Petroleum retail prices will be determined at the Cabinet meeting tomorrow, after considering the interests of both buyers and sellers.
Prime Minister Dr Mahathir Mohamad said the government hoped to be able to reduce the price of petrol, but that all aspects needed to be considered.
“We (the government) would like to bring the price of petrol down, but people who sell it must also make some profit.
“If they do not, they will not sell it and we will not get any petrol.
“So we have to balance between the buyers and the sellers (before making a decision on the price of petrol),” he told reporters after attending the Langkawi eKasih Back to School programme at Sekolah Menengah Kebangsaan Kedawang here today.
Yesterday, Finance Minister Lim Guan Eng said in a statement that the retail prices of RON97, RON95 and diesel would remain unchanged at RM2.50, RM2.20 and RM2.18 per litre respectively for several days until the Cabinet meeting.