RON97 GST receipt

UPDATE: This story has been revised as of 1.30 am, April 1.

The Domestic Trade, Cooperatives and Consumerism ministry (KPDNKK) has announced that fuel prices will remain the same for April 2015 – RON 95 petrol will continue to be priced at RM1.95 a litre, RON 97 petrol at RM2.25 a litre and diesel at RM1.95 a litre. However, a KPDNKK spokesperson told Bernama that RON 97 petrol will be subject to the 6% Goods and Services Tax (GST) from April 1.

We decided to check on just how GST would be incorporated into the selling price of RON 97, heading out to fill up so we could get our hands on a receipt, which would show the mechanism of the tax within the RON 97 pricing structure.

We had initially reported that the inclusion of GST would effectively raise the price of RON 97 to RM2.385 a litre. It turns out that this isn’t the case – RON 97 essentially remains unchanged in price at RM2.25 per litre, and this is with GST included in the per litre retail price.

As shown in the receipt of our example fill, we pumped 16.448 litres of RON 97, amounting to RM37. The amount of 6% GST is listed in the receipt, but does not add to pricing per se (the particular receipt looks confusing because it was a ‘full tank’ fill off a RM100 deposit). Which means that however manner you choose to fill up (by litre or a set amount), RON 97 will always be priced at its retail point, GST inclusive.

Thanks to reader Jean, whose comment prompted us to verify the GST structure in RON 97 petrol.