KUALA LUMPUR – Malaysia has become the focus of Singaporean drivers to ‘flee’ from paying exorbitant petrol price in their country.
Currently, the RON95 petrol is retailed between S$2.99 until S$3.00 per litre (RM9.32) in that republic, four times higher than the subsidised retail price in Malaysia at RM2.05 per litre.
The Malaysian government subsidise the RON95 petrol to help maintain the fuel price and relief the people from their economy burden.
Yesterday, the Singaporean media reported that their Second Minister for Trade and Industry, Dr Tan See Leng said that there was no evidence of collusion among petrol retailers in Singapore and the movement of pump prices have so far largely mirrored changes in crude oil prices.
“As at end-March, crude oil prices were about 40 per cent higher than in January, while the price of petrol was on average 15 per cent higher and diesel was 30 per cent dearer,” Seng Lee said in a ministerial statement in Parliament.
He added, if there is any evidence of anti-competitive behaviour, such as coordinated price increases, the Competition and Consumer Commission of Singapore will take firm enforcement action, including fines for offending companies.
With oil prices now easing, the RON95 petrol has dipped below S$3 per litre as on Monday (4 April).
However, the pump prices in Singapore remains volatile and market watchers are expecting crude oil prices to remain high.
Meanwhile in Johor, netizens are sharing a number of photos of vehicles with Singapore registration plates refuelling with the subsidised RON95 petrol.
The act was not only selfish but also a violation to the Malaysian law as the subsidised fuel is only catered for Malaysians and not foreign cars.
According to the netizens, the Singaporean drivers also enjoy higher currency rate compared to Ringgit and it simply could not justify their actions. -MalaysiaGazette
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