The Petrol Dealers Association of Malaysia (PDAM) says it is expecting petrol dealers to be hit as a result of fuel prices possibly dropping by more than 10 sen in the coming March 7-13 week, The Star reports.
While the cheaper fuel is welcomed by the public, petrol dealers would have sell fuel at a loss, according to PDAM president Datuk Khairul Annuar Abdul Aziz. He said the association wants to hold discussions with the industry to limit significant price jumps to avoid dealers suffering losses.
“We were hit badly when diesel prices fell by 10 sen two revisions back. For March 6, we anticipate more than a 10 sen drop for all products,” he told the publication.
Khairul Annuar said the previous government administration wanted to limit the price increase quantum in the weekly price update to one to two sen to avoid inflation, but this policy was now in limbo with the new government. He urged prime minister Tan Sri Muhyiddin Yassin to either maintain the current pump prices or for price changes to be limited to two sen until a suitable mechanism that benefited all parties is put in place.
He said during the previous administration, there had been discussions for fuel prices to be set monthly and any price changes to limited to one to two sen, and a ceiling and floor price for stable fuel prices were also under consideration.
The current price of RON 97 petrol is RM2.40 per litre, while RON 95 is at its capped price of RM2.08 per litre. Euro 2M diesel is priced at RM2.13 per litre, and Euro 5 diesel, which costs 10 sen more, is priced at RM2.23 per litre.
Looking to sell your car? Sell it with Carro.
That’s the problem with tongkat business! ALL CACAT AND DO NOT KNOW HOW TO PLAN FOR BUSINESS ENVIRONMENT CHANGE! The best is, let the petrol company handle all the station! gain or loss due to price change will be well handle by the petrol company!
Habisla Msia… habisla petrol dealer. Tq Pm…
This is why we need to open the lesen to everyone in Malaysia. Just like the AP, we help certain groups of people, they demand more and more and more.
We must open the lesen to everyone in Malaysia. The profit margin of about 20 sen per litre. Highest in the region. Many stations make millions per month.
Even smaller station make 6 figure profit.
The worst part is, all the stations never employ locals. Nearly every station employ foreigners to man the stations.
Every month, hundreds of million of ringgit from all the foreigners manning the stations is repatriated back to Bangladesh.
This is quite pitiful. There should be a law that says all station owners must employ local Malaysians
In my area in KL, prev Gov already wiped out Dakha/Dacca employees from three 7eleven retail outlets, the 7-11 HQ now hire local mostly female to manhandle the counter.
Untung jam tak cakap
there is a risk in every business!!! who our poor farmers, fishermen, etc to hold talk with when they are making losses??? really idiots PDAM… why not you sell your whole station to others if really so hard life???
Why should petrol dealers be protected from losses?
When the profit is good i don’t see them requesting the government to lower the price of petrol?
I find hawkers should be protected more than them.
Should protect them from profit too. Price go up also 1-2 cents then only fair to everyone.
If rugi (or predicted losses), petrol dealers whine and cry like big babies. Ask govt to intervene, help, manipulate market, etc.
When untung berlambak, petrol dealers all quiet like mice, while enjoy driving new mercedes, berjoli oversea, orang gaji, etc.
Only in Malaysia, petrol dealers and its business are guaranteed 100% for profit.
Again, rakyat gets a big capati.
Now, where can I apply to become petrol dealer?
You only make lost if selling old stock of fuel purchased before price drop.
when u make profit, u keep quiet, when you “hear” potential loss, u make noise..
later, rakyat is subsidizing all business..dem
Why we never see this title ‘Petrol Dealers Anticipate Fuel Price Increase. Expect Profits’ ?
You make noise we boycott you more.
want to boycott? then fill up your car/bike with water ah?
Isn’t there already an adjusted margin for the fluctuations? Every time when price goes down complaint..if not capable to run it then just close it down. Let others run the show
That’s your problem, cannot sustain, quit the business
When fuel price increase, harga barang lain pun increase;
When fuel price turun, harga barang lain never turun and petrol dealers whining.
Great, just great!
School holidays or celebration, price drop…after that, price go up again…
You don’t make losses from adjusted petrol prices. Not at your level anyway. If anyone who is at risk it would be the Shells and Petronas of the world, and that too only if the prices of Crude is so low that it doesn’t cover their processing costs. I smell a rat asking for favours, given that the old guard is back.
Actually they do. Because they BUY the petrol stocks from the franchisers (Shell, Petronas, etc). So they do make losses when petrol price drops but they also make profits when petrol price increases so give and take as long the gains and losses balanced out they have no right to complain.
So many businesses loss no complain why petrol dealings so special?
EV P.T. anything can potentially result in losses that is what business is about that is taking risks, in other word they desire risk-free business. Sounds familiar
When we are entitled for a cheap petrol and who are you want to deny that? Keep damn quiet whenever you’re making profits all year long. Just 1-2 times loss became cry baby?
This time the pump price for Ron 95 should reduce by 22cents a litre. Cheers, folks
when rugi, very fast come out press statement to announce losses. when untung, keep quiet. bising la… if this business is not for you, just tutup kedai and open sundry shop. many people willing to take your place.
If you think this week’s price will cause you to lose money, then close shop until the price recovers back to a profitable number lor….bising for what? This is business, got ups and downs. If cannot compete then please close down