The government has reduced the price of fuel in Malaysia by RM0.10 per litre across the board for all three types of fuel.
Minister of Domestic Trade and Consumer Affairs Datuk Shahrir Samad said the government could only manage a RM0.10 reduction because although crude oil prices have dropped, the ringgit has depreciated against the US dollar.
He added that according to calculations the government could only reduce prices by RM0.07 sen but decided to increase subsidy by another RM0.03 sen to make it a total of a RM0.10 price reduction. It would be interesting to see how this is calculated.
The following are the new prices for petrol and diesel in Malaysia, effective tomorrow:
| Fuel | Old Price | Reduction | New Price |
| RON97 | RM2.55 | RM0.10 | RM2.45 |
| RON92 | RM2.40 | RM0.10 | RM2.30 |
| Diesel | RM2.50 | RM0.10 | RM2.40 |
This means that for a full tank of 50 litres, you get to save RM5 per fuel tank or between RM20 to RM30 depending on whether you fill up between 4 to 6 times a month. I hope this means something to those that are needy out there, but as for me I do not feel like I will be saving much. Selamat Hari Raya!
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AI-generated Summary ✨
Comments on the petrol and diesel price reduction generally express disappointment that the decrease is only 10 sen, with many feeling it is too little and not reflective of the falling global oil prices. Some comments highlight frustration with lack of transparency in government calculations and decision-making, and perceive the reduction as insufficient to truly alleviate costs or influence prices of goods. Others point out the overall economic context, including political instability and currency depreciation, which complicate price efforts. There are also opinions that suggest seeking future solutions or improvements rather than just complaining, with some sarcastically thanking the government for the small reduction. Overall, the sentiment is that the 10 sen cut is appreciated but deemed inadequate, with widespread desire for a more substantial decrease.