There will be some massive changes to the grade and price of fuel we buy at the pumps in Malaysia this year. First up is the previously announced phasing out of RON92 fuel for a new RON95 fuel grade, which will be subsidised as the government assumes this is the grade that is suitable for the majority of users in Malaysia.
The second major change is a switch to a floating system for RON97 petrol according to international oil prices from July 2009 onwards. It was not indicated whether this would be a daily, weekly, twice a month or monthly float. Since prices are now determined twice a month perhaps it may change to a more frequent weekly float. RON97 is considered by the government to be a “premium fuel’ and thus will not be subsidised. Petrol retailers also told Business Times that not only will RON97 not enjoy subsidies, it might even be taxed!
Lastly, diesel in Malaysia will be upgraded from current MS123 standards to Euro 2M standards.
Related Posts:
Cheaper RON95 fuel to be introduced mid-2009
APM: How fuel prices are calculated in Malaysia
Malaysian diesel to be Euro 2M grade in 2009
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AI-generated Summary ✨
Comments express frustration over the government's plan to float RON97 petrol prices, with many feeling it will lead to higher costs and unfair taxation, despite the country's oil export status. Several commenters highlight the heavy tax burden on Malaysians, including multiple layers like road tax and import duties, questioning the fairness of taxing petrol even though Malaysia produces it. Some argue that Petronas profits do not justify high fuel prices and that the government prioritizes revenue over consumer benefits. There is skepticism about the effectiveness of floating prices, fearing they will become unpredictable with added taxes, and concern that it favors wealthy car owners and premium fuels, leaving average consumers underserved. Overall, sentiments are negative, criticizing how policies seem to benefit the government and big corporations while affecting ordinary Malaysians.