The government is determining fuel prices to prevent it from exceeding the correct market price, says Minister Hamzah Zainuddin.
LARUT: The ceiling price for fuel will be announced weekly from next month, says Minister of Domestic Trade, Cooperatives and Consumerism Hamzah Zainuddin.
He said the imposition of the ceiling price would likely be announced on Monday or Saturday for the coming week.
Presently, the announcement is made once a month.
“The government is determining the fuel price to prevent it from exceeding the correct market price.
“In reality, what Second Finance Minister Datuk Seri Johari Abdul Ghani and I are doing, is to ensure the people know what has been determined by the Petroleum Dealers Association of Malaysia.
“It is up to petrol station retailers to work with the association and ensure no one is left out of the concept we want to put in place,” he added.
Hamzah, who is Larut MP told reporters this today after officiating the Parent-Teacher Association meeting of Sekolah Kebangsaan Bagan Bharu.
Elaborating further, Hamzah said a notice highlighting the ceiling price for fuel would be placed at petrol stations throughout the country so consumers would know if prices had been raised or lowered.
Asked about the request of the Perak Petroleum Dealers Association (PPDA) that the ceiling price mechanism not be undertaken, Hamzah said his ministry did discuss the matter yesterday.
“They (PPDA) requested a number of additions to the aspect of margin (commission) which had been given to them to date.
“The government will consider what they have requested in making a decision on whether we agree or otherwise,” he added.