Hamzah urges govt to present fuel price plan in Parliament

 Opposition leader Hamzah Zainudin says the impact of higher fuel prices on Malaysians has to be addressed in the Dewan Rakyat.

Opposition leader Hamzah Zainudin said yesterday’s hike in diesel price would have a chain effect on the economy.

PETALING JAYA:

 Opposition leader Hamzah Zainudin has called on the government to inform Parliament of its plan to manage surging fuel prices amid the Middle East war.

He said yesterday’s hike in the price of diesel would have a chain effect, especially on transportation costs, which in turn would drive up the cost of goods.

The Larut MP said while the public was aware that global oil prices had spiked due to the conflict in the Middle East, the impact of higher fuel prices on Malaysians needed to be addressed in the Dewan Rakyat.

“The government must have a clear, comprehensive, and effective mitigation plan,” he said in a statement.

“Table it immediately in Parliament so that the public can better prepare for the economic impact of the ongoing Gulf conflict.”

The finance ministry yesterday said the price of diesel in West Malaysia would go up by 80 sen from today, from RM3.92 to RM4.72 per litre, in view of the rise in global oil prices resulting from the Middle East conflict.

This comes on the back of another 80 sen increase on March 12, when the price of diesel in West Malaysia increased from RM3.12 to RM3.92.

The increase from RM3.12 to RM4.72 amounts to a 51% spike.

The ministry said although Malaysia is an oil-producing country, petroleum products for domestic use are still obtained through the global market. - FMT