SHAH ALAM, 2 Jan: The Federation of Malaysian Consumer Associations (FOMCA) is of the opinion that the issue of losses faced by petrol operators, as claimed by the Malaysian Petrol Dealers Association, is an internal matter.
The Deputy President of FOMCA, Mohd Yusof Bin Abdul Rahman, said that the profits earned by petrol operators are based on the commission set.
“The decline in oil prices does cause their income to go down. It is only when oil prices go up; it will not affect them (reduction in income) significantly.
“We see it as more of an internal issue between entrepreneurs and oil producing companies. They need to solve this between themselves,” he told Selangor Kini.
He explained that consumers have the right to get lower prices if the market prices fall.
With the decline in oil prices, the people will use more petrol through outdoor activities such as going on vacation and going back to their hometowns.
The President of the Malaysian Petrol Dealers Association, Hashim Othman, previously in a media report, said that petrol dealers will face losses between RM20,000 to RM100,000 as a result of the reduction in oil prices.
With effect from January 1, the federal government announced the retail price for ROM95 to be set at RM1.91 per litre, RON97 at RM2.11 per litre and RM1.93 per litre for diesel.