Minister of Domestic Trade and Cost of Living Datuk Armizan Mohd Ali said the initial investigation found that four companies that had approved fleet card applications, were issued notices for increasing prices of goods and services. Bernama picPUTRAJAYA, June 14 ― Ten companies which announced increasing their price of goods and services after the targeted diesel subsidy began June 10 were called up to explain the justification of their action.
“The remaining six companies have vehicles which are not included in the list of Subsidised Diesel Control System 2.0,” he said in a statement here today.Armizan said each company will be asked to provide detailed information including documents related to the offering of services or the sale of goods for the purpose of preparing profitability analysis.Armizan said the 10 companies involved had been given written notices issued under Section 21, Price Control and Anti-Profiteering Act 2011.
The purpose is to ensure that all determinants or price increases under SKDS 2.0 were in compliance with the Price Control and Antiprofiteering Regulations 2011