The Malaysian Finance Ministry, in a Bernama report last week said that the government is going ahead with the implementation of GST on April 1, despite calls for its deferment.
With the 25 sen increase of retail fuel prices this week, Datuk Hashim Othman, President of the Malaysian Dealers Association (PDA) said dealer operators may suffer losses in the coming days.
BHP Petrol has announced plans to offer Euro 5 standard diesel in Johor, the first appearance of the fuel in Malaysia.
Chevron Malaysia has announced plans to open 25 Caltex fuel service stations during 2014.
7-Eleven Malaysia has announced the opening of its 1,600th store in Sri Hartamas.
Petron Malaysia is aiming to increase take-up of its fleet card offering by between 15% and 20% within the next year, the company has announced.
7-Eleven Malaysia has announced the rollout of BCard, a loyalty programme spanning 1,200 outlets, in partnership with BLoyalty Sdn Bhd.
Malaysia's Domestic Trade, Cooperatives and Consumerism Ministry (MDTCC) has launched a special operation to curb abuse of subsidised diesel nationwide, according to Minister Datuk Seri Hasan Malek.
Speaking to local media, Malek said that the operation, 'Ops Titik', focused on companies and hotspot areas as well as individuals. “The ministry has taken various measures to curb abuse of subsidised diesel, with the latest move, the cancelling of licences for bunkering and wholesale of petrol and diesel at private jetties," he revealed. “Not only that, we are improving existing provisions in the law, like the Control of Supplies Act, which is being amended to provide for a stuffer penalty on errant traders.”
Since the operation launched in May, he said, it had recorded 151 cases involving seizures worth RM8.057m. Johor recorded the highest number of cases with six incidents and seizures worth RM2.166m, followed by Putrajaya with six cases and seizures worth RM1.592m.
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The Domestic Trade, Cooperatives and Consumerism ministry (KPDNKK) has dismissed reports that the Government intends radical reform of the fuel subsidy regime.
Malaysia's Public Accounts Committee (PAC) has called for a reform of the enforcement agencies responsible for diesel subsidies and fuel smuggling prevention.
