{"id":31932,"date":"2017-11-10T14:50:34","date_gmt":"2017-11-10T06:50:34","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=31932"},"modified":"2018-08-24T00:26:36","modified_gmt":"2018-08-23T16:26:36","slug":"no-changes-current-fuel-pricing-system","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/no-changes-current-fuel-pricing-system","title":{"rendered":"No Changes To Current Fuel Pricing System"},"content":{"rendered":"<p>Despite the increase in petrol prices recently and many people feeling the pinch, the government has no intention of abolishing the weekly petrol price fluctuation system.<\/p>\n<p>Minister in the Prime Minister&#8217;s Department Datuk Seri Dr Wee Ka Siong said the system played a role in ensuring proper growth in the country.<\/p>\n<p>The current system allows the market to determine the petrol price as the previous subsidy allocated for petrol had not reached the targeted group and posed little benefit to them.<\/p>\n<p>He also said it was impossible to go back to the old system where the government could subsidise up to 70 sen and that it wasn&#8217;t possible to take money out from the Treasury to pay subsidies to oil companies.<\/p>\n<p>He said the country still enjoyed one of the lowest petrol price in the world and the problem should not be politicised.<\/p>\n<p><a href=\"https:\/\/www.thestar.com.my\/news\/nation\/2017\/11\/09\/wee-ka-siong-no-abolish-weekly-fuel-prices-adjustments\/\" target=\"_blank\" rel=\"nofollow\"><em>[Source]<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looks like we have to deal with it.<\/p>\n","protected":false},"author":38,"featured_media":28505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[237,216,319],"tags":[],"class_list":["post-31932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-autos","category-news-updates","category-petrol-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Current Fuel Pricing Mechanism In Malaysia To Stay<\/title>\n<meta name=\"description\" content=\"With the price of petrol rising in the past few weeks, the government has insisted that the current fuel pricing system will remain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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