• No more fluctuation in fuel prices.
PUTRAJAYA: Tun Dr Mahathir Mohamad says the price of fuel will no longer be floated on a weekly basis, and will be pegged to the present price.
“There will be no more (price) fluctuation. The present fixed price will stay.
“If it is not enough, the Government will subsidise,” he told a press conference yesterday.
The current fuel price is RM2.20 per litre for RON95, RM2.47 for RON 97 and RM2.18 for Euro 2M diesel.
The practice of the previous administration was to determine fuel prices on a weekly basis. The new price is announced every Wednesday at 5pm.
He also said his government would look at laws that needed to be reviewed and repealed, adding that this included the Anti-Fake News Act 2018 and those concerning national security.
Dr Mahathir said he would expedite the forming of the new Cabinet and for Parliament to convene for these laws to be repealed.
The Prime Minister said seven more Cabinet members would be named this week, adding that with the three named earlier, the 10-member Cabinet could function while waiting for the appointment of the remaining 15.
Asked how difficult it would be to reform Malaysia and whether he was up for the task, Dr Mahathir said: “It is difficult ... time and energy consuming. I don’t have much sleep but I have to do it because I’m now the Prime Minister. I can’t complain much.”
On the termination of contract staff in the civil service, Dr Mahathir explained that those asked to leave were political appointees, 17,000 in total.
Those hired for lower positions such as drivers would be given other jobs in the civil service, he added.
“These people are not political appointees and are in the lower income bracket. It will be a burden to them if they have no income. So we are in the midst of finding them placements and this will take some time,” he added.
On when the new Malaysian AntiCorruption Commission (MACC) chief would be appointed, Dr Mahathir said it would need the consent of the Yang di-Pertuan Agong.
Meanwhile, the Petrol Dealers Association of Malaysia (PDAM) welcomed the move to “hold” fuel prices, saying it was good for the industry.
PDAM president Datuk Khairul Annuar Abdul Aziz said dealers tried to have amounts “as minimum as possible” as any price drop would eat into their margin.
“Whatever we have, the balance of stock remaining at midnight, whatever we sell the next day, is at reduced margins or at a loss,” he added.