PETALING JAYA: A price difference of just 20 sen per litre is all it takes to encourage smuggling of fuel to neighbouring countries. In Malaysia, the fuel price for RON95 and diesel cost RM2.08 a litre and RM2.18 per litre respectively for the week beginning today until Oct 25. Some of the middlemen who help manage petrol stations are the culprits who smuggle fuel out of the country. “The bigger the price difference between the world and our pump price, the more will be smuggled, ” said a source there. “Even with a 20 sen to 50 sen difference, it is already a good margin for all involved.”To combat the smuggling of petrol, they said the stock management system at stations and fuel depots have to be digitalised.

Source: The Star October 18, 2019 23:15 UTC