Rafizi to fight for viable retail oil industry


Why the long faces? Oil prices go up and down. When they go back up to USD100 this 2H2015, will there be an outcry from the retailers?

Dateline 2015-01-08, FMT:

Pandan MP Rafizi Ramli has warned that profit margins in the retail oil industry are being squeezed between advance purchases of oil by station owners, reduction in pump prices at monthly intervals as the oil market declines, and government taxes.

He called for pump prices to be fixed on a weekly basis and station operators be allowed to collect petrol and diesel supplies on a consignment basis as the practice is elsewhere in the world.

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This entry was posted on Tuesday, March 17th, 2015 at 6:43 am and is filed under investment, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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