PAS: Govt urges to have a ceiling price for both petrol, diesel

04 Dec 2014 / 17:39 H.

    KUALA LUMPUR: PAS has called on the government to impose a ceiling price for petrol and diesel so as to allow petrol stations to compete with each other which will then give vehicle owners the option of filling their tanks at the station which offers the lowest price.
    "The rakyat must benefit and a healthy competition on the price of petrol and diesel will be good," said PAS research centre executive director Dr Dzulkefly Ahmad.
    He said this mechanism has been implemented in the United Kingdom where consumers are allowed to choose petrol kiosks to suit their needs.
    "Currently in Malaysia, Petronas has 1,000 stations, Petron 500 and Shell has more than 1,000 outlets. Consumers can choose their stations if the mechanism on pricing is in place," he said, adding that the government should consider looking into this proposal for the benefit of the rakyat.
    He also suggested for the replacement of MOPS (Mean of Platts Singapore) with another benchmark as the country has its own infrastructure to produce and filter crude oil for the nation's consumption.
    MOPS is the variable value which is used as an automatic pricing mechanism used in managing the float on fuel prices.

    thesundaily_my Sentifi Top 10 talked about stocks