Are unchanged fuel prices due to GE14, asks PH

Wan Azizah has reiterated PH’s promise to introduce targeted subsidies to stabilise petrol and diesel prices within the first 100 days if the opposition coalition wins in GE14.

PETALING JAYA: Pakatan Harapan (PH) today questioned whether the government’s action to keep the prices of petrol and diesel unchanged since March, despite global crude prices hitting three-year highs, is due to the May 9 election.

“Even though the price of Brent crude oil (a key international benchmark price) is at its highest since November 2014, the local prices of petrol and diesel have not changed for five consecutive weeks,” said PH president Dr Wan Azizah Wan Ismail in a statement.

She said this proved that petrol prices actually could be stabilised.

Wan Azizah reiterated PH’s promise to introduce targeted subsidies to stabilise petrol and diesel prices within the first 100 days if the opposition coalition wins the coming election and forms the government.

She said the pledge was among the priorities of a PH administration to lower the cost of living for the benefit of the people.

Yesterday, the domestic trade, consumerism and cooperatives ministry announced unchanged pump prices of petrol and diesel for the fifth week running at RM2.20 per litre for RON95, RM2.47 per litre for RON97 and RM2.18 per litre for diesel.

Since March 29, prices of petrol and diesel have been set on a weekly basis, effective at midnight each Wednesday.

The prices of petrol and diesel have been fixed based on the average world price of crude oil after the removal of fuel subsidies in December 2014. Initially, it was fixed monthly and later changed to weekly.