The retail price of RON 97 petrol will be RM2.90 per litre effective tomorrow, March 7. This is a 20 sen increase from the existing RM2.70 per litre.
The pump price of RON 97 was last revised on January 10 this year, when it was reduced by five sen from the RM2.75 per litre previously. Meanwhile, RON 95 petrol and diesel prices, subsidised by a government allowance, will remain unchanged.
Unlike the regulated and subsidised RM1.90 per litre RON 95, the pricing of RON 97 works on a managed float, with pricing determined according to market forces.
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AI-generated Summary ✨
Comments mostly express frustration and concern over the recent 20 sen increase in RON97 petrol, citing issues like environmental standards, the justified need for subsidies, and the negative impact on middle and lower-income groups. Many justify the price hike as a natural consequence of dwindling oil reserves, global prices, and inflation. Others criticize government policies, the lack of transparency, and suggest switching to diesel or hybrid vehicles. There’s also commentary comparing Malaysia's fuel pricing with abroad and a call for better governance and democratic action.