BR IEFS PAS: CAP PETROL PRICE

PETALING JAYA: PAS has urged the government to fix a ceiling price on petrol and bear any additional costs with subsidies if the price goes above it. PAS information chief Nasrudin Hassan Tantawi said this was necessary as the determination of fuel prices based on a managed float system would allow continuous price hikes. “The government should also review the formula for petrol and diesel price determination, factoring in the aspect of changes in global fuel prices, the country’s reserves and inflation rate,” he said.