WHY PRICE OF FUEL NOT STABLE?

KUALA LUMPUR, From today Malaysians will see fuel prices on oil pumps set weekly, not every month as implemented since December 2014.

For consumers, this means that the retail price of fuel in the pump will remain the same or change every Thursday.
The weekly pricing method is said to be necessary to improve the implementation of previously controlled float on a special occasion as world oil prices change daily.
Deputy President of the Federation of Malaysian Consumer Association (Fomca), Mohd. Yusof Abdul Rahman said in this way any increase or decrease in prices would occur in a low range of between 5-10 sen per month on a monthly basis that would cause price changes at a range of 10-20 sen.
He added that the government's dependence on world oil prices in determining local fuel prices was offset would be a bigger burden on the people if the prices continue to rise.

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In my opinion, that statement is true because in this situation world fuel price is not stable. So goverment make that ways to avoid loss in business.


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