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 ✨
Comments express mixed reactions to the petrol price drop, with some highlighting Malaysia's status as a net oil importer and questioning the accuracy of subsidy and cost calculations. Several commenters suggest that government subsidies are still present or have been misrepresented, and some debate the benefits of using RON97 versus RON95. There is frustration over perceived government inconsistency and profiteering, but also gratitude for the price reduction, with some urging the government to further lower RON95 prices. Overall, sentiments show skepticism, dissatisfaction, and some approval regarding fuel pricing policies.