Ron 95 rm1.91, Diesel rm1.93, Ron 97 rm2.11..Mulai 1/1/2015. Minyak turun lagi. Bila pula peniaga nak turunkan harga barang? Rakyat menunggu
— Ahmad Maslan (@ahmadmaslan) December 31, 2014
Deputy finance minister Datuk Ahmad Maslan has tweeted that come tomorrow (January 1, 2015), RON 95 petrol will be priced at RM1.91 a litre (-35 sen), RON 97 petrol at RM2.11 a litre (-35 sen) and diesel at RM1.93 a litre (-30 sen).
The price drops follow the current downtrend in global crude oil prices. Brent, for instance, has fallen over the past month by almost US$20 (RM70) to comfortably below US$60 (RM210) a barrel – a five-year low.
Subsidies for RON 95 petrol and diesel were discontinued exactly a month ago, and according to the Domestic Trade, Cooperatives and Consumerism ministry (KPDNKK), their prices are, like RON 97 petrol, now derived based on a managed float system, and will be reviewed monthly.
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AI-generated Summary ✨
Many comments expressed frustration over the delayed and limited reduction in fuel prices despite the global decline in oil prices, criticizing the government and petrol station operators for not passing on the savings fully. Some users highlighted that the reduction was due to fluctuating global oil prices and not government effort, questioning the transparency of the pricing formula. Several comments also linked fuel prices to the rising cost of goods and overall inflation, emphasizing that the lower fuel prices should lead to lower prices for products, which has not yet happened. There was also skepticism about the government’s commitment, with some sarcastically questioning whether prices will stay low or rise again soon. Overall, sentiments ranged from disappointment and distrust to hopes for fairer pricing and better consumer benefits.