Petrol Prices To Be Announced Weekly Instead Of Monthly, Effective March 29

Will this move be a burden or a blessing for Malaysians?

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Petrol Prices To Be Announced Weekly Instead Of Monthly, Effective March 29
When we talk about petrol, we Malaysians will always get anxious especially at the end of every month.

Why? Because that’s when the government will announce whether there will be any changes in petrol prices.

It’s like playing a game of mystery box, you’ll never know what you’ll get. Your heart beats a little faster as the clock nears midnight, and you’re left wondering whether you’re going to have to pay more starting the next day.

Thank God we have to experience this only once a month, right?

Nope, not anymore.

Gif: Giphy
Recently, Domestic Trade, Cooperatives and Consumerism Minister, Datuk Seri Hamzah Zainuddin announced that petrol prices will no longer be announced monthly, but on a weekly basis instead.

So what used to be your monthly episode of anxious anticipation will now be a weekly thing.

The announcements will be made every Wednesday starting 29 March and the new price will come into effect the very next day.

The price will be based on the global oil market rates, according to Hamzah.

“Following recent discussions with petrol companies, the government has agreed to announce the new prices for petrol and diesel on a weekly basis, every Wednesday.”

“Private companies and petrol station retailers who wish to offer discounts from the fixed prices can do so by getting the approval from the ministry," said Hamzah during a Nasional 5 live telecast on TV1 at Radio Television Malaysia (RTM), Angkasapuri.

What do you think of this move? Will it be beneficial to us or will it add more burden on our shoulders? Share your thoughts in the comments section below.

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