New prime minister Tun Dr Mahathir Mohamad has just finished a press conference where he was asked if there will be any changes in fuel prices for the upcoming week, as today is the first Wednesday since Pakatan Harapan won in the general elections. The answer is no.
“No increase or decrease, if the global oil prices go up, the government will subsidise,” Mahathir said, without elaborating if the weekly price mechanism that has been in place since March 2017 will be scrapped, as most expect it to be.
This means that pump prices, which have been unchanged for seven straight weeks prior to this, will be maintained till further notice.
As a recap, RON 95 petrol is currently priced at RM2.20 per litre and RON 97 at RM2.47 per litre. Euro 2M diesel is RM2.18 per litre while Euro 5 diesel goes for RM2.28 per litre. These prices will not change come midnight. The last time there was a change in fuel prices was during the fourth week of March, which saw a 10 sen increase across all fuel types and grades.
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AI-generated Summary ✨
Comments largely focus on the stability of fuel prices amid the government's announcement of no change in May 2018, with some expressing relief over stable prices or hoping for future reductions. Several comments critique the government’s fuel subsidy policies, questioning the fairness of subsidizing luxury car owners and suggesting subsidies benefit the wealthy rather than the poor. There is also discussion about global oil prices, with some noting that local prices remain stable despite fluctuations. Supporters praise Tun M and Pakatan Harapan for maintaining or aiming for cheaper fuel and better governance, while others express frustration at perceived ongoing corruption, political bias, or off-topic criticisms. Overall, sentiments range from gratitude and optimism to skepticism and criticism regarding fuel prices and government policies.