Firms urged to sub­mit ap­pli­ca­tions early

New Straits Times - - News -

SERDANG: Petrol com­pa­nies and sta­tion op­er­a­tors keen on car­ry­ing out pro­mo­tions by giv­ing dis­counts on the stip­u­lated ceil­ing price of fuel are re­quired to sub­mit their ap­pli­ca­tions early to the Do­mes­tic Trade, Cooperatives and Con­sumerism Min­istry for ap­proval.

Its min­is­ter, Datuk Seri Hamzah Zain­ud­din, said the re­quire­ment was in the in­ter­est of con­sumers and to avoid sur­pris­ing con­sumers fol­low­ing the weekly fix­ing of petrol and diesel prices, which comes into ef­fect this Wed­nes­day.

“If they (petrol com­pa­nies and sta­tion op­er­a­tors) want to carry out pro­mo­tions, they must have plans. There­fore, they must in­form us. If they do that, we can give ap­proval any­time.

“Once ap­proved, we will in­form the pub­lic of com­pa­nies hav­ing pro­mo­tions on cer­tain dates.

“We must make sure there is no sur­prise for con­sumers,” he said af­ter at­tend­ing the min­istry’s Fam­ily Day here yes­ter­day.

How­ever, he did not give the time frame for the oil com­pa­nies and petrol sta­tion op­er­a­tors to sub­mit their ap­pli­ca­tions.

Last Wed­nes­day, Hamzah said the weekly fix­ing of petrol and diesel price would take ef­fect this Wed­nes­day, with the prices to be an­nounced ev­ery Wed­nes­day af­ter mid­night.

He said stern ac­tion would be taken against petrol com­pa­nies and sta­tion op­er­a­tors that sold petrol and diesel at prices higher than the prices fixed by the gov­ern­ment.

On the Con­sumer Price In­dex (CPI), which is used to gauge in­fla­tion rates, Hamzah said it in­creased by 4.5 per cent to 119.7 last month, adding that the min­istry would con­tinue to work with min­istries and agen­cies to en­sure ad­e­quate sup­ply of goods.

“We will en­sure the agen­cies look for sup­pli­ers to en­sure there is enough sup­ply of goods, es­pe­cially dur­ing fes­ti­vals. Thus, the prices of goods will be more sta­ble,” he said. Ber­nama


Do­mes­tic Trade, Cooperatives and Con­sumerism Min­is­ter Datuk Seri Hamzah Zain­ud­din (cen­tre) ex­er­cis­ing dur­ing the min­istry’s Fam­ily Day in Serdang yes­ter­day.

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