Well, according to a report, the pump price for RON97 petrol is to be hiked by 20 sen a litre effective midnight, bringing it back to the RM2.70 per litre mark.
This makes it the fourth increase in four months for RON97, which has its price determined by a market float, with the jump to RM2.30 on December 1 last year followed by a 10 sen increase to RM2.40 per litre on January 5 and another 10 sen to RM2.50 on February 1.
The report in The Malaysian Insider quotes that an industry source said that the confirmation notice was sent out this evening about the 20 sen rise. No surprise with the hike happening, given that the price of crude oil has rocketed of late.
Update: It’s confirmed that the pricing of RON95 will remain unchanged at RM1.90 per litre – RON95 and diesel were last hiked on December 4 last year.
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AI-generated Summary ✨
Comments reflect concerns over the recent 20 sen increase in RON97 petrol price to RM2.70 per liter, with many questioning the government's motives, especially around election times. Several comments criticize the increase as a strategy to indirectly support RON95 subsidization, suggesting it’s part of political manipulation, and some expect further hikes after Sarawak elections or the general election. Others discuss the impact on car owners, especially owners of cars that require RON97, and highlight the broader economic issues like rising costs, public transport inadequacies, and national resource management. Many responses are humorous, sarcastic, or critical of government policies and protectionism. Overall, sentiments reveal frustration, distrust, and a call for better living standards, transparency, and sustainable resource management.