The retail price of RON 97 petrol will be RM2.90 per litre effective tomorrow, March 7. This is a 20 sen increase from the existing RM2.70 per litre.
The pump price of RON 97 was last revised on January 10 this year, when it was reduced by five sen from the RM2.75 per litre previously. Meanwhile, RON 95 petrol and diesel prices, subsidised by a government allowance, will remain unchanged.
Unlike the regulated and subsidised RM1.90 per litre RON 95, the pricing of RON 97 works on a managed float, with pricing determined according to market forces.
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AI-generated Summary ✨
Comments express frustration over retrenching and inflation, criticizing the government for not providing better environmental standards and lack of transparency in fuel pricing. Many highlight that Malaysia still uses outdated fuel standards like Euro 2M, while other countries are using Euro 4 and above without subsidies, leading to environmental concerns. The rise in RON97 from RM2.70 to RM2.90 is seen as unfair, especially for older cars needing higher octane fuel. Several criticize the limited availability of RON97 and question why subsidized fuel targets lower grades, implying a lack of foresight. Some draw comparisons with UK and US, emphasizing the importance of government accountability and better quality of life, and suggest that fuel price hikes disproportionately burden the middle and low-income groups. Overall, the sentiment is one of disappointment, anger, and calls for systemic change.