The government has announced that from tomorrow (December 1), the price of RON 95 petrol will drop four sen to RM2.26 a litre, the price of RON 97 petrol will drop nine sen to RM2.46 a litre, while the price of diesel will rise three sen to RM2.23 a litre. Euro 5 diesel which is currently available in Johor has gone up by three sen as well, now retailing at RM2.33 per litre.
The price changes follow the Domestic Trade, Cooperatives and Consumerism (KPDNKK) ministry’s announcement about two weeks ago that subsidies for RON 95 petrol and diesel would be no more from December 1, and that their prices would, like RON 97 petrol, be derived based on a managed float system.
Globally, the price of crude oil – which now directly affects RON 95 petrol and diesel prices in Malaysia – is currently at its lowest point since August 2010, hovering around US$70 (RM237) a barrel. If this keeps up, we could see more price drops in the months to come.
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AI-generated Summary ✨
Comments express skepticism and frustration over the small 4 sen decrease in petrol prices, feeling it’s a mere token gesture amid rising living costs and taxes like sales tax. Many debate the government’s transparency in pricing formulas and criticize the minimal discount compared to previous hikes. Some joke about alternative fuel and express concern over ongoing inflation, environmental issues, and unfulfilled promises on car prices and subsidies. The overall sentiment is dismissive and critical, viewing the change as insufficient and politically motivated.