RON95 selling at RM1.50 per litre is fake news

A photo of Domestic Trade and Consumer Affairs deputy minister Chong Chieng Jen refueling petrol that went viral in the social media, accompanying a statement that alleged the price of RON95 has been lowered to RM1.50 per litre.

By Peter Sibon

KUCHING, Aug 14: State Domestic Trade and Consumer Affairs director Datuk Stanley Tan has refuted that the price of RON95 has been lowered to RM1.50 per litre, as viraled in the social media today.

According to him, the price of RON95 (for this week) remained at RM2.18 per litre.

“As far as I’m concerned, the news is fake, as there is no latest directive on the move to reduce it to RM1.50 per litre,” Tan told DayakDaily here today.

He stressed that it would almost be impossible for the federal government to reduce the price of petrol due to the current state of country’s economy.

“If indeed it is true, it could bankrupt the country,” said Tan.

Early this year, Finance Minister Lim Guan Eng said the weekly fuel price float will see RON95 petrol capped at RM2.20. Any increase exceeding RM2.20 will be subsidised by the federal government.

When asked on the never-ending complaints of consumers on the ever-increasing prices of food items in the market, Tan said the people must be able to decide on how to manage their budget.

“Consumers always have a choice on whatever goods and services available in the market. Say for instance, you can go to Starbucks or mamak restaurant for your drinks.

“It all depends on your budget. Prices of goods in the market depends on the supply and demand,” he continued.

Tan assured that the ministry will continue to monitor if there is any element of profiteering among traders in the market.

“We will continue to monitor prices of goods in the market and if there is any element of profiteering, we will take the necessary action.” — DayakDaily