The Domestic Trade, Cooperatives and Consumerism ministry (KPDNKK) has announced that come tomorrow (February 1, 2015), RON 95 petrol will be priced at RM1.70 a litre (-21 sen), RON 97 petrol at RM2.00 a litre (-11 sen) and diesel at RM1.70 a litre (-23 sen).
RON 95 and diesel are now similarly priced. The price drops follow the current downtrend in global crude oil prices, with Brent currently hovering around the US$50 (RM182) per barrel mark.
Subsidies for RON 95 petrol and diesel were discontinued exactly two months ago, and according to KPDNKK, their prices are, like RON 97 petrol, now derived based on a managed float system, and will be reviewed monthly.
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AI-generated Summary ✨
Comments mainly express gratitude for the recent fuel price reduction, noting it's the lowest in years, but some criticize the small decrease compared to global oil prices. Many point out transparency issues in how fuel prices are set and accuse the government of not passing full savings to consumers. Several comments bring in broader economic concerns, like currency weakness, high car and living costs, and wish for even lower fuel prices or free fuel. Off-topic discussions about politics, education, and other sectors are common but filtered out. Overall, sentiments are mixed, with appreciation for lower prices but frustration over perceived lack of transparency and high living costs.