WEEKLY FUEL CEILING PRICES TO STAY
Dealers must get ministry’s approval before making special offers, says minister
PETALING JAYA firstname.lastname@example.org
WEEKLY ceiling price of petrol and diesel will be maintained to avoid retail price fluctuations, said Second Finance Minister Datuk Seri Johari Abdul Ghani.
He said the introduction would also make consumers to be aware of the changing trend in retail fuel prices as compared to the current monthly system.
“The implementation of the weekly system will make the retail price of petrol and diesel to be more reflective of the trend in the global oil price.
“And it will also avoid unethical profiteering by petrol dealers in the country,” he said after officiating at the launch of KPMG Cyber and Digital Hub, here, yesterday.
Johari said petrol dealers must make appropriate application to the Domestic Trade, Co-Operatives and Consumerism Ministry (KPDNKK) before making any promotional offers on petrol and diesel prices.
“If petrol dealers want to make special offer, they have to be approved by KPDNKK first. KPDNKK then needs to monitor the duration of the promotional campaigns.
“The ministry’s concern is that promotions will cause price war in the market and supply shortage in certain areas,” he said.
Meanwhile, KPMG launched its local Cyber and Digital Hub yesterday, with the aim of helping its clients to manage cyber security risk.
Johari said KPMG Cyber and Digital Hub, which provided a collaborative digital ecosystem for innovators, investors and corporates, was timely.
“Such ecosystem will provide startups opportunities to further accelerate and grow to the next stage, as well as equip corporate clients with the latest innovation technology.
“More so, it will facilitate the adoption of innovation and technology for Malaysian busi- nesses in order to be more competitive at international level,” he said.
Second Finance Minister Datuk Seri Johari Abdul Ghani at the launch of the KPMG Cyber and Digital Hub in Petaling Jaya yesterday.