The Domestic Trade, Cooperatives and Consumerism ministry (KPDNKK) has announced that come tomorrow (March 1, 2015), RON 95 petrol will be priced at RM1.95 a litre (+25 sen), RON 97 petrol at RM2.25 a litre (+25 sen) and diesel at RM1.95 a litre (+25 sen).
As in February, RON 95 and diesel are similarly priced. The price jumps follow the sharp uptrend in global crude oil prices, with Brent currently in the US$60 (RM217) per barrel ballpark, from a US$50 (RM181) low in January. This is the first monthly gain for Brent since June 2014, and the greatest monthly percentage rise since May 2009.
Subsidies for RON 95 petrol and diesel were discontinued exactly three months ago, and according to KPDNKK, their prices are, like RON 97 petrol, derived based on a managed float system, and will be reviewed monthly.
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AI-generated Summary ✨
Comments express frustration over petrol price increases, criticizing government and corruption while defending existing benefits and blaming political opponents. Many highlight the impact of rising fuel costs on goods and living expenses, question transparency in pricing formulas, and compare Malaysia's petrol costs unfavorably with other countries. Some discuss environmental and health issues caused by dirty fuel and air pollution, emphasizing government negligence. Overall sentiment is negative, featuring accusations, suspicion, and dissatisfaction with government policies and practices.