Selepas kenyataan-kenyataan saya yang mengkritik sistem penetapan harga minyak yang dilaksanakan sekarang, Menteri Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan (KPDNKK) Dato’ Hassan Malek telah memanggil satu mesyuarat tergempar pada 9 Januari 2015 iaitu sehari selepas saya mendesak supaya sistem yang berasaskan stok konsainan (consignment stock) dilaksanakan dan harga minyak diturunkan setiap minggu.

Bersama-sama ini disertakan agenda mesyuarat yang dipengerusikan oleh beliau pada 9 Januari 2015 yang menunjukkan beliau sedia maklum dengan semua isu yang saya bangkitkan.

Saya juga ingin menarik perhatian rakyat kepada harga pasaran sebenar RON95 seperti yang ditetapkan mengikut formula Barisan Nasional sendiri. Lampiran A menunjukkan bahawa harga RON95 telah jatuh ke paras RM1.62 seliter pada 9 Januari 2015. Keadaan ini akan berterusan dan tidak mustahil menjelang akhir Januari 2015 harga RON95 (mengikut formula yang ditetapkan oleh Barisan Nasional sendiri) akan jatuh ke paras RM1.50 seliter.

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Malangnya, dengan sistem penetapan harga setiap sebulan sekali seperti yang dijalankan sekarang, rakyat Malaysia masih terus membayar RM1.91 seliter walaupun harganya jauh lebih rendah. Perbezaan harga di antara 30 – 40 sen seliter yang dibayar oleh rakyat Malaysia terus dikutip sebagai cukai tersembunyi oleh Barisan Nasional.

Oleh yang demikian, saya menyeru supaya Menteri KPDNKK, Dato’ Hassan Malek segera membentangkan kepada rakyat apakah hasil mesyuarat tergemparnya yang dibuat pada 9 Januari 2015?

Apakah Barisan Nasional akhirnya bersetuju untuk menurunkan harga setiap minggu supaya rakyat boleh menikmati harga petrol dan diesel yang lebih rendah?

Apakah Barisan Nasional bersetuju untuk mengarahkan agar sistem stok konsainan (consignment stock) dilaksanakan segera oleh syarikat-syarikat minyak supaya semakan harga setiap minggu dapat dijalankan tanpa menjejaskan kelangsungan operasi stesen minyak?

Saya juga menyeru supaya Menteri KPDNKK membentang perkara-perkara ini dalam mesyuarat Kabinet minggu ini dan satu keputusan diumumkan secepat mungkin bagi mengelakkan rakyat terus menjadi mangsa.

RAFIZI RAMLI
Naib Presiden & Setiausaha Agung
Ahli Parlimen Pandan

12 Januari 2015

My previous media statement on the weaknesses of the current fuel price setting mechanism received mixed reactions from the public. If anything, it highlights how the public hardly understands the modus operandi of the retail fuel industry, in particular the separate roles of the oil companies (the likes of Petronas, Shell, Petron and BHP) and the petrol dealerships.

Features of the Retail Fuel Industry

The oil companies own the bulk of the petrol stations and retail fuel assets in the country. They appoint dealerships (usually small enterprises or small companies) as contractors to operate the stations on their behalf.

The main features of the retail fuel industry are as follows:

1. The petrol dealerships are remunerated by way of fixed commissions on every litre of petrol and diesel they sell. The rates are currently 12 sen for petrol and 7 sen for diesel set by the government. Therefore, the monthly revenue depends mostly on the volume of fuel sold each month.

2. In order to get the stock of fuel to sell to the public, the petrol dealerships have to pay cash upfront to the oil companies. Depending on the size and location of the petrol stations, the amount each station has to fork out for each fuel stock purchase is in between RM100,000 to RM200,000. The frequency of fuel stock purchase also varies with the size and location of the petrol stations; some stations have to re-stock every 3 to 4 days, others can survive with weekly re-stocking.

3. The fuel stock management at each petrol station is decided entirely by the oil companies. The oil companies monitor the stock level at each station on daily basis and schedule stock deliveries accordingly in order to maintain a minimum stock level set by the government. Petrol dealerships cannot refuse a stock delivery decided by the oil companies.
4. On top of the upfront cash payment for the stock purchase, the dealership also pay fixed charges to oil companies in the form of rental, maintenance, credit card charge and other charges.

5. Petrol dealerships also have to bear other operating costs which include electricity, utilities and manpower cost.

Since the government has designed the retail fuel industry that way, a new problem arises with the implementation of the managed float system as petrol dealerships stand to incur losses each time there is a price revision. They have to sell at a cheaper price to consumers when the fuel stock was purchased at a higher price earlier on from the oil companies.

BN Does Not Want To Bring Down Fuel Prices Closer to Market Price

In a market scenario that anticipates crude oil prices to continue to plummet for the rest of the year, Malaysia has to wake up to the reality that more and more petrol dealerships will soon find it uneconomical to continue running the petrol stations. This has to be handled with proper in-depth planning to avoid a disruption to the supply of fuel to consumers.

Given the financial loss that petrol dealerships have to bear each time there is a downward fuel price revision, it is convenient for Barisan Nasional to use this excuse not to effect a more regular downward fuel price revision to bring our fuel prices more in line with the market prices. In fact, Barisan Nasional has been victimising petrol dealerships as a scapegoat to avoid a weekly downward fuel price revision because a monthly revision (as practised now) brings in almost a billion ringgit in hidden taxes a month.

The fact is consumers have been paying a much higher fuel price than the market price since 1 December 2014. We also have been paying hidden fuel tax since (though most people do not realise this in the euphoria of the plunging fuel prices).

For example, the latest market price for 6 January 2015 (based on price report by Platts and using government’s fuel price formulae) for RON95 is RM1.64 per litre. Unfortunately, because RON95 price is only set once a month, consumers end up paying a much higher price of RM1.91 per litre. Given that Brent crude oil price has hit below USD50 per barrel this week and may touch USD40 per barrel by the end of the month, the equivalent market price for RON95 is expected to come down to RM1.40 per litre by 31 January 2015. Unfortunately, consumers will continue to pay RM1.91 per litre with a hefty 50 sen per litre going to the government as hidden fuel tax by the end of the month.

It is in the best interest of Barisan Nasional not to revise the fuel price on weekly basis in order to keep collecting the hidden tax. For December 2014 alone, Barisan Nasional had collected an estimated RM633 million hidden petrol dan diesel tax. Based on the current market projection, Barisan Nasional will collect an even bigger hidden tax by the end of January 2015, which I estimate may reach RM700 million.

Therefore, Barisan Nasional will capitalise on public’s lack of understanding of the retail fuel industry (the rules of which they decide for themselves) to make the petrol dealership the convenient scapegoat in warding off any public pressure to effect a weekly downward fuel price revision. It is easy to convince the gullible public that such a weekly price revision will hurt the petrol dealership when the real motive is to collect hidden tax. If nothing is done, the public will pay the ultimate price yet again by being hoodwinked to fork out substantially to subsidise the government.

A Fair Fuel Price Setting Mechanism for All

I have been consistent in championing a reform of the retail fuel industry especially with respect to a fairer fuel price setting mechanism. I have expounded previously that a fairer fuel price setting mechanism will have to ensure that:

1. Petrol and diesel prices are revised on a weekly basis to ensure that the public pays the market price and benefits from the low crude oil price scenario

2. Hidden petrol and diesel tax collected is kept to the minimum level (by ensuring the retail price follows the market price as closely as possible). Any petrol and diesel tax collected due to a difference in retail and market prices cannot be spent except for the sole purpose of stabilising the petrol and diesel prices in the future. The tax collected so far must be put separately in a fund enacted by Parliament

3. A fixed subsidy of 30 sen per litre is given to the public to honour the principle that the hydrocarbon wealth of Malaysia is shared directly with the people. This will reduce petrol and diesel prices even further

4. Petrol dealership can continue to operate as an integral part of the retail fuel industry without being unfairly burdened with financial risk (as is the situation now)

By right, the responsibility to ensure there is an effective forward planning to cope with sudden changes to the fuel market (and the necessary adaptation of the industry rules set by the government) lies with the Finance Ministry and Domestic Trade, Cooperatives and Consumerism Ministry. Unfortunately, we live in a country where a minister’s silence has become a key criterion to keeping his job in the Cabinet so we have not heard any proactive solution to the current problem.

I have taken the liberty to engage the public and the industry with the hope of advocating a fairer fuel price setting mechanism for all. Therefore, I urge the relevant ministries, the oil companies, representatives of the petrol dealerships and consumers to convene an emergency roundtable discussion immediately to consider a complete overhaul of the retail fuel industry in Malaysia.

Move to Consignment Based Retail Fuel Industry

The key reason why petrol dealerships are currently susceptible to immediate financial loss each time a downward fuel price revision takes place is because they have to buy upfront the petrol and diesel stock as determined by the oil companies. This concept whereby petrol dealerships have to buy the wholesale fuel stock exposes them to a financial risk as they are forced to keep an expensive fuel stock in a volatile market environment.

In other countries (for example Australia), the government allows the retail fuel industry to operate on consignment stock basis (as opposed to Malaysia’s wholesale stock basis). This means the petrol dealerships do not have to fork out cash to buy the fuel stock as the stock belongs to the oil companies until it is sold to the consumers. In a way, the consignment stock basis reflects the fuel retail industry better because the petrol dealerships do not own the petrol stations and only collect commission on the volume sold on behalf of the oil companies.

If Malaysia moves to implement a consignment based policy, the key features of our retail fuel industry will be as follows:

1. A petrol dealership only acts as an agent who sell an oil company’s petrol and diesel. As an agent, it collects commission only and does not have to buy the stock

2. Any fuel price change will not adversely or positively affect the petrol dealerships financially because ownership of the fuel stock remains with the oil companies. The petrol dealerships are remunerated by way of a fixed commission based on the volume of sales

3. The oil companies only lose or profit financially from a change in fuel price once a year during an annual stock take. Even then, it is only a paper gain or loss as the stock holding is revalued based on the market price against the cost at which it was initially booked

The oil companies in Malaysia have had a strong financial footing all this while that they will not have any problem to change to a consignment stock if instructed by the government. For example, Petronas is estimated to rake in an operating profit of RM500 million from its petrol station operation for the financial year 2013 (based on information in Petronas Dagangan’s 2013 Annual Report).

With the implementation of a consignment based retail fuel industry, Barisan Nasional does not have any more excuses not to effect a weekly downward price revision. The existing excuse that a frequent fuel price change hurts the petrol dealerships will be invalid. When fuel prices are revised on a weekly basis, we should be paying around RM1.60 per litre for RON95 this week instead of the exorbitant RM1.91 per litre. Most importantly, the public does not have to subsidise the wasteful expenditure of Najib Razak’s administration through a hidden petrol and diesel tax that we have been paying since December 2014.

The ball is in Barisan Nasional’s court. I have no doubt most of them do not have a clue of the issue I explain here but the ministry officials and the industry leaders understand full well what I have proposed. I purposely speak of the plight of petrol dealerships first before putting forth my suggestion of the necessary overhaul because I expect some Barisan Nasional leaders to foolishly accuse me of flip flopping and championing the cause of the rich – so that I can prove today how little they understand the important economic issues that affect the public’s life every day.

It is imperative that the rules for retail fuel industry set by the Ministry of Domestic Trade, Cooperatives and Consumerism are changed immediately to implement a consignment based system. This will in turn allow for a weekly fuel price revision to be effected immediately.

The refusal to move to a consignment based system is a confirmation that Barisan Nasional intends to keep the petrol and diesel prices artificially higher than the actual market prices in order to collect the massive hidden tax.

RAFIZI RAMLI
Vice President & Secretary General of KEADILAN
Member of Parliament for Pandan

8 January 2015

Kenyataan media saya semalam menerangkan kelemahan sistem penetapan harga minyak yang digunapakai sejak 1 Disember 2014 telah mengundang pelbagai reaksi. Jelas bahawa sebahagian besar dari orang ramai tidak begitu memahami mekanisme dan operasi industri minyak runcit di negara ini terutamanya beza di antara syarikat minyak dan pengusaha stesen minyak.

Ciri-ciri Industri Minyak Runcit

Syarikat minyak (seperti Petronas, Shell, Petron dan BHP) memiliki sebahagian besar dari stesen minyak di negara ini. Mereka melantik pengusaha stesen minyak sebagai kontraktor untuk mengendalikan operasi stesen minyak yang dimiliki mereka.

Ciri-ciri operasi industri minyak runcit antaranya adalah seperti berikut:

1. Pengusaha stesen minyak dibayar komisen tetap iaitu 12 sen setiap liter bagi petrol dan 7 sen setiap liter bagi diesel. Oleh itu, perolehan kasar pengusaha stesen minyak bergantung kepada berapa banyak petrol dan diesel dijual setiap bulan

2. Pengusaha stesen minyak perlu membayar tunai setiap pembelian stok petrol dan diesel dari syarikat minyak. Bergantung kepada saiz stesen minyak, jumlah pembayaran tunai ini adalah diantara RM100,000 hingga RM200,000 secara purata bagi setiap pembelian. Selalunya, pengusaha stesen minyak membeli stok petrol dan diesel setiap beberapa hari atau seminggu sekali (bergantung kepada saiz stesen minyak)

3. Penghantaran dan pembelian stok petrol dan diesel ditentukan oleh syarikat minyak. Pengusaha stesen minyak tidak ada hak untuk menolak penghantaran stok. Jadual penghantaran stok petrol dan diesel dikawal oleh syarikat minyak

4. Pengusaha stesen minyak perlu membayar sewa dan bayaran-bayaran lain kepada syarikat minyak

5. Pengusaha stesen minyak perlu menanggung kos operasi lain seperti eletrik dan gaji pekerja

Oleh kerana ciri-ciri industri minyak runcit ditetapkan oleh kerajaan sedemikian rupa, ini menyebabkan pengusaha stesen minyak berdepan dengan kerugian setiap kali harga baru diumumkan lebih rendah kerana mereka terpaksa membeli stok petrol dan diesel yang dihantar lebih awal oleh syarikat minyak.

Alasan BN Tidak Mahu Menurunkan Harga Minyak Lebih Kerap

Dalam keadaan pasaran minyak mentah dijangka akan terus merudum, Malaysia berhadapan dengan risiko pengusaha stesen minyak terpaksa gulung tikar dalam tempoh beberapa bulan akan datang jika tidak ditangani dengan baik. Jika ini berlaku, rakyat juga akan menjadi mangsa kerana kekurangan bekalan petrol dan diesel.

Alasan bahawa penurunan harga minyak yang lebih kerap akan merugikan pengusaha stesen minyak kini digunakan oleh Barisan Nasional untuk tidak menyelaraskan harga petrol dan diesel setiap minggu. Penyelarasan harga yang berlaku sebulan sekali benar-benar merugikan rakyat kerana terpaksa terus membayar harga petrol dan diesel yang lebih tinggi sedangkan harga sebenar di pasaran terus jatuh mendadak.

Misalnya, harga pasaran terkini yang dilaporkan pada 6 Januari 2015 (mengikut laporan harga oleh Platts dan menggunakan formula kerajaan) bagi RON95 adalah RM1.64 seliter sedangkan rakyat membayar RM1.91 seliter. Dalam keadaan harga minyak mentah telah jatuh di bawah USD50 setong minggu ini dan dijangka mencecah USD40 setong menjelang akhir Januari 2015, ini bermakna harga RON95 berkemungkinan jatuh setiap hari hingga mencecah RM1.40 seliter menjelang akhir Januari 2015 tetapi rakyat akan terus membayar RM1.91 seliter sepanjang bulan ini.

Barisan Nasional sudah tentu tidak mahu menurunkan harga petrol dan diesel setiap minggu kerana kerajaan persekutuan mengutip cukai bagi setiap liter petrol dan diesel yang dibeli. Bagi tempoh Disember 2014 sahaja, Barisan Nasional telah mengutip sebanyak RM633 juta cukai petrol dan diesel. Berdasarkan pola harga pasaran terkini, Barisan Nasional akan mengutip jumlah cukai petrol dan diesel yang lebih besar (saya anggarkan mencecah RM700 juta) bagi Januari 2015.

Oleh yang demikian, Barisan Nasional akan terus mengkambing hitamkan pengusaha stesen minyak dengan menggunakan alasan harga minyak tidak dapat diturunkan setiap minggu untuk menjaga keuntungan pengusaha stesen minyak – sedangkan motif utama adalah mengutip cukai dari rakyat.

Sistem Penetapan Harga Minyak Yang Adil Kepada Semua Pihak

Saya nekad untuk terus berkempen memastikan:

1. Harga petrol dan diesel diselaraskan dan diturunkan setiap minggu agar harga terus turun mengikut harga pasaran

2. Cukai petrol dan diesel yang dikutip adalah minima dan sebarang kutipan cukai hasil dari perbezaan harga pasaran dan harga yang ditetapkan tidak boleh dibelanjakan kecuali untuk menstabilkan harga minyak di masa akan datang

3. Subsidi tetap 30 sen seliter petrol dan diesel diwujudkan kembali untuk menurunkan lagi harga petrol dan diesel

4. Kelangsungan bekalan petrol dan diesel kepada rakyat dengan memastikan pengusaha stesen minyak boleh terus beroperasi

Sepatutnya, tugas merancang lebih awal (forward planning) bagi memastikan sistem penetapan harga minyak adalah adil kepada semua perlulah dijalankan dengan berkesan oleh Kementerian Kewangan dan Kementerian Perdagangan Dalam Negeri dan Kepenggunaan. Malangnya, sehingga kini tidak ada satu cadangan pun yang datang dari menteri-menteri terbabit untuk memenuhi keempat-empat matlamat di atas.

Oleh yang demikian, saya mengambil inisiatif untuk menyeru kerajaan persekutuan, syarikat minyak dan pengusaha stesen minyak menambahbaik sepenuhnya amalan industri runcit minyak bagi membolehkan harga diturunkan setiap minggu tanpa mengakibatkan kerugian kepada pengusaha stesen minyak.

Industri Minyak Runcit Berasaskan Stok Konsainan (“Consignment”)

Salah satu punca utama yang menyebabkan penurunan harga petrol dan diesel boleh mengakibatkan kerugian kepada pengusaha stesen minyak adalah kerana syarikat minyak menjual stok petrol dan diesel secara pukal kepada pengusaha stesen minyak. Pembayaran tunai bagi stok pukal ini menyebabkan pengusaha stesen minyak memegang stok petrol dan diesel yang besar pada satu-satu masa dan terdedah kepada risiko kewangan.

Di negara-negara lain, kerajaan mereka menetapkan bahawa industri minyak runcit adalah berasaskan stok konsainan (“consignment stock”). Ini bermakna pengusaha stesen minyak tidak perlu membeli terlebih dahulu stok secara pukal kerana stok petrol dan diesel yang disimpan di stesen minyak adalah milik syarikat minyak sehinggalah dijual kepada pengguna.

Ciri-ciri industri minyak runcit berasaskan stok konsainan adalah seperti berikut:

1. Pengusaha stesen minyak bertindak sebagai ejen yang menjual stok petrol dan diesel yang dimiliki oleh syarikat minyak. Pengusaha stesen minyak tidak perlu membayar jumlah yang besar untuk mendapatkan stok

2. Sebarang perubahan harga petrol dan diesel tidak mempunyai kesan kewangan kepada pengusaha stesen minyak yang hanya bertindak sebagai ejen dan dibayar melalui komisen yang ditetapkan

3. Syarikat minyak hanya berdepan dengan risiko untung atau rugi akibat dari perubahan harga petrol dan diesel SEKALI SETAHUN sahaja semasa penilaian stok dibuat di hujung tahun kewangan. Itu pun sebarang kerugian hanyalah kerugian atas kertas kerana stok itu terus kekal milik syarikat minyak selagi tidak dijual kepada pengguna

Kedudukan kewangan syarikat minyak yang kukuh dan telah mengaut keuntungan besar selama ini membolehkan syarikat-syarikat minyak seperti Petronas, Shell, Petron dan BHP melaksanakannya tanpa risiko kewangan yang berat. Contohnya, bagi tahun kewangan berakhir 31 Disember 2013, anggaran keuntungan kasar Petronas (melalui anak syarikatnya Petronas Dagangan Berhad) dari penjualan petrol dan diesel kepada orang ramai adalah RM500 juta setahun (rujuk Laporan Tahunan Petronas Dagangan 2013).

Dengan pelaksanaan sistem stok konsainan ini, alasan bahawa harga tidak boleh diselaraskan setiap minggu tidak untuk menjaga keuntungan pengusaha stesen minyak tidak boleh dipakai lagi. Harga petrol dan diesel yang diselaraskan setiap minggu akan menyaksikan harga petrol dan diesel jatuh seperti mana harga pasaran. Barisan Nasional juga tidak lagi boleh mengutip cukai petrol dan diesel berbilion ringgit dari rakyat seperti mana yang telah dan akan berlaku selepas ini.

Saya menuntut supaya Kementerian Perdagangan Dalam Negeri dan Kepenggunaan yang bertanggungjawab menetapkan peraturan industri minyak runcit dengan segera memanggil syarikat minyak dan wakil-wakil pengusaha stesen minyak untuk melaksanakan sistem stok konsainan ini.

Keengganan Barisan Nasional menukar peraturan industri minyak runcit yang berada di dalam kawalan mereka bermakna Barisan Nasional berniat untuk mengekalkan harga minyak pada kadar yang lebih tinggi dari harga pasaran untuk mengutip cukai petrol dan diesel.

RAFIZI RAMLI
Naib Presiden/Setiausaha Agung KEADILAN
Ahli Parlimen Pandan

8 Januari 2015