It’s Friday, and following the news of the MCO extension to April 28 comes the usual weekly fuel price update. The cheer continues for motorists, but the irony surely cannot be lost on all, because while it’s cheap and out there, you won’t drive enough to enjoy it.
The ministry of finance has announced that the price of all retail fuels has dropped again for the coming April 11 to 17 week. The price of Euro 4M RON 95 petrol has dropped by five sen to RM1.25 per litre (from RM1.30 per litre last week), while RON 97 also gets an five sen reduction to RM1.55 per litre (from RM1.60 last week).
As for Euro 2M diesel, that has dropped by 12 sen to RM1.46 per litre (previously, RM1.58). This means that Euro 5 diesel, which costs 10 sen more than Euro 2M diesel, will be priced at RM1.56 per litre.
The continued price slide is a result of global crude oil prices having fallen due to an “oil war” among oil-producing countries, which resulted int the barrel price dropping below US$20 at one point earlier this month.
Fuel prices are expected to remain in this region for a while, given the lack of fuel consumption globally as a result of the Covid-19 outbreak, which has grounded aviation and limited the movement of surface travel and vehicular use in many places – case in point, the MCO.
The prices remain effective until April 17, when the next fuel price update is announced. This is the 14th edition of the weekly fuel pricing format for the year and the 66th edition in total for the format, which runs from Saturday until the following Friday.
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You get what you want.
Petrol station owners should close during MCO,
Thanks to Perihatin Nation! You rock dudes and gals!
Fuel is too cheap until my neighbor has 7 family members each drives their car out together just to go get takeaway food and beverage.
Someone was complaining about large families, now we see such a huge advantage for them. I wonder where is he now?
MOPS for this week is higher than last week… Wonder what’s the rationale for the drop? Furthermore, rakyat is not able to enjoy also in view of MCO
TQ kerajaan prihatin.. Masa susah, minyak murah.
Syukur x1000. Malaysia’s petrol is now very cheap. Abang abang surely be fantasizing about the same price during Raya holidays.
Surely terlajak laris!
Count these blessings, unexpected like COVID-19 since expected economic “pain” will definitely follow after.
Fuel prices are low now. We should consider scrapping Euro 2M diesel and have only Euro 5 diesel instead. The MCO has been good for our environment so far. So lets hope that the environment does not get back to its old dirty self when the MCO is lifted. Euro 5 diesel may help a little.
Even if petrol is Rm1/litre now,with mco also cannot drive far except for groceries.
kesian the PDAM dealers…high overheads and losses each time petrol dip. The only untong business is face masks and sanitisers and gloves.PDAM memebers should have gone into the sure untong business before covid exploded.
Do anyone remember in 1998 a new Iswara Aeroback is only RM10k? All along KESAS in front of the COSE, a long line of new Protons were parked there? The history repeat itself at a bigger magnitude. Good luck salespersons.
Nope.. it did not cost RM10k at that time.. I bought one kosong version in mid ’98 which cost about RM29k, with close to 10% interest rate.
Nice to have lower price adjustment based on global price. Another thing new government can consider for long term benefit of the country is CAR PRICE. Why so much tax on cars? If car price is high, more ugly cheap cars on the road which memberi imej bahawa Malaysia ni negara miskin seperti indonesia. Rich country are smart to make car price cheap as when there is more good cars on the road, that will boost country’s image and investors confident. Simple logic. All poor country have one thing in common, high car tax
Car prices already fixed by PH NAP2020 before new govt came into power, so they can’t do anything unless they abrogate the policy and turn the whole industry upsidedown, something nobody would want in these uncertain times. We just have to live with the mistakes of the previous govt.
Car owners are not the majority, many especially NOW, are thinking about retrenchment, jobs, bills and rising grocery prices not high car prices, Mr Ghani.