KUALA LUMPUR: The Domestic Trade, Co-operatives and Consumerism Ministry is still discussing with the Finance Ministry on improving the current method of setting the prices for petrol and diesel, the Dewan Rakyat was told today. Minister Datuk Seri Hamzah Zainuddin said the discussions were held following feedback from various stakeholders, including oil companies, on June 20, and petrol station operators on July 6. Hamzah said the implementation of the new pricing strategy would also take into account the interests of all parties, including consumers’ ability to pay. On complaints from petrol station operators that they had suffered losses following the weekly pricing schedule, he said the government had taken initiatives to ensure acceptable losses. Hamzah said that with the rising world oil prices over the past few weeks, it was hoped that petrol station operators would not incur further losses until the new strategy was announced.

Source: New Strait Times July 31, 2017 08:26 UTC