Armizan warns business not to use the targeted diesel subsidy to increase prices.

PETALING JAYA – The authorities will monitor under Ops Kesan v2.0 to curb profiteering, price manipulation and abuse of diesel subsidies starting Saturday (8th June).

Datuk Armizan Mohd Al, Minister of Domestic Trade and Cost of Living, warned of stern actions against irresponsible individuals and assured that all complaints will be dealt with within 24 hours.

He said that “Ops Kesan 1.0 (will) focus enforcement against any elements profiteering or price manipulation of good and supplies”, after a session of engagement with petrol station operators on Friday (7 June).

He said that under the Price Control and Anti-Profiteering Act 2011 convicted offenders could be fined RM100,000. (individuals) RM500,000. (businesses), as well as facing a jail sentence.

We have laws, we have penalties, and we’ll increase enforcement because we don’t want to see (the government agenda), sabotaged by parties that manipulate prices.

He said: “As everyone knows, the subsidy is not gone, but will be targeted under the Budi Madani Initiative.”

Budi Madani strives to ensure that subsidy allocations are allocated to eligible groups.

The program is divided between individual assistance (Budi Individu), small farmers and growers (Budi Agri-Komoditi), companies and transport vehicles, (MySubsidi Diesel).

He said that all parties or companies closely related to the targeted subsidy on diesel would benefit, and there was no reason to raise prices.

He said, “It’s not acceptable for them to raise their prices.”

He added that a task force was formed to investigate any problems.

These issues could include implementation and complaints related to price increases and services.

“We have also introduced a standard operational procedure (SOP), which states that any complaints about price hikes or fees must be followed up within 24 hours.

He added, “We want to address all complaints.”

He said that anyone who complains about a price increase or fee must provide a justification within six days.

He added, “We will review (their) reasons before deciding whether an offence was committed or not.”

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