Tuesday, June 30, 2015

No more fuel price change notice to public, only to retailers - Hasan Malek



KUALA LUMPUR: There will no longer be any notification on fuel price change to the public and such a notice will only be issued to retailers at midnight on the last day of the month.

Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hasan Malek said this will be done irrespective of whether the price changed or not.

He said this was due to the fact that this had become a routine affair following the implementation of the Managed Float System for the prices of RON95 petrol and diesel from Dec 1 last year.

He told this to reporters after attending the Goods and Services Tax (GST) Open Day organised by UMNO Youth here today.

Also present were UMNO Youth chief Khairy Jamaluddin, who is also Youth and Sports Minister and Deputy Finance Minister and UMNO Information chief Ahmad Maslan.

Prior to this announcement, changes in the prices of RON95 petrol and diesel under the system are announced on the ministry's website.

The price of RON97 petrol is subject to market prices.

The managed float system was introduced after fuel subsidies were removed when world oil prices dropped towards the end of last year.

On June 1, the prices of both RON95 and diesel went up by 10 sen to RM2.05 a litre. RON97 retailed at RM2.35 a litre.

On another matter, Hasan denied that the ceiling price for chicken during the Aidilfitiri festive period would be increased.

He said that the Price Control Scheme for the Aidilfitri season would be announced on Friday.

He added that the government would be announcing more GST zero-rated items in Budget 2016 to ease the people's burden.- Bernama  

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