Indeed it is that time again. Wednesday not only brings forth a new month, but also new weekly fuel prices – and it’s bad news for motorists all around because it’ll again be costlier to fill up from tomorrow onwards, no matter what you pump into your vehicle.
From November 2, all fuels will be four sen more expensive, with RON 95 being priced at RM2.24 per litre (up from RM2.20 last week) and RON 97 at RM2.54 per litre (up from RM2.50).
Meanwhile, Euro 2M diesel will now retail at RM2.17 per litre this week (up from RM2.13), and Euro 5 diesel – always higher by 10 sen over Euro 2M – is at RM2.27 per litre. These prices take effect from 12.01am until November 8, when the next round of fuel prices will be announced.
This is the 32nd weekly fuel pricing update since the system’s implementation on March 30. Compared to March 2017 prices, which was the last month before weekly pricing took effect, RON 95 is down by six sen (from RM2.30 per litre), RON 97 by six sen (from RM2.60 per litre) and Euro 2M diesel is down by three sen (from RM2.20 per litre).
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AI-generated Summary ✨
Comments on the fuel price increase highlight concerns about the rising costs and their impact on daily expenses, such as food and transportation. Several mention that small price hikes (around 4-6 sen) significantly affect inflation on essentials, with comparisons to food prices and lifestyle adjustments. Some express frustration with government policies, questioning transparency and the effectiveness of fuel subsidies, while others note that oil companies still profit despite fluctuations. There’s awareness of economic factors like crude oil prices, GST, and taxes, but skepticism remains about whether these genuinely benefit consumers. Overall, sentiments are mixed, with complaints about the rising cost of living and skepticism towards government actions, while a few appreciate the comparatively low prices in Malaysia versus neighboring countries.