ALL SOUND & NO ACTION: PDAM DISAPPOINTED WITH WEEKLY CEILING PRICE FOR FUEL

PETALING JAYA – Petrol Dealers Association of Malaysia (PDAM) president Khairul Annuar Abdul Aziz said his association was against the government’s decision to set a ceiling price for fuel, adding that petrol dealers were disappointed with the decision of domestic trade, cooperatives and consumerism minister Datuk Hamzah Zainuddin.

He also said he wouldn’t be surprised if petrol dealers protest and demonstrate against the new government measure.

Khairul told Sin Chew Daily the government had not held a dialogue with the operators before making an announcement, and that the association was only informed of the decision yesterday.

“If ceiling price is set weekly, large companies with sound financial ability will be able to sell at lower prices over a long period of time, and other companies may not be able to compete at all.

“Eventually a handful of large companies will monopolize the market.”

Khairul said the ceiling price set by the government might not be able to reflect the actual market price, and if the ceiling price is set too high, it could even intensify the inflationary pressure.

“I personally plan to meet the minister to express the operators’ concerns.”

– Mysinchew

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