January 2018 week one fuel prices – petrol, diesel up

It’s the first Wednesday of 2018, which means that it’s time again for the weekly fuel price announcement, and the start of the year sees an increase on all fronts from last week.

With effect from 12.01 am tomorrow, RON 95 petrol is up by three sen to RM2.29 per litre (from RM2.26 per litre last week), and the same three sen increase also goes for RON 97, which is RM2.56 per litre (up from RM2.53).

Diesel gets an even larger hike, going up by six sen to RM2.32 per litre (from RM2.26 last week). As always, Euro 5 diesel is pegged 10 sen above the Euro 2M equivalent, and so that’s priced at RM2.42 a litre from tomorrow. These prices will be in effect from January 4 until January 10, when the next set of prices for the following week will be announced.

The first weekly fuel price announcement of the year is the 41st weekly update of fuel prices since the system took effect at the end of March 2017. The net difference has been a one sen decrease for RON 95 petrol (from RM2.30 per litre), a four sen reduction for RON 97 petrol (from RM2.60 per litre), and a 12 sen increase in Euro 2M diesel (from RM2.20 per litre) since then.

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