Petrol dealers meet Mahathir over fuel price float

    (Updated )

    Five representatives of the Petroleum Dealers Association of Malaysia (PDAM) today met Prime Minister Dr Mahathir Mohamad on their concern over the proposed weekly float of fuel prices.

    PDAM president Khairul Annuar Abdul Aziz and four other representatives met with Mahathir for about 45 minutes at Perdana Putra in Putrajaya before the prime minister chaired the weekly meeting of the cabinet.

    Khairul Annuar told reporters later that the meeting discussed the concern and proposals of the association on the issue.

    “We discussed all our proposals and highlighted our concern. He (Mahathir) seemed to be very understanding,” he said.

    Mahathir reportedly said yesterday that the government would make a decision on the proposed weekly float of fuel prices at the meeting of the cabinet today after taking into account the views of fuel station operators.

    “We are looking forward to that – until the decision is made by the cabinet. Let the cabinet decide first," Khairul Annuar said.

    Finance Minister Lim Guan Eng had announced on Dec 23 that petrol and diesel prices would be subject to a weekly float beginning Jan 1, 2019.

    Following an objection and complaints from PDAM, Lim said on Dec 31 that the prices of RON97, RON95 and diesel would be retained at RM2.50, RM2.20 and RM2.18 per litre, respectively, in the first week of the new year until the matter was sorted out.

    PDAM has also asked the government to raise the fuel sale commission for fuel station operators to reduce any loss they might face due to the fuel price float.

    - Bernama

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