Targeted diesel subsidy – KPDN calls up 10 companies for increasing prices under the Anti-Profiteering Act

Targeted diesel subsidy – KPDN calls up 10 companies for increasing prices under the Anti-Profiteering Act

Not many of us drive diesel-powered vehicles, certainly not as many who use RON 95. But what everyone fears is the increase of prices for daily goods and services, using the just-announced removal of blanket subsidy for diesel as an excuse. We’ve all seen it before, traders raising prices and – rightly or wrongly – pushing the blame to the government.

So, it’s a good thing that the ministry of domestic trade and cost of living (KPDN) is actively looking for those suspected of profiteering. Ten companies that announced price increases after the targeted diesel subsidy programme started on June 10 have been issued written notices under Section 21, Price Control and Anti-Profiteering Act (AKHAP) 2011.

KPDN minister Datuk Armizan Mohd Ali said today that initial investigations found that four of the companies hauled up had approved fleet card applications, which means that their vehicles would be still enjoying subsidised diesel. The other six companies have vehicles that are not included in the list of Subsidised Diesel Control System (SKDS) 2.0.

Targeted diesel subsidy – KPDN calls up 10 companies for increasing prices under the Anti-Profiteering Act

Armizan explained that the companies will be asked to provide detailed information including documents related to the offering of services or the sale of goods for the purpose of preparing profitability analysis. Failure to present oneself will be penalised under Section 57 of Act 723.

Who are they? The minister said the 10 companies comprised three each from the transport sector, building materials sector and the food and beverage sector. Two companies are from the machinery rental sector.

KPDN launched Ops Kesan 2.0 on June 8 with the aim to ensure that all determinants or price increases under SKDS 2.0 were in compliance with the Price Control and Antiprofiteering Regulations 2011.

The ministry has warned all parties not to take advantage by raising the prices of goods and services with a profit-making element following the implementation of the targeted diesel subsidy. Any party found to be engaging in price manipulation will be subject to action under Act 723 and may be fined up to RM500,000 for corporations or companies, and up to RM100,000 for individuals, or jail not exceeding three years, or both.

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Danny Tan

Danny Tan loves driving as much as he loves a certain herbal meat soup, and sweet engine music as much as drum beats. He has been in the auto industry since 2006, previously filling the pages of two motoring magazines before joining this website. Enjoys detailing the experience more than the technical details.

 

Comments

  • Pro-Palestine on Jun 14, 2024 at 3:12 pm

    Sendiri bodoh sekarang nak alihkan salah kepada syarikat swasta.

    Like or Dislike: Thumb up 36 Thumb down 13
    • Kanasai on Jun 14, 2024 at 8:13 pm

      What are the 10 companies? Not just say things out of thin air. But then this is PH after all, cakap out of thin air, janji out of thin air. Promised to reduce fuel prices but instead increase more. Whatever they cannot be trusted lah!

      Like or Dislike: Thumb up 22 Thumb down 9
      • YB Albert on Jun 15, 2024 at 2:03 pm

        Whether they call up 10 or 1000 companies,no one cares.
        I overheard a site supervisor at a condo project that is 70 percent complete only.
        He said,if in 2 weeks they still have no bantuans(building material suppliers go ahead with 30% price increase),the main contractor will STOP WORK..cos they cant bear losses.
        This diesel rationalisation thing caught every contractor,bumi or non bumi off guard.
        There is no Plan B or C. There is no way out.
        If they ,like what the mamak says increase at a lower rate or even staggered basis every 2 months,contractors can plan.
        Now,most of these contractors are drowning in debt and losses.
        The losses to the rakyat might exceed 4 Billion a year.Some are staring at insolvency very soon.
        Hello,not every contractor is as big as Sunway Construction or YTL,who have other businesses to mitigate losses in construction.
        Once,they sink..they are diving into the depths of the Titanic.

        Like or Dislike: Thumb up 0 Thumb down 0
    • Pro-Zelenskyy on Jun 17, 2024 at 11:57 am

      Fully agreed. So angry scared later yearend no fat bonus and incentive for lavishly lifestyle

      Like or Dislike: Thumb up 4 Thumb down 1
  • statement poyo on Jun 14, 2024 at 3:16 pm

    agak-agak makcik Timah jual karipap dan nasi lemak kena panggil tak ni??….dah naik pun harga 20-40 sen….

    Like or Dislike: Thumb up 23 Thumb down 6
    • hazri on Jun 15, 2024 at 1:48 am

      kalau aku boikot je kedai makcik timah tu. tapi kau dengan makcik timah seposen dua pun nak berkira ke. ala cheapskate betul.

      Like or Dislike: Thumb up 7 Thumb down 10
      • Lolwhut? on Jun 15, 2024 at 4:38 pm

        Do people care? Majority boikot much more powerful than minority. Your boikot are nothing.

        Like or Dislike: Thumb up 1 Thumb down 0
  • tarik balik subsidi syarikat-syarikat macam ni. baru padan muka. subsidi makan tapi naik harga barang.

    Like or Dislike: Thumb up 15 Thumb down 6
    • Kanasai on Jun 14, 2024 at 8:14 pm

      You think they care about the measly RM 200 subsidy? Their jack up prices untung more than that lah!

      Like or Dislike: Thumb up 13 Thumb down 3
      • It’s not RM200 subsidy for these companies. Individuals get Rm200 subsidy but corporations get subsidized by volume (litres), so it’s definitely a significant saving if they qualify for the subsidy.

        Like or Dislike: Thumb up 0 Thumb down 0
  • You know this is going to happen. You know people will jack up prices. You control, people will stop business, and Malaysia economy would be a standstill. I agree that subsidy should be abolished (no country would do that as it would be too costly), but it should the price should rise bit by bit. Ni tiba2 mengejut. Mana la orang x naik harga. Inflation will be there definitely, BNM would probably increase interest rate to curb inflation, RM maybe strengthening, but still doesn’t justify that we are an importing nation. I have no idea what the government is doing to curb all these issues before even thinking of total abolishment of diesel subsidy. And yet you want to compare diesel price with Asean nation. Compare with other oil producing nation, than can compare lah. What other lies does the govt want to say after this? Memang patut panggil Mahal-dah-ni.

    Like or Dislike: Thumb up 32 Thumb down 11
    • Masakroti on Jun 15, 2024 at 1:12 am

      True. But read JPMORGAN has a report saying high rates are driving inflation. High rates lead to less people qualified for mortgages, driving rental prices up.

      Like or Dislike: Thumb up 5 Thumb down 1
      • Not all, inflation are also driven by cost of goods & currency weakness. Like in Zimbabwe, its super high inflation is not due to high rates but the cost of goods sold are super duper high due to its currency.

        Like or Dislike: Thumb up 1 Thumb down 0
  • Majlis ampang jaya just increased its cukai pintu by 25% but that’s ok as it’s gomen state.

    Like or Dislike: Thumb up 16 Thumb down 3
    • RM1.50/L petrol mana? on Jun 14, 2024 at 8:17 pm

      As above.
      PH Gomen continue to troll millions of Msians

      Like or Dislike: Thumb up 19 Thumb down 4
    • hazri on Jun 15, 2024 at 1:44 am

      sebab dah banyak tahun harga tak pernah naik. tapi takpela, pengurusan mpaj bagus. sampah, rumput, semuanya kawal selia elok. tapi kawasan rumah aku la. tempat lain tak tahu.

      Like or Dislike: Thumb up 3 Thumb down 10
  • Laugh on Jun 14, 2024 at 4:47 pm

    So easy….
    Subsidi provided tak cukup lah.
    Just come out with a report say use more diesel than the subsided volume.
    Settle lah. what so susah.

    Like or Dislike: Thumb up 8 Thumb down 2
  • TinKosong on Jun 14, 2024 at 5:43 pm

    Suppose deep analysis and study done before implementation, not after implementation.

    Like or Dislike: Thumb up 21 Thumb down 2
  • Middle Age Diver on Jun 14, 2024 at 8:16 pm

    The Govt will suddenly realise they need to subsidize more than they calculated. All the company needs to do is to provide list of diesel fleet, km travel daily & then shown proof the subsidies cannot cover all the expenses !

    Like or Dislike: Thumb up 8 Thumb down 2
  • Dugung X on Jun 15, 2024 at 1:02 am

    Create inflation and then blame the private sector. What a joke this mahaidani

    Like or Dislike: Thumb up 15 Thumb down 3
  • Anti - ignorance on Jun 15, 2024 at 7:31 am

    bukan rocket science utk faham. kalau dh cost transport barangan naik tak kan syarikat yg terkait nak senyap… dah la berbagai cukai dikenakan… yg paling terkesan rakyat biasa.

    Like or Dislike: Thumb up 14 Thumb down 0
    • Gomorrah on Jun 15, 2024 at 10:40 am

      Ya tapi kalau nak free float harga minyak, bila harga turun, harga barang akan turun ke tak? Naik saja tau, turun tak mau. Itu cara Malaysia.

      Like or Dislike: Thumb up 3 Thumb down 0
  • Sembang Deras on Jun 15, 2024 at 7:39 am

    A classy demonstration of incompetence work by government.

    Like or Dislike: Thumb up 16 Thumb down 2
    • Care to share what’s your alternative solution to reduce diesel subsidy? Easy to talk cock sitting at home, try and suggest a better solution. This is the easiest mechanism for the govt to implement. And now they’re clamping down on errant corporations who are trying to cheat. What’s wrong with this approach? Or are you just a sad sack of s*it who complains about anything. Since today is Father’s Day, go remind your father that he should have shot into a tissue all those years ago.

      Like or Dislike: Thumb up 1 Thumb down 0
  • alibaba on Jun 15, 2024 at 10:39 am

    wait… is he calculating maths? i just wanna to be sure

    Like or Dislike: Thumb up 1 Thumb down 0
  • Mahal Dah Ni on Jun 16, 2024 at 9:55 am

    Diesel subsidi tarik…GST yg syarikat boleh claim balik kena ganti dgn SST yg tak boleh claim balik dan naik dari 6% ke 8%…..tarak otak btul lah Mahal Dah Ni!

    Like or Dislike: Thumb up 0 Thumb down 0
  • anwar menang rakyat dikencingkan on Jun 16, 2024 at 10:20 am

    Amir hamzah is a f.a.k.k.i.n.g. WEF puppet. he dont take instructios from anwar or did he ever study the impact..
    he takes instructions from WEF.. and their advice is to increase fuel price.
    once fuel price is increased, it will lead to inflated prices along the supply chain.
    Aljubor took a filthy rich bastard who never took a bus, walked to school, university and put him as mof2… what was amir’s performance in EPF… did he manage to maintain the dividend rates of the 80s and 90s..no… so why the fark was he transferred to MoF!!

    Like or Dislike: Thumb up 4 Thumb down 1
  • toyotafan on Jun 17, 2024 at 5:11 pm

    These 10 companies not so smart.
    Many companies, vendors and f&B already increase prices 10 – 20 % 1 month before diesel price adjustments.

    Like or Dislike: Thumb up 3 Thumb down 1
    • Not really, are you sure they have not increased earlier? All these are nothing to do with fuel price float but caused by the high inflation for the past year. Or did you not realise that?

      Like or Dislike: Thumb up 1 Thumb down 0
  • Ben Yap on Jun 18, 2024 at 10:25 am

    kasi wayang a bit to show that there are some enforcement. later all quiet down when the show is over. all these wayang is for trying to give citizens fake confidence.

    Like or Dislike: Thumb up 2 Thumb down 0
  • die liao la this time, take gun and point at tauke tauke kecik tak boleh naik harga, kena serap semua kerugian and become B40

    Like or Dislike: Thumb up 1 Thumb down 0
 

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