Well, turns out the fuel price hike rumour was fake after all – the price of RON 95 will not see a 15 sen hike for February 2017. Instead, it will go up by 20 sen. That’s right, confirmed fuel prices have been announced, and they’re even higher than expected.
For the month of February 2017, RON 95 will be priced at RM2.30 per litre (up 20 sen compared to January 2017), RON 97 at RM2.60 per litre (up 20 sen), diesel at RM2.15 per litre (up 10 sen) and Euro 5 diesel at RM2.25 per litre (up 10 sen). Meanwhile, the unregulated Petron RON 100 will be priced at RM3.05 per litre (up 10 sen).
Just to put it all into perspective, RON 95 was priced as low as RM1.70 per litre as recently as September 2016. That’s a massive 60 sen jump in just five months.
Well anyway, Happy Chinese New Year, everyone.
Looking to sell your car? Sell it with Carro.
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AI-generated Summary ✨
The comments express frustration over the increase in fuel prices, highlighting the broader economic impact with ripple effects on goods, services, and household expenses. Many criticize government policies, accusing officials of mismanagement, corruption, and prioritizing spending while the rakyat bears the burden of rising costs. Some point out that the actual increase in fuel prices is larger than reported due to cumulative effects, and question the transparency of pricing formulas. There is concern about the weak ringgit and how it affects oil costs in global currency exchange. A few commenters suggest alternative transportation methods, such as public transit or hybrid cars, to cope with increased fuel prices. Overall, sentiments lean towards dissatisfaction with current economic policies and governmental handling of fuel price hikes.