Published: Wednesday October 21, 2009 MYT 1:49:00 PM
Parliament: Dealers cannot sell fuel at lower prices
By ZULKIFLI ABD RAHMAN
KUALA LUMPUR: Petrol dealers are barred from selling fuel at prices lower than the designated rates, Domestic Trade and Consumer Affairs Deputy Minister Datuk Tan Lian Hoe said.
She said this was because petrol prices are set by the APM (Automatic Pricing Mechanism) method introduced in 1983 as a form of fuel price control.
She said the APM was implemented to ensure price stability, control inflation and provide an assurance of profitability to fuel companies and petrol dealers.
“The APM means that dealers cannot decide fuel prices on their own, or consumers will have to pay different prices at different petrol stations.
“Fuel prices will rise later on if the APM is not used when global crude oil prices go up, while the country will be affected by rising inflation,” she told Tony Pua (DAP-Petaling Jaya Utara).
Pua told reporters at the lobby later that the Government should allow petrol companies to offer lower fuel prices to encourage healthy competition.
“The excuse given by the deputy minister just now was that consumers will be faced with different fuel prices at different places.
“But nobody complains when they buy groceries at different prices at different hypermarkets,” he added.
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