Malaysia: Dealers Association Appeal on Fuel Supply With Falling Prices

"This is in line with the government's directive to ensure sufficient supply to avoid being fined under the Supply Control Act," said its acting president, Mejar Abd Wahid Bidin in a statement. He hoped that the government would consider the proposals forwarded by the association to reduce the burden of losses by the owners. This is because the owners experienced losses each time the government reduced the price of petrol, he said.

Abdul Wahid said the price of petrol was controlled by the government and the owners had to sell at the stated price even though they purchased it at a higher price.  "The incident of depleted stock last week was not simply caused by the owners or encouraged by the association," he said.

He said the increase in sales after the reduction in petrol price affected the stock level and the failure of oil companies to top up the supply resulted in a depletion of stock in some areas. Abdul Wahid hoped that the station owners would plan and control supply to ensure the incident was not repeated.

-PetrolWorld 131108