Why is diesel’s ceiling maintained at RM2.15 even when market increases?

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Diesel Ceiling Price Maintained at RM2.15 to Shield Consumers

The retail price for diesel will remain at RM2.15 per litre for the week of October 5 to 11, as the government continues to uphold the ceiling price. This decision has been made despite an increase in the market price of diesel beyond the current RM2.15 threshold, reflecting a commitment to protect consumers from the volatility of global oil prices.
Government Maintains Ceiling Price

The Finance Ministry has confirmed that the ceiling price for diesel will be maintained at RM2.15 per litre. This price point is set to remain in effect for the period of October 5 to 11.
Market Price Exceeds Ceiling

Current market conditions indicate that the actual price of diesel has risen above the established ceiling of RM2.15 per litre. This divergence between market and regulated prices necessitates government intervention.
Consumer Protection as Rationale

The primary reason cited for maintaining the ceiling price is to safeguard consumers from the impact of escalating global oil prices. By keeping the price at RM2.15, the government aims to prevent a direct pass-through of increased international oil costs to the end-user.
Ongoing Monitoring and Measures

The government stated its intention to continuously monitor trends in global crude oil prices. This oversight is part of an effort to implement necessary measures that ensure the welfare and well-being of the populace.

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Why is diesel’s ceiling maintained at RM2.15 even when market increases?

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