Petrol station retailers against fuel ceiling price’

Dateline 2017-03-01, Borneo Post:

Petrol station retailers across the country do not welcome the government’s proposal to impose ceiling price on all fuel grades at petrol stations nationwide, says Sarawak Petroleum Products Agents Association president Edwin Banta.

Retailers are concerned that the ceiling price proposal would create a non uniform price for all fuels sold at petrol stations because this will lead to a price war among petrol brands and also between individual petrol stations, which means petrol stations will have to sacrifice their short term margins.

The Ministry of Finance should continue to fix the pump prices in the market and possibly find a different solution to the current problem which will not lead to more problems, he stressed.


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