DAP: GST on fuel will push it above market price
MalaysiaKini.com
Oct 3, 2014

Malaysians may pay higher than market price for fuel come April 2015 should the Goods and Services Tax (GST) be imposed on it.

Perak DAP economic development bureau chief Chong Zhemin (left) thus slammed Domestic Trade, Co-operatives and Consumerism Minister Hasan Malek who yesterday said that the fuel hike is minimal.

“Hasan Malek lied through his teeth when he said the fuel hike is minimal,” said Chong.

Quoting a Reuters news report, Chong said the world crude oil prices will continue to fall, as predicted by energy analysts.

Chong also said that Malaysians were under no illusion that fuel will be exempted from GST, although the Finance Ministry had denied reports that the GST will be imposed on fuel.

"If the fears of GST on petrol are real, the petrol price would increase to RM2.44 after 6 percent GST is added on, making the petrol price just 14 sen short of the current market price," he said.

The current market price of RON95 is RM2.58 per litre.

The RON95 petrol and diesel prices increased by 20 sen per litre on Oct 2.

The RON95 and diesel are now priced at RM2.30 per litre and RM2.20 per litre respectively.

Chong then urged Prime Minister Najib Abdul Razak to immediately clarify whether the GST will be imposed on petrol or otherwise.

"Stop ducking and weaving on this issue. Najib cannot wait until Budget 2015 is tabled to answer this simple but crucial question," he said.

Copyright © 1999-2012 Mkini Dotcom Sdn. Bhd	
Sourcehttp: http://www.malaysiakini.com/news/276522