Petrol dealers complained about weekly float system
over 300 petrol stations closed down over 12 months
due to weekly fuel system mechanism
weekly float system increased cost, pushed down volume, reduced margins
forcing some operators to jump ship
mechanism led to rifts with oil companies on stock management
both sides scuffle to minimise losses or maximise gain
different ball game now
If full deregulation thousands of stations will close due to intense competition
big players will come into play at expense of small and medium enterprises
My comments: I say why not apply the same type of thinking to the motor car industry? Lets fully deregulate "the pricing mechanism" for motor vehicles.
What is so special about gas stations and selling diesel and petrol?
Motorcar prices must be at full world market prices, fully deregulated with minimal import duties and taxes imposed.
Follow the world market prices for motor vehicles, just like for petrol and diesel.
There is some secrecy about exactly how Petronas calculates the prices for diesel and petrol. Analysts have pointed out that there is a discrepancy between global oil prices and gas station prices in Malaysia.
Some readers pointed out that Petronas' pricing of petroleum products in Malaysia uses a formula that is based on the Singapore Dollar. Pasal apa pula? Takkan tak tahu kira formula dengan duit Malaysia?
In this country everything is just so screwed up.
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