PETALING JAYA: Petrol dealers are claiming that many stations may have to close down if fuel prices continue to drop, citing in heavy losses. The fuel price drop had led to dealers incurring losses of between RM20,000 and RM100,000 each said the Petrol Dealers Association of Malaysia president Datuk Hashim Othman.
Petronas Petrol Dealers Association president Datuk Abu Samah Bachik feared that stations would close down if prices were to drop another two to three times.
“All dealers in the country are affected, none of us are exempt from this,” he said. The dealers are now in discussion with the Government on how to handle this problem. Asked to confirm rumours that dealers were running out of supply, Hashim said on Thursday that this might have been due to motorists holding out from buying fuel until after the new price change.
“Some (stations) do run out of fuel because people aren’t buying before the end of the month. But when the price goes down, everyone rushes to buy,” he said.