Those who think that their fuel tank refills will cost less by RM0.05 per litre because they’ve switched to RON95 as their regular fuel have to wipe their smile off their faces – the government has announced that RON95 will be priced at the old RON97 price of RM1.80 per litre from midnight onwards.
As for RON97, we already know that a price hike is imminent – it will be priced at RM2.05 per litre. RON92 has been phased out. No news about Shell V-Power for now, as it is it’s been removed from a significant amount of stations. They are probably still trying to figure out the sweet spot for pricing and planning the logistics for supply to stations.
This is expected really, considering crude oil per barrel closed US$72.75 a barrel on Friday, which is up 20% from around US$60 in July. There are various factors for this but the most quoted reasons are an improving global economy and a declining US dollar – the lower USD’s values are, the more USD you will have to pay per barrel.
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AI-generated Summary ✨
Comments express frustration and skepticism over the fuel price hike from RM1.75 to RM1.80, with many feeling they were misled by the government’s promises of cheaper RON95. Several criticize the government for hypocrisy, suggesting they manipulate prices to benefit cronies and fail to improve public transportation. Many compare Malaysia’s fuel and car prices unfavorably to other countries like Australia and the UK, citing lower purchasing power and higher taxes here. There’s widespread dissatisfaction, accusations of dishonesty, and a call for political change, with some mention of exercising votes against the current government. Discussions also include personal experiences with fuel brands, engine performance, and the need for better fuel alternatives and public transport. Overall, sentiments are negative, emphasizing disillusionment with government policies and economic management.