Some fantastic news could be on the horizon, Malaysian drivers!
Urban drivers will likely receive discounts on fuel from petrol stations after the new weekly price announcement system begins on Wednesday (29th March).
According to a report by The Star Online, these discounts will be in accordance with Domestic Trade, Co-operatives and Consumer Affairs Minister Datuk Seri Hamzah Zainuddin’s recent statement on the matter.
Datuk Seri Hamzah said that petrol stations would either adhere to the set ceiling price under the new system or offer discounts upon getting approval from the ministry.
Source: the star online
According to the new fuel pricing system, prices will be announced on a weekly basis every Wednesday and will be implemented on the following day (Thursdays).
This new system has been met with positive reactions from some petrol station operators.
In a report by The Borneo Post, operators from Sarawak have recently expressed their approval of the new system, saying that it would not only benefit customers but also prevent petrol stations from fixing petrol prices and unwanted closures.
Source: the star online
Petrol Dealers Association of Malaysia (PDAM) president, Datuk Khairul Annuar Abdul Aziz recently stated that it’s still too early to determine discount rates since petrol station operators have not yet been briefed on the new system.
However, this discount system is only applicable for urban Malaysian petrol stations as rural stations cannot afford to do so.
The reason behind this is because rural stations have lower sales compared to urban petrol stations.
Source: hype
In light of all this, many petrol operators have expressed concerns about the new pricing system since they still do not have a clear idea of how it works.
As of now, no oil company has made any form of preparation to display weekly fuel prices to consumers, according to petrol station operator Datuk Abu Samah Bachik.
Well, it looks like it could be a while ’till we can get fuel discounts, but it’s still very much a possibility! Fingers crossed, guys!
Also read: Malaysians Told That Petrol Prices May Increase Again
