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Sell below govt prices to heat up competition, minister tells petroleum companies

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Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail says petrol station operators can retail at different prices to generate volume. FMTNews Petrol

All the 3,500 petrol stations of the six main industry players are now selling their products according to the automatic pricing mechanism.

According to him, all 3,500 petrol stations of the six main industry players are selling petroleum products according to the automatic pricing mechanism , which is RM2.08 per litre for RON95 petrol. “If it is implemented, we can see petrol stations selling at different prices. For instance, if Shell is selling at RM2.06, Petron RM2.07, then go to BHP which is retailing at RM2.04,” he told reporters after attending a Symposium on Fair Competition and Cost of Living here today.

“The petrol retailing business is one of volume, not margin, which means competition among station operators can take place.

 

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