Yes, you read that headline right – new fuel prices announced today will be as much as seven sen more expensive per litre compared to last week! This follows three successive weeks of increases; prior to this, last week’s hike of four sen across the board was the highest yet.
From tomorrow, November 9, RON 95 petrol will be priced at RM2.31 per litre (up seven sen from RM2.24 last week) and RON 97 at RM2.60 per litre (up six sen from RM2.54).
Meanwhile, Euro 2M diesel will now retail at RM2.20 per litre this week (up three sen from RM2.17), and Euro 5 diesel – always higher by 10 sen over Euro 2M – at RM2.30 per litre. These prices take effect from 12.01am until November 15, when the next round of fuel prices will be announced.
The latest weekly fuel price revision – the 33rd since the system’s implementation on March 30 – means that RON 95 petrol is now one sen more expensive compared to March 2017 (the last month before weekly price updates took effect), when it was priced at RM2.30 per litre. Additionally, prices of RON 97 petrol and Euro 2M diesel are on par with those from eight months ago (RM2.60 and RM2.20 per litre respectively).
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AI-generated Summary ✨
The comments mostly express frustration over the 7 sen increase in RON95 fuel prices, highlighting concerns about rising living costs and inflation, especially since other goods like food prices tend to rise with fuel costs but rarely decrease when fuel prices drop. Several comments compare Malaysia's fuel prices and salaries unfavorably to Singapore and Brunei, criticizing high car prices, government policies, and perceived unfairness in fuel pricing formulas and duties. There is also skepticism about the government’s claims of managing fuel prices and accusations of being misled by official data. Many commenters link fuel price hikes to broader issues like inflation, cost of living, and economic management, with some sarcastic remarks about the country's development plans and future outlook. Overall, the sentiment is one of disappointment, skepticism, and concern over economic and fuel price policies.