The government has yet to announce new fuel prices following the Cabinet’s first meeting of the year, according to The Star. As previously stated by finance minister Lim Guan Eng, fuel prices, including for RON 95 petrol, will be floated and set on a weekly basis from January 1, 2019.
The move is said to benefit consumers as they can enjoy lower fuel prices faster due to declining global crude oil prices. However, it appears that the new system is temporarily put on hold as the government reviews the system and comes up with a decision.
Since the start of the new year, fuel prices have remained unchanged from what was announced in December 2018, with RON 97 retailing at RM2.50 per litre, RON 95 at RM2.20 per litre and Euro 2M diesel at RM2.18 per litre.
The report also revealed that petrol dealers had met with prime minister Tun Dr Mahathir Mohamad to voice their concerns over the weekly float system. A proposal was also presented for consideration to ensure they would not suffer losses when the new system comes into effect.
“We were told that the Cabinet will discuss and decide on the petrol issue,” said Petrol Dealers Association Malaysia (PDAM) president Datuk Khairul Annuar Abdul Aziz. He added that the association had explained their predicament to the prime minister on the matter, and hopes for a favourable outcome.
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That is because Proton sales haven’t decrease
Nobody wants a China car when you got Aruz
Nobody wants a China Huawei phone when you got Sony… oh wait, Sony phone dah mampus.
Bila naik dipersalahkan kerajaan. Bila turun kenapa tak puji kerajaan? Ada yg dah turun. Kangkung dulu naik sekarang ni dah turun. Ada yg dah turun.
Bila masa turun dibawah pemerintahan ph??? Kalau kerajaan dlu harga turun rakyat bersyukur apa..ke baru keluar dari gua
Ye. Gaji dah turun, matawang dah turun. Kenapa sy tak puji ye? Mesti kerana sy tak terima dedak2.0.
‘Ensure’ they dont suffer losses.
Wow…only in Malaysia we got business which always 100% of the time profitable…as long as it involve politics.
These buggers are like the Proton 1S dealers who make a lot of noise about upgrading to 3S but can afford family overseas holiday yearly & can buy that new BMW. Saya untung memang patut punya. Melabur balik dalam bisnes tak perlu, Gomen patut tolong kami, bagi zero interest long term loan untuk kami.
Ini lah mindset businessman sini.
we should just drive Tesla and forget about petrol station
Now is the time. The government should remove all fuel subsidi tongkat and channel the public funds to improve Rakyat health, education, housing and welfare. Severely deprived and neglected by past corrupted administration, Now is the time.
Now is the time rakyat trully feels suffering instead of saying they are suffering.
The thing is simple. Fair to everyone.
PDAM must follow weekly float system.
BUT they’ll decide to purchase oil based on their strategies or business acumen.
This is not feudal era when one party could enforced other party (to purchase oil) irrespective of demand level.
Looks like previous govt better….implemented weekly price change even though petrol dealers make noise….this govt let rakyat suffer….mmg bagui…..this govt talk first action zero
U mean… talk first u-turn later.
This is absurd. This issue is not rocket science. If things this clearcut also cannot decide, more complex things probably wont be solve at all.
in actual fact, those who drive cars be it old or new, high or low engine capacity, they shouldn’t enjoy any subsidies. this is because if u can afford a car, u aren’t poor.
subsidies should be given to those riding motorcycles 125cc and below.
I agree… but not even for the 125cc motorcycle owners… subsidies should be given where it is really needed…. really needed for education, general medical services, the fisherman and farmers etc.
U need to work harder to drive a car. Don’t forget higher tier earners are already paying the fair share of income tax… Is it a crime for hardworking and smart ppl to make more money that we continue to penalize them?
I’m not sure how primitive thinking straight out of the jungles of Congo would lead a “hardworking and smart person” to believe they are being penalised for paying taxes and the poor also need to pay their “fair share of tax”.
Yes
I hate the flip flop. At least the previous government proceed with floating the fuel price even though PDAM was complaining about it. At least the previous government is more concern with millions of rakyat Malaysia instead of just the thousands petrol pump operators.
Now I know where the current government priorities are.
Somebody please bring back the old Government! Quick, before things gets worse!
Open up the price la. Xperlu harga kawalan. Setiap stesen harga berbeza. Beza tiap2 hari pun xpe. PDAM dpt jual ikut harga maintain profit diorang. Pengguna beli ikut kuasa pembeli. Xde siapa rugi.
Alah, tau punya bisnes Malaysia ni. Masing-masing pakat buat harga tinggi, so that pegi mana pun harga sama.
Businesses are colluding with this government like hand in glove. What have we elected into the seat of power?
I agree, but not so simple. You’ll have different prices in Ampang vs Kepong. In rural villages like Putrajaya, where there is only Petronas, you won’t get any competition and prices will be very high and distance between stations are too far. There needs to be a price ceiling, and then let stations compete for discounts.