He said the information obtained showed that the average weekly prices of global oil were falling, and the possibility that fuel such as RON97, RON95 and diesel in this country will be sold at lower prices.
“According to the trend this week, RON95 will fall further, RON97 will fall further, and diesel may fall further from RM2.23 per litre at present,” he said after a giving a briefing on Budget 2015 here Monday.
He said the rakyat should have already felt the benefits from the drop in fuel prices if the business community took the follow-up move to reduce the prices of necessities.
“The rakyat is waiting…(When prices of) fuel increase, prices (of goods) rise. (When) fuel prices down, (goods prices) don’t go down (yet),” he said.
Ahmad said the reduction in the price of RON97 had suddenly pushed up the demand for this fuel type in the country.
However, he said to date, there was no proof that showed the presence of a specific party that attempted to buy the fuel in large quantities aimed at storing and resell when the price of fuel increase in the future.
He said following the announcement of the fuel price on Dec 1, the demand for RON97 petrol in the country had risen fivefold.
Meanwhile, Ahmad said till today, a total of 188,596 companies had registered with the Royal Malaysian Customs Department for the Good and Services Tax (GST).
Based on average daily registration, he is confident the total registrations for this year will surpass the target of 220,000 companies.
— BERNAMA
