The retail price of RON 97 petrol is now RM2.70 per litre, with the 20 sen drop from the existing RM2.90 per litre coming about yesterday.
The pump price of RON 97 was last revised on March 6 this year, when it was increased by 20 sen from the RM2.70 per litre previously. Rumours abounded about a potential increase a few days after GE13, but a check at the pump in the wee hours of the morning revealed that everything was status quo.
No change whatsoever to RON 95 petrol and diesel prices, which is subsidised by a government allowance. 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 mostly express frustration over fuel pricing practices, noting that while RON97 price decreased by 20 sen, many believe the government previously increased it by the same amount before elections to appear considerate. Several commenters highlight that the reduction mainly benefits the wealthy, such as owners of luxury cars, rather than everyday Malaysians using RON95. There is a sentiment of distrust towards the government, accusing it of manipulating fuel prices for political gain and questioning the lack of reductions on RON95. Some comments dismiss the news as insignificant or accuse the government of inconsistent pricing strategies, with many feeling that the fuel price fluctuations are primarily for show and do not truly benefit the majority.