PETALING JAYA: Fomca has slammed the “selfishness and double standards” of businesses that do not want to reduce prices even after fuel costs have dropped.
Its secretary-general Datuk Paul Selvaraj said these traders were quick to increase their prices when fuel went up, but maintained them when the cost of fuel had gone down.
“The prices of food and other items must go down in line with the drop in petrol and diesel prices, as the price of fuel has a high multiplier effect on goods,” he said.
“It should come down because it affects the reduced cost of production,” he added.
Selvaraj said there should be no letting up in the Government’s monitoring of prices, adding that the Price Control and Anti-Profiteering Act should be enforced to prevent unscrupulous traders from raising prices whenever they liked.
“Enforcing the Act will encourage more competition and prevent price distortion,” he said.
Puteri Umno chief Datuk Mas Ermieyati Samsudin described the attitude of traders who refused to reduce the prices as “ridiculous”.
“They must appreciate the initiatives taken by the Government and reduce the prices instead of only thinking about making extra money,” she posted on her Twitter account.
“The Domestic Trade, Cooperatives and Consumerism (ministry) must have a special mechanism to ensure that prices remain low. They should also take action against those who are guilty,” she said.
The ministry has started monitoring the prices of goods and service charges on Jan 15, in the run-up to the implementation of the Goods and Services Tax on April 1.
Under Ops Catut, which would go on until March 31, the ministry would compile the prices and charges of nearly 10,000 items and services.