Fuel_Wallet_GaugeSometime yesterday night, rumours began circulating through the social media channel as well as through phone messages about an impending fuel price hike at the pump, beginning from 12am today.

Word was that the pricing of both market float RON 97 (RM2.90 per litre) and regulated RON 95 (RM1.90 per litre) was to be increased, reportedly by 80 sen for RON 97 (to RM3.70) and 40 sen for RON 95 (to RM2.30).

With no confirmation forthcoming and the murmurs getting louder, I decided to go out after midnight to find out for myself – I’ve just come back from visiting two gas stations nearby, and can confirm that there is NO price increase to either RON 95 or RON 97 petrol, which means it’s still RM1.90 and RM2.70 per litre respectively. I even topped up the ride with RON 97 to verify things with a purchase, and snapped some pix of the per litre pricing while at it.

petrol pricing pump May 9

The last time a price adjustment was made was on March 7, with RON 97 – which works on a managed float, with pricing determined according to market forces – having its retail price increased by 20 sen to RM2.90 per litre.

RON 97 petrol May 9

Meanwhile, both RON 95 petrol and diesel, which is subsidised by a government allowance, have remained unchanged for a good while. It would seem that nothing is beyond rumour-mongering in this current climate, even the price of petrol. Or rather, especially the price of petrol. In any case, attempting to raise prices by such a substantial jump at this juncture would be quite a silly thing to do.