The Petrol Dealers Association of Malaysia (PDAM) is holding a series of urgent meetings with the government over the proposed weekly float system in order to stop a possible national-level boycott by its members.
The weekly fuel float system will allow Malaysians to benefit faster from reductions in the fuel prices but dealers fear they may lose money.
The operators are refusing to restock fuel for the next few days as they will probably have to sell it lower from Jan 1, after the weekly float for the RON95 petrol price is implemented. This is in view of low global oil prices.
PDAM president Khairul Anwar Abdul Aziz said a few more meetings were expected between the dealers and the government before a decision is made.
“We hope the outcome is favourable to all parties,” he told FMT, adding that the boycott depended on the outcome of the meetings.