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Higher fuel prices due to conflicts in Western Asia

November 18, 2017 11:42 AM
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Higher fuel prices due to conflicts in Western Asia

SELAMA: Fuel prices in the local market have increased due to conflicts in the West Asian region, says Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hamzah Zainudin.

The prices would drop once the world market was more stable, he told reporters after a feast at Felda Ijok near here, today.

Hamzah, who is also Larut MP, said the increase in fuel prices over the last two weeks, which had put the current price at RM2.38, was still the lowest among ASEAN countries and placed Malaysia in the list of 20 countries with the lowest fuel prices.

Also read: Fuel prices down second week in a row

Source: thesundaily.my

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Comments - 1
Anonymous

November 18, 2017 10:54 PM

Is this guy Hamzah Zainudin qualified to explain for the petrol price increase? Is not the fuel pump prices based on the price of crude petroleum and the strength/value of the Ringgit vis-à-vis the USD? He is not explaining for the reasons of the fuel price increases! He is also not explaining how his ministry cannot contra the sale of the higher price PETRONAS crude to subsidise the cost of the inferior imported crude! PETRONAS assets and income belongs to the country and not to UMNO!