Petrol stations encouraged to sell fuel below govt-stipulated prices


PUTRAJAYA (Bernama): Petroleum products can be sold below government-stipulated prices if petroleum companies want to compete among each other, says Datuk Seri Saifuddin Nasution Ismail.

The Domestic Trade, Consumer Affairs Minister said all 3,500 petrol stations from the six main industry players are currently selling petroleum products according to the Automatic Pricing Mechanism (APM) which is RM2.08 per litre for RON95 petrol.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Petrol , Diesel , APM , Saifuddin Nasution Ismail

Next In Nation

‘Tekad 16’ to spearhead Umno’s GE16 preparations
Umno to open its ‘widest door’ to PAS, says Zahid
'Guru' in India but still wants to know what's happening in Umno AGM, says Zahid
Man found dead inside locked house in Ipoh
Zahid confirms meeting with Negri MB over state developments
Differences aside, Umno will remain professional, says Zahid
Man arrested over alleged robbery, assault of two Rohingya men in Johor
G25: Syariah law must not be placed above Federal Constitution
Tok Mat dismisses rumours of rift with Zahid
MIC fully behind Ahmad Zahid's lead following calls for GE16 to be brought forward

Others Also Read