The ceiling price for fuel will be announced weekly from April, said Domestic Trade, Cooperatives and Consumerism Minister Datuk Hamzah Zainuddin.
He said the ceiling price would likely be announced on a Monday or Saturday for the week compared with currently, where prices are announced once a month.
He said this would enable consumers to know the current prices and avoid confusion.
“The Government is determining the fuel price to avoid it exceeding the correct market price.
“In reality, what Second Finance Minister Datuk Seri Johari Abdul Ghani and I are doing is to ensure that the people know what has been determined by the Petroleum Dealers Association of Malaysia.
“It is up to the petrol station retailers to work with the association and ensure no one is left out of the concept we want to put in place,” Hamzah, who is the Larut MP, told reporters after officiating the Parent-Teachers Association meeting of SK Bagan Baru on Saturday.
Weekly notice at all petrol satation nationwide
Hamzah said a notice highlighting the ceiling price would be placed at all petrol stations throughout the country to enable consumers to know if it had been raised or lowered.
Asked about the request by the Perak Petroleum Dealers Association (PPDA) to not undertake a ceiling price mechanism, Hamzah said his ministry had a discussion on the matter on Friday.
“They 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 said. – Bernama