Anwar says govt will look into petrol retailers’ claims of losses from price fluctuations

LocalBusiness & Finance
7 Jul 2026 • 1:27 PM MYT
Malay Mail
Malay Mail

Latest Malaysia breaking stories on politics, analysis and opinions

image is not available

KUALA LUMPUR, July 7 — Prime Minister Datuk Seri Anwar Ibrahim today promised to heed petrol station operators’ concerns over alleged losses stemming from oil price fluctuations.

Anwar told Parliament this morning that he would instruct Finance Minister II Datuk Seri Amir Hamzah Azizan to meet them and obtain more information.

“I will ask finance minister II to help obtain more details, as well as discuss this with oil companies,” Anwar said in reply to a supplementary question by Ipoh Timur MP Howard Lee Chuan How.

“So far, they have given full cooperation, otherwise it would not have been possible for us to implement the targeted RON95 petrol and diesel subsidies effectively,” he added.

“If there are shortcomings, I am sure, God willing, we will be able to work out a solution.”

Lee alleged petrol retailers are losing as much as RM50,000 when prices of subsidised fuel prices “transition”.

As of July 6, 2026, around 200,000 citizens have been approved for the additional 100 litres of subsidised diesel after the government shifted towards the identification card system.

Anwar said the Ministry of Domestic Trade and Cost of Living has also expanded the SKDS fleet card facility for pickup trucks and jeeps owned by small businesses, particularly sole proprietorship or partnerships.

View Original Article
Newswav Malaysia Best News App

Newswav is an online content aggregator and obtains its content from different online sources. The content in the app do not belong to Newswav nor do they reflect the opinions of Newswav and its staff. Your use of this app indicates your understanding and acceptance of this information.

Newswav Sdn. Bhd. (201701008480 (1222645-M)) 2026 All Rights Reserved