‘Weekly fuel price ceiling a sign of impending polls’

KUALA LUMPUR: A Singapore investment bank believes that the new weekly price ceiling for fuel, which will come into effect next month, is an indicator of a coming general election.

UOB Kay Hian (UOBKH), in an analyst report, believed that the Government having a weekly price ceiling and allowing retailers to set their price at their stations could spark a price war, which would benefit consumers and big retailers like Petronas Dagangan Bhd.