WEEKLY FUEL CEIL­ING PRICES TO STAY

Deal­ers must get min­istry’s ap­proval be­fore mak­ing spe­cial of­fers, says min­is­ter

New Straits Times - - Business -

FARAH ADILLA

PE­TAL­ING JAYA farah.adilla@me­di­aprima.com.my

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.

PIC BY SALHANI IBRAHIM

Sec­ond Fi­nance Min­is­ter Datuk Seri Jo­hari Ab­dul Ghani at the launch of the KPMG Cy­ber and Dig­i­tal Hub in Pe­tal­ing Jaya yes­ter­day.

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