The continually falling prices of crude oil have seen UK fuel prices drop below one pound per litre. The new 99 pence (RM6.50) price tabled by Morrisons supermarket has become the lowest recorded price in the UK since 2009.
Likewise, Asda, another supermarket chain, has also announced that it will be offering a special 97 pence (RM6.35) per litre promotional price over the coming weekend. It’s important to remember that unlike Malaysia, petrol and diesel prices in the UK (Europe and US too) aren’t standardised on a monthly basis by the government. It is normal to encounter different fuel prices daily, and from one station to the next.
As mentioned, the low fuel prices at UK pumps is attributed to the continually falling prices of crude oil. The assessment is made based on the current Brent Crude oil listing of USD$40 (RM173) per barrel. The index is used as a benchmark for fuel prices around the world.
However, the gradual decline of fuel prices in the UK doesn’t come as much of a surprise. In November, the country marked a low average of 1.05 pounds (RM6.90) per litre at the pumps. Still, the drop in prices isn’t as rapid as it is in Europe, where countries like Spain sell petrol from as low as 83.5 pence (RM5.45).
In Malaysia, our petrol and diesel prices are also based on a market float, with new rates only implemented on the first of every month, and standardised across all stations. These rates are also based on global crude oil trends. Currently, Malaysians pay RM1.95 per litre for RON 95, RM2.45 per litre for RON 97, RM1.90 per litre for diesel and RM2.00 per litre for Euro 5 diesel.
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Even UK drop fuel price until 0.20 cents there, Encik Najix pun cakap harga Minyak paling rendah RM1.90/l punya lah. Itu lah UMNO member support dia shj dlm dunia ini.
20 cents? Are u retarded or never went to school? read the article before u write your comment.
so tired of people like you, complaining and complaining without reading the article. Typical malaysians that sees everything from a political point of view. and no, i am not a BN supporter.
Really then where the promise of transparency??? It 6 month passes seen the promise but Dumno ministry act like dummy “never” make any announcement… But always free at “hike up price” on every industry in Malaysia !!! and no, I am not PR supporter !
thank you, BN govt. We are so very syukur of everything….
Sir,
Do take into consideration the word “Even”! it means if it does happened in the future…
in uk, you earn £1000 > petrol selling £1/L.
in Malaysia, you earn RM1000 > petrol selling RM1.90/L.
And not to forget. 12 years old waja is £1,200. In Malaysia rm10k.
New Ford focus £15k. Malaysia rm120k
with income tax and VAT of 45% and 20%….
Waiting some red shirt to say “Tgok, wong Mat Saleh pam minyok mahal RM6.50. Cukur lah kite kat Malaysia minyok muroh, terima kasih kpd Pemimpin kito”
Meanwhile in Malaysia…
Wait a minute. If our RON97 is no longer subsidised, why are we not paying RM6.35/L like in UK?
in other countries, they pay taxes for fuel….we get taxed for our marseelee bengz
@john
In your logic we pay RM 6.35/L. So are Rakyat salary pay in £??? When will you wakeup John stop reading Utusan and read world news !!!
Normally PT quotes foreign currencies without local taxes. Or at least thats what they do for cars, just to make blind macais rage against our prices.
good question. but alas, no one here in paultan.org can answer that.
Too bad for you by no logic on your support ! Read comments below boy…..
Answered already daa…
if that’s your logic, why are the average malaysians not earning RM 12,700 (£2,000) like in the UK ?
Becoz we’re not productive enuff?
There a tax on petroleum products in the UK. Compare with Thailand there is no tax and no subsidy.
I just fill up at Tesco fuel station. 30 litre for £30. It is 99 pence/ litre.
To those xtremely ignorant ppl, & Dum-no supporter, plz check the fact by browsing this: http://www.macrotrends.net/1369/crude-oil-price-history-chart
“Select 5years chart & pin to sept 2014”, the crude oil price was USD90++ on Sept 2014 but our unsubsidised price was RM2.57 per liter on Sept 2014, check out the photo at (http://paultan.org/2014/10/27/govt-says-structure-petrol-subsidy-rationalisation-programme-ron-95-finalised-next-year/).
Now brent crude oil at USD38 per barrel, which is at least 57% cheaper, but our price is only 25% cheaper at RM1.95.
*1 barrel =159liters, Usd 38 / 159 x Rm4.3 = Rm1.027. * lets say, need to add 40% for refining&retailing cost =1.44per liter only. So why still selling so high? If u know the real calculation, show me!!!
No point writing the whole bible. Bottom line is still painful when u hand over the cash you pump to the kiosk cashier. Unless u can give $1 & walk off
Meanwhile… petrol is price as they like at a few times more in Malaysia, even though it is produced in Malaysia.
Seriously, some people can caluculate currency exchange for the price of fuel BUT NOT the pay. BN supporter la.
My Japanese GM friend of an Oil and Gas co in Msia said our fuel is expensive because we are producer.
Our petrol is the most expensive for a major oil producing country.
My American friend punya GM punya MD of an undisclosed oil giant says our oil is not used for the vehicles here but exported out for jet fuel. The higher prices it brings we use to buy refined oil overseas (follow market prices) or bring some here to refine (by Petronas). of course among oil export nations, we have one of the least reserves and those are expensive to tap, which do justify why we cant give cheap oil like saudis which find oil by sticking a shovel into the ground.
You like to bullshiting, Petronas is a dealership…. The real distributor in Malaysia are SapuraKencana and Bumi Armada with others gas and petroleum companies. Stop your nonsense BN supporter attitude !!!
Until today the BN liars have yet to show us the formula to calculate the fuel prices. That shows that they are hiding something from the Rakyat. Is it so difficult to reveal it? Maybe after revealing they don’t have anymore money to songlap.
back here in our country, drop RM0.10….
guessing next mth will up RM0.10….then another month drop RM0.10…ZZZzzzz
At least CM Lim promise us petrol RM1/liter when Pakatan Harapan takes over. Removes Petronas monopoly. What can BN give us?
cm lim can promise the moon, the stars and the planets.