A total of 3,500 petrol stations across Peninsular Malaysia have reported collective losses amounting to RM181 million following the government’s decision to float the price of diesel in June this year. The financial strain has prompted a call for urgent reforms in the pricing mechanisms governing the fuel industry.
According to The Star, Datin Hanny Julia Haron, honorary secretary of the Bumiputera Petrol Station Operators Association of Malaysia (Bumipeda), described the diesel subsidy rationalisation as a severe economic challenge for station operators. Speaking at the Bumipeda Southern Region Conference held in Kampung Orang Asli Teluk Jawa on Wednesday, she highlighted the widespread impact of the policy change.