The price of RON 97 petrol has dropped 20 sen to RM2.55 per litre at the stroke of midnight on November 19. The last price change for the premium fuel happened in early September, when the price was cut by 10 sen to RM2.75 per litre.
Prices of RON 95 petrol and diesel remain at RM2.30 per litre and RM2.20 per litre respectively. Unlike these two fuels, the pricing of RON 97 is minimally subsidised and claimed to be derived by market forces, so price changes happen more often.
This is the cheapest RON 97 petrol has been in a long time – it cost RM2.60 per litre in July 2012. At RM2.55 per litre, it’s only 12 sen more expensive than RON 95’s unsubsidised price of RM2.43 per litre, according to the subsidy notices that’s found on every pump.
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AI-generated Summary ✨
Many comments discuss the recent drop in RON97 petrol prices, with some expressing satisfaction and others questioning the government's subsidy policies. Several commenters highlight that Malaysia is now a net oil importer and point out that Indonesian fuel prices are higher despite their larger geographical and distribution costs. There is a consensus that RON95 may still be sold below its true cost, and some argue for reducing RON95 prices to ease consumer burden. Concerns about government transparency and the true subsidy levels are prevalent, with some critics accusing the government of misleading the public about fuel prices and subsidies. Overall, the sentiments vary from appreciation to skepticism, with a common call for fair pricing and more transparent government actions.