Social media websites have been on fire today with rumours of a fuel price hike that’s supposed to happen tonight. A 10 sen hike for RON 95 and a 15 sen hike for RON 97 are the numbers being bandied about, but this has turned out to be not true. Deputy finance minister Datuk Ahmad Maslan has denied this on Twitter, so this should put the matter to a rest.

It’s not the first time the rumour mill has come about this year. On May, it was rumoured that the price of RON 95 and market float RON 97 was to be increased, reportedly by 80 sen for RON 97 (to RM3.70) and 40 sen for RON 95 (to RM2.30), which was proved to be untrue.

The last time fuel prices were hiked in Malaysia was on September 4, 2013, where RON 97 was raised by 15 sen to RM2.85 per litre. The last time the price of RON 95 was hiked was on September 2, where it along with diesel went up by 20 sen to RM2.10 per litre for RON95 and RM2.00 per litre for diesel.

However this just means it won’t happen tonight – it doesn’t discount the possibility of a hike in the near future. His subsequent tweets seems to prepare us for this.