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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: