018 at 4:53 pm

    just get a zoe.

    Like or Dislike: Thumb up 0 Thumb down 0
  • mr_em on Dec 26, 2018 at 5:04 pm

    i guess all petrol dealers behave like they can never incur any loss… just like putting money into a fixed deposit.

    I bet everybody else would love to be a petrol station operators but not everybody can be one because everybody know how they are selected…

    please run the station business like everybody else because in business there is always a cycle of profits & losses, there are ups and there are down times

    Like or Dislike: Thumb up 11 Thumb down 0
  • Not Toyota Fan on Dec 26, 2018 at 5:24 pm

    These buggers are almost as useless as the 1S Proton dealers who were whining about upgrading to 4S.

    Even with monthly fuel price mechanism, if dealers know next month’s pricing is lower, they too will NOT stock up, leaving taps dry at month end.

    Same same at the end of the day.

    Imagine if it was opened up to free market. Sure these buggers will be at wits end. This is the result of 40+ years of mollycoddle.

    Like or Dislike: Thumb up 11 Thumb down 0
  • Ksatria on Dec 26, 2018 at 5:27 pm

    Government pls take over those retailers who is threatening not to sell if price is low!

    Like or Dislike: Thumb up 13 Thumb down 1
  • contender on Dec 26, 2018 at 5:34 pm

    business has its risk & rewards … these guys only want rewards with no risk, want guaranteed profit.

    Like or Dislike: Thumb up 10 Thumb down 0
    • vincent on Dec 26, 2018 at 6:13 pm

      Only in Malaysia, all these special group of business man expect guarantee profit one.

      Like or Dislike: Thumb up 4 Thumb down 1
    • redpilled on Dec 26, 2018 at 8:44 pm

      tell that to the egg farmers in penang that shut down because chicken feed went up and now cannot untung anymore. now price of eggs gone through the roof- c grade, from RM9+ to RM13+/ carton (30 eggs).

      Like or Dislike: Thumb up 2 Thumb down 4
  • Gudugak on Dec 26, 2018 at 5:55 pm

    If they know the price is going up they wouldn’t complain would they? So why complain now?

    Like or Dislike: Thumb up 1 Thumb down 0
  • Pakulupapito on Dec 26, 2018 at 6:15 pm

    So……if they are making this much noise, that means the price are dropping, right?

    Like or Dislike: Thumb up 2 Thumb down 0
  • Shirley on Dec 26, 2018 at 8:56 pm

    Pakatan Harapan = Pakatan U Turn

    DAP = Dah Ada Penyakit

    Like or Dislike: Thumb up 5 Thumb down 3
  • PH=BN

    Like or Dislike: Thumb up 2 Thumb down 5
  • And so it is common for people to dwell on the constant losses. What about the constant profit then? Was this a problem? Was constantly incurring profit ever be something that worth bemoaning? How did the petrol dealers dealt with the same practice of weekly float system for the last 1 year then? Amusing right?

    Like or Dislike: Thumb up 4 Thumb down 0
  • Kelvin on Dec 27, 2018 at 9:21 am

    I don’t think the petrol will dry up, I do better wait for lower price fuel.

    Like or Dislike: Thumb up 1 Thumb down 0
  • Daniel on Dec 27, 2018 at 10:58 am

    I don’t see them complaining if the price got higher on the next price change.
    There are sure to be ups and downs in every business. These idiots only want the ups but not the downs.
    Authorities should seriously reconsider these idiots’ licenses if their stations run out of fuel for no reasonable excuse.

    Like or Dislike: Thumb up 1 Thumb down 0
  • hyin21 on Dec 27, 2018 at 11:47 am

    just wondering, during all these press conference, have any reporters ever ask the dealers what about the profit that they made when prices go up. What is their stupid answer?

    Like or Dislike: Thumb up 2 Thumb down 0
  • Nothing Different with old G. HAHAHAHHAA

    Like or Dislike: Thumb up 0 Thumb down 0
  • Olang kita on Dec 29, 2018 at 6:17 am

    Waikkkk…….petrol price ada up down……ini dulu macam maaaa
    Apa yang baruuuhu……

    Like or Dislike: Thumb up 0 Thumb down 0
 

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