JOHOR BARU: The Opposition is questioning why local fuel prices have stabilised despite global increases in oil prices.
Johor DAP’s assistant publicity secretary Sheikh Omar Ali, who is vying for the Paloh state seat, called this situation “strange” and “amazing” in a statement on Thursday (April 26).
He noted that fuel prices in the country have not changed since March 22.
“Since the Barisan Nasional-led government removed the fuel subsidy, oil prices have been fluctuating and is rising more often then reducing,” Sheikh added.
As of Wednesday, oil prices have continued to climb to a near three-and-a-half-year high, crossing the USD$75 (RM285) per barrel mark on expectations of lower supply.
Sheikh added that it was unclear how the petrol and diesel were set on the managed float system.
He added that Pakatan Harapan would introduce targeted petrol and diesel subsidies to ensure that fuel prices are stable.
He said that with such a system, the people need not worry about sudden fluctuations in fuel prices.
The price of RON95 petrol is currently at RM2.20 per litre, RON97 (RM2.47), Diesel (RM2.18) and Euro 5 (RM2.28).
Source: the star online