The government says that the new weekly retail price mechanism for petroleum products will not only benefit the consumer but also petrol station operators. In a statement announcing the retail prices of fuel for the first week of January, finance minister Lim Guan Eng said that the new pricing structure takes into account the additional commission or gas station operator margin for dealers, which was approved by the cabinet earlier this week.
“The readjustment of the retail price of petroleum products has taken into account the views of all parties involved, including that of the Petroleum Dealers Association of Malaysia (PDAM), which applied for a review of the petrol station operator margin rate components under the Automatic Pricing Mechanism (APM) formula that is used to set retail prices for petroleum products,” he said in the statement.
Lim said the government has agreed that the petrol station operator margin rate be adjusted by an additional 2.81 sen to 15 sen per litre for petrol products and an additional three sen to 10 sen per litre for diesel products over the current rates. He said the last time the margin was revised was in 2008.
Consumers, meanwhile, will benefit from the weekly price format by enjoying any price changes faster in line with any downturn in petroleum prices in the world market.
However, the government reiterated that it will protect consumers from the effects of potential price increases by capping the price of RON 95 petrol at RM2.20 per litre and Euro 2M diesel at RM2.18 per litre even if crude market prices rise and push the pump price up beyond that level. This will remain until the implementation of targeted fuel subsidies announced during the tabling of Budget 2019.
The retail price of petroleum products will be readjusted on a weekly basis according to the controlled float method under the Automatic Pricing Mechanism (APM) formula. Fuel prices are set to be announced every Friday, and will be effective from Saturday until the next Friday.
For the period from January 5 to January 11, the retail price for RON 95 petrol will be lowered to RM1.93 per litre (down 27 sen from RM2.20 previously), while RON 97 petrol will be priced at RM2.23 per litre (down 27 sen from RM2.50). Euro 2M diesel will be priced at RM2.04 per litre (down 14 sen from RM2.18).
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The new subsidy scheme will be based off the BSH (or BR1M) database.
Only those people will get. Put in a BSH card into machine before pumping to get special price.
And the card is renewed every year at LHDN.
xperlu citer pasal BSH bingai…..kat jb yg kat sg pon mintak…..vavi betul….
dah kata kena support Najib
In another words, petrol prices could have been much lower, down to RM1.50 even, but the cronies has gotten their rewards. Once again; cronies didahului, rakyat dichapati.
Agree bro! Capati again!
Kelantan state government so grateful to the federal government for it oil royalty. Past federal govt gave nothing, took everything it;
I’m from Kelantan and I heard the oil royalty is no longer given to my state government but held in a Kelantan Pakatan fund. So please, your gratefulness is not representative of my state government. Go back and announce it in your capacity as a Pakatan trooper but not as my state government. We have nothing to do with your government, and many of us remain bitter with your treatment onto our state, especially from your Atuk.
Hehehehe… we have won again
Yup. As expected , for past 62 years. Hehehe…
Malaysia Baru = Malaysia Lagi Lama.
So why tukar gomen? Better to remain the old one that had given us Rm1.60 petrol before.
Why always target Rn97 users? Many new cars require Ron97 (even 25 years old Proton Wira stated Ron97 in the fuel cap)..we pay taxes too u knw and often contribute more
Hye bodoh, RON95 was introduce in 2009. Back then lower quality was RON92 and next in RON97. Last Wira to rollout from Proton was around 2008.
This should be the way..taken all views from interested parties then decide whats the best solution
Fully agreed bro!
If previous govt decided, then jangan persoal !!
How is giving in to their cronies the best solution? Sorry but the PH logic is no longer sound nor reasonable.
Views of fair wind cronies should be taken? Are you serious or are you just one of them?
Under Najib era, they would not be given any such chance. Any reduction will have gone to the people. This is a Government of Cronyism.
Nope. Under Najib era, many PDAM dealers went bankrupt, many employees lost their earnings, and many more families became victims to the government under Najib, who did not fix what he should have.
PDAM was grateful to PH government for taking all stakeholders into consideration –. This is a brave step and respect it. Rakyat deserved to know the component of fuel pricing mechanism
Are you really serious or are you just trolling? Throughout Najib’s time when he implemented weekly float, I have never ever seen any petrol stations close down, not even those rural stations at my kampung. This sounds more like a PDAM apologist statement, do you work for them or for PH? Cause, I think you are.
Petrol station operators those license holders at kampung, most likely longtime veteran umno member aka kronee.
Terima kasih PH… Kerajaan Prihatin.
wow … this means Petronas profit will be less. Now everyone wants to be petrol station operator
So, we’re supposed to get 30cent cheaper RON95 instead of 27 cent because they raise the profit for Petrol Station owners?
I wonder who is the owner of Petron? Anyway, I remember how DAP said this weekly float is not fair blah blah blah…. now, they are doing the same thing.
We might as well merge all the political parties in Malaysia into 1 big party, no difference. At least BN manifesto is not so bombastic like PH’s. Also, BN manifesto got more public transport related promises and no 3rd national car…
So, when is Mahathir going to introduce Carbon Tax to force us to buy his new National Electric Car? LGE is pure BS king.
Not just LGE but the whole PH is pure BS. Only their supporters can take this stench and claim it smells of roses.
BS & Balls carrier,useless,wont listen to the pipu,head by ex unmo kuku besi what you expect?
“Tolak kerejaan uturn”
No wonder it doesn’t drop by 30 sen. Another 3 sen goes to PDAM and Bumipeda. Baguslah this gomen so prihatin. Next week can come out with similar threats otherwise no supply
Bapak kawans comes Ka Ching! Ka Ching! Ka Ching!
Pakatan politicians wins.
Cronies wins.
Rakyat loses.
Told you, PDAM is lying when they say the petrol dealers’ commission is 10 cents. I knew they were lying from the start. This looks very bad on PDAM and whatever they say loses credibility.
10 sen during najib era
15 sen during PH era
Cronies untung 50% thanks to PH.
PDAM is always lying at the expense of the rakyat.
To much of Bantuan given. The PDAM are a pampered lot. When petrol prices go up everytime, each of the PDAM members make untung millions
And we all know, petrol prices went up more times than it went down. I think petrol prices went up about 40X but gone down only 10 times
But the few times petrol prices go down, the PDAM members ask the Government to bayar ganti rugi.
Where got logic? Like that, when you untung lebih, you should bayar ganti rugi also to the Government.
PDAM always like to complain because they are used to being pampered. I suggest open petrol station license to everybody in Malaysia and not just given to a selected group. I am sure many in Malaysia are more competent to run the stations more efficiently.
It is time we open the Petrol Station license to everybody in Malaysia. Also please open AP permits to everybody in Malaysia also and not just a selected group
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 and complain so much.
High time the new Government investigate this and ensure 1 person has only 1 lesen.
The average commission for petrol and diesel before this increase is 9.595 sen/liter. After increase, is 12.25 sen/liter.
PDAM is like our teksi gangsters. All just want to goyang kaki and get easy money. Just so sickening to see such people
PDAM same type as john – all want everything free
Datuk Seri Ben,
Credibility ? Omg…these dudes have none in the first place.
All they care is “GOMEN HUTANG BANTUAN DAN EVERLASTING PERLINDUNGAN”.
Only PONZI scheme guarantee voluptuous profits all the time.
They spew out threats to shorten working hrs n let pumps run dry.Hello,dont they behave like your kids when they throw tantrums when they dont get their ice cream?
So,PH kesian them…give them extra commission as bantuan.SO IT IS BANTUAN,,BANTUAN…
Now laughing all the way to the bank at the expense of Rakyat. When fuel prices drop, they threatened this & that. When fuel prices go up, they keep quiet. Even Jibby is now claiming that he didn’t entertain their request for commission hike. With 15sen commission for every litre of petrol, I also want a license to operate a petrol station. Regret voting for a u-turn govt.
So do we…..
In free enterprise, businessmen/women do lie from time to time in order to sell their products/services, and of course, they do so for profit, which also helps to pay the salaries to their employees, who are very likely people like us who frequent websites like this…
Yes. Just like the resident PH troll in PT thats trying to sell his PH paymasters agenda and lying bollocks. Too bad the pipu dun buy what he says anymore.
I don’t see any Pakatan cybertrooper in this forum john.
But I do see a particular BN cybertrooper with so many dupe accounts. This cybertrooper has posted unbelievable fake news such as “Malaysia has the cheapest petrol and car prices in the world”.
This cybertrooper also likes his comments 100000 times
Since when PH or BN politics & politicians control the world’s crude oil prices? The truth now is that fuel prices in the country did drop. And so happy motoring to you all.. at least until crude oil prices rise again..
Petron owner wins again!
So many qualified Malaysians want to apply petrol station lesen but are told NO because……
It is time we change. Malaysia Baru is for everyone.
Day by day, I see Malaysia Baru is only for those connected with PH, their politicians and their cronies. Malaysia is hopeless now, we changed it but for the worse.
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 employing locals? So many locals got no job
Meaning that we’re paying extra 15 cents for every litre of petrol to these middle men? What benefit do we have all these petrol dealers who are essentially just middle men? Why are we still having this crony mentality? Petronas might as well just set up their own petrol station and cut out the middle men. What a rip off!!!!!!!!
WHY PDAM interest are more important than RAKYAT!!!
PH Gov should not follow previous Gov practice!!! Wake up and remove PDAM! Open tender petrol station license whenever PDAM member wind-up!
Because PH Govt is run by those from older Govt.
Atok cover anak sikit…. Nnti anak marah….
Bestnya Petron..
Petrol price in Philippines change everyday, but non of petrol dealers go bankrupt
This is things that suddenly i feel like i want the old gov back – without d previous leader and d wife of course.
We need not know who the govt commissions these petrol dealers. We just want a fair treatment from the govt we voted for and a changed for our future generations to come. Govt said to float these prices and when crude price sinks. Announced deferment is not creditability. And when the people vented their frust..then govt reverted to the people.. oh pls..
Petron win
petron stations number less than 10% of total stations in malaysia. majority is petronas followed by shell.
No eye see
I lost hope
the current govt sikit sikit kecut oredi……Aiya
Stupid voters “begets” stupid government. Thats all i can say.
alahai…when read all the comments i wonder what kind of people giving that comments. i mean, this people stay at flat ke kampung ke gua..it’s ok “not actually” to be low educated or uneducated, but please have some common sense guys. i need to clarify that :
1. somebody told he “heard” that royalty given to kelantan is under kelantan pakatan fund. i dont know from whom he heard. nowadays, u just can saying anything what u heard eventhough u don’t know it’s true or not. can anyone clarify this matter, is it a fact or just “rasa2 je”?. sampai bila nak hidup dgn sangkaan?
2. why pdam get commission increment? is gov really not care about rakyat? let me tell u, gov get no any profit from oil solely. gov get profit when industry player, syarikat2 minyak like petronas made huge profit from their business. if pengusaha stesen minyak got increase commission sekalipun, anyhow the profit from them will go into gov pocket, adalah percent2nya. u call it robbery? not, it’s a business nature. tell me, how gov want to help b40 people who not pay tax, if gov can not make profit from this? gov must care all these people because they make money for us “industry player/business people”. klu dah org2 pdam smua mogok nnti, kreta kau nak isi minyak kt mana bro?
3. kalau negeri tak ada duit, boleh minta dgn federal. kalau federal tak ada duit nk minta dgn sape?
4. u can go through life being completely ignorant about most fields (chemistry, engineering, medicine, botany, etc) and be fine. personal finance is not one of those fields. failure to understand the basics will negatively impact u. dah dapat duit tu pandai2lah urus.
betui tu bruh… hindari dedak & tongkat..