Change fuel pricing from USD to ringgit, Putrajaya told


Putrajaya gets told a lot, don’t you think?

Dateline 2015-10-13, TMI:

Pakatan Harapan today urged Putrajaya to revamp ‎the formula to determine local fuel prices by switching the reference currency from the US dollar to the ringgit. This, they said, would protect Malaysians from high fuel prices because of the continuous drop in the val‎ue of the ringgit in recent months.

“The formula to determine the actual true and fair price of fuel is the cost of crude oil and its processing to refine it to RON95 added with the guarantee of profit to oil companies,” Rafizi Ramli, who is PKR secretary-general, said in a press conference today

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