KUALA LUMPUR – December 26, 2018: The Federation of Malaysian Consumers Associations (Fomca) has advised consumers not to panic over a claim that there will be a shortage of petrol next month.
In theory, most petrol station would have enough supply to sustain everyday demand and they only run out of stock if everyone rushes in to fill up their vehicle in anticipation of a price hike, said Fomca deputy president Mohd. Yusof Abdul Rahman
To avoid the problem of supply disruption, consumers simply need to carry on as usual and don’t fill up their fuel tank more than necessary, advises Yusof.
He contends that claims of petrol shortage are caused by unhappiness among station operators and thus wants the government to intervene.
“What I’ve heard is that operators have been given the same commission since 2008 and we all know that the operating cost is not what it used to be,” commented Yusof.
Finance minister Lim Guan Eng yesterday announced that starting January 1, Malaysia will see the weekly floatation system being re-implemented.
Abu Samah Bachik, president of the Bumiputera Petrol Dealers Association of Malaysia, told the Berita Harian newspaper later the same day that most of his members will refuse to refill their fuel reserve at the end of this month in anticipation of lower prices.
Abu Samah suggested that the best way to solve this issue would be to use a monthly fuel price mechanism instead as this will help operators manage their reserves better.
He admitted that the refusal to restock may be seen as a form of protest but said it was necessary to ensure operators continue to stay in business.
It was reported that about 300 operators had left the business since the weekly price mechanism was introduced on March 29 last year.