Petrol station owners claim they are losing money

By THE STAR | 2 April 2015

PETALING JAYA: Fluctuating fuel prices have not caused any problem in running petrol stations, but dealers said they are losing money.

Petrol Dealers Association of Malaysia president Datuk Hashim Othman said a centralised system was used to key in the prices of petrol and diesel, and there has been no trouble so far.

“The prices of fuel are keyed in at the headquarters and we use a computerised system that syncs the prices.

“So far, we have not encountered any issues when operating the petrol bunks,” he said.

Hashim, however, said that the fluctuating prices were causing the business to lose revenue.

“We lose out when the prices of fuel go down because we buy at higher prices,” he said.

“When the prices go up, they only offset the money that we lost when the prices went down. At the end of the day, we cannot make much profit.”

Petrol prices have been fluctuating since the decision of the Domestic Trade, Cooperatives and Consumerism Ministry to set the market prices of RON95 and diesel based on a managed float last year.

According to the ministry, the retail prices of RON95, RON97 and diesel for April remain unchanged from March.

RON95 is unchanged at RM1.95 per litre, RON97 at RM2.25 and diesel at RM1.95.

These prices are effective 12.01am, April 1. The RM2.25 per litre price for RON97 is inclusive of 6% GST.