Penang ferries spared fuel surcharge despite rising costs


KUALA LUMPUR: The Penang Port Commission, together with Penang Port Sdn Bhd, will not impose a fuel surcharge on ferry services in Penang.

Commission chairman Datuk Yeoh Soon Hin said the decision applies to ferry routes to and from Pangkalan Raja Tun and Pangkalan Sultan Abdul Halim.

“Amid global fuel price uncertainties that continue to pressure operating costs, the commission and port company remain committed to balancing operational sustainability with the interests of users,”

“This includes strengthening operational efficiency and managing cost pressures prudently without passing the burden on to the people,” he said in a statement Friday (April 17).

He added that the commission will continue to play its role as a trade facilitator and port regulator by ensuring ferry services remain sustainable, resilient, and supportive of mobility and economic activities in Penang.

Earlier, the government agreed to implement a targeted bunker fuel surcharge on maritime public transport starting April 20.

The Transport Ministry said the move is aimed at offsetting rising operating costs in the maritime transport sector without affecting public access to these services.

It added that geopolitical tensions in the Middle East have disrupted global energy markets and logistics chains, leading to a sharp rise in marine diesel prices and placing significant pressure on operating costs in the domestic maritime transport sector.

The surcharge adopts a limited ‘pass-through cost’ approach, under which only a small portion of increased fuel costs is transferred to consumers, while the rest is absorbed through government subsidies, operational efficiencies, and internal cost management.

 

 

 

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Penang , Port , Commission , won't , impose , fuel , surcharge , ferry ,

Next In Nation

Multi-agency retreat on scams set in coming weeks, says Fahmi
Cops seek help to locate missing 16-year-old in Ampang
Kimma renews bid to join Barisan as component party
Perak PKR says GE16 seat allocation stable, no major disputes after divisional AGMs
Motorcyclist killed in collision with lorry in Hulu Langat
Proposal to restore 300-litre Budi95 quota for media to be tabled on Tuesday, says Fahmi
Cabinet ready for further pay cuts if Middle East crisis worsens, says Fahmi
Malaysian among eight killed in Kalimantan chopper crash, says Wisma Putra
Married couple among six held over telco substation break-in
Ocean Thunder arrives in Malaysia with one million barrels of Iraqi crude

Others Also Read