It has been announced that the retail price of RON 97 petrol will cost RM2.80 from tomorrow, June 7. This is a 10 sen drop from the previous RM2.90.
Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the price drop was line with the dip in average global crude oil prices in May.
Unlike the regulated and subsidised RM1.90 per litre RON 95, which most cars can use without issues, the RON 97 price is fixed based on a managed float whereby the monthly price was determined according to market forces.
Some high compression ratio naturally aspirated engines in cars like the Honda Civic Type R and Suzuki Swift Sport require RON 97 fuel.
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AI-generated Summary ✨
Comments focus on the discrepancy between the announced reduction in RON97 fuel price and the higher price of RON95 without subsidy, with many accusing the government of misleading the public. Several users criticize the minimal 10-cent decrease as insignificant and question the transparency of subsidy and tax components. There are discussions on the actual costs of oil production, global oil prices, and the perceived unfairness of subsidies favoring wealthier car owners. Some comments blame political tactics surrounding elections for the timing of the price reduction, while others express frustration over continued high prices, especially for subsidized RON95. Overall, the sentiments reveal disappointment, skepticism about government motives, and a call for more transparent and fair fuel pricing.