KPDNKK To Come Out With Measures To Ease Petrol Dealers's Burden

PUTRAJAYA, June 7 (Bernama)--- The government will come out with measures to help petrol dealers to cope with the declining trend of oil prices, said Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hamzah Zainudin.

He said the announcement related to the ministry's effort to help petrol dealers would be made after he held a meeting with oil companies next week

"The people are very happy because prices are going down almost every week, no complaints from them but on the top of that, for dealers they find that they are losing money," he told media after attending a break-of -the fast event at his ministry here today.

"When the prices go down, whatever stocks they hold, even though it was last week's price they have to sell the balance at loss.

"So we have to do the calculation, then I will have a discussions with petrol companies by next week," he added.

Hamzah said the matter had also been raised with Second Finance Minister, Datuk Johari Abdul Ghani and there were certain strategies that could be implemented to assist petrol dealers.

RON95 price decreased by five sen to RM2.05/litre, RON97 fell seven sen to RM2.31/litre while diesel fell eight sen to RM1.94/litre.

The new prices of petrol and diesel are effective tomorrow until 14 June.