The Domestic Trade and Cost of Living Ministry cautioned concrete producers and towing companies against price hikes following the diesel subsidy removal. Deputy Minister Fuziah Salleh emphasized the need to avoid profiteering, warning of legal action under the Price Control and Anti-Profiteering Act.
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Amidst diesel price increases to RM3.35 per litre, some companies informed customers of impending price adjustments, citing rising raw material and transportation costs. One concrete supplier in Temerloh, Pahang, and a tow truck operator announced price hikes due to diesel cost spikes. The government clarified that only lorries transporting essentials receive diesel subsidies. Investigations into alleged profiteering are ongoing.
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