It has been announced that the price of RON 97 will be floated according to market forces starting on June 7, which means that its current price of RM2.47 per litre will remain in place until then. Ahead of that, a question has come up with regards to its pricing independent of the market float that it will be subjected to.
This has to do with the goods and services tax (GST). With June 1 here and zero-rated GST upon us, there should be an adjustment on how the fuel is priced as a result of that removal – the price of RON 97 has been GST-inclusive up to today (and thus theoretically RM2.33 with GST omitted), but the announcement made by finance minister Lim Guan Eng yesterday stated that the retail price of RON 97 would remain in place (until the float next week) despite having 0% GST.
Other unregulated fuels such as Petron Blaze 100, which is priced at RM3.08 per litre, and Shell V-Power Racing, which currently goes for RM3.12 per litre, were also priced GST-inclusive up till today.
This of course doesn’t affect RON 95 and diesel, which was not imposed with GST to begin with. Prices of these will also remain fixed as per the announcement made on the matter – RON 95 will go for RM2.20 per litre and Euro 2M diesel for RM2.18 per litre, while Euro 5 diesel will be priced at RM2.28 per litre.
Users who have filled their cars up with RON 97 today have noted that the 6% GST calculation stated before the final total has been removed in receipts, but with the retail price remaining as is, it begs the question – what actually happens to that sum now that there’s no need to pay input tax, or more specifically, where does it go to (until June 7, at least)? Any thoughts on the subject? Share them with us below.
Looking to sell your car? Sell it with Carro.
John Palat
on 
Rimau
on 
Rightwinger
on 
haha
on 
Rajnikhand
on 
john
on 
john
on 
Rashid Maamor
on 
Nizzam
on 
Rajoo Selvam
on 
Jobstreet
on 
Joe
on 
Ah Chun
on 
Richard Sambrani
on 
sabahan
on 
Ghani
on 
O&G
on 
Riezman
on 
Ignatius
on 
Man
on 
BN Macais
on 
TherealMaserati
on 
Return my 6%
on 
Wargaputra
on 
Zainab
on 
Ron92 Rolls Royce
on 
Henry
on 
familyman
on 
Marini
on 
Goh
on 
Pak Man (gen 3)
on 
isma
on 
Francis Lim
on 
sam
on 
AI-generated Summary ✨
Comments reflect mixed feelings on the gasoline price situation, with some stressing transparency and questioning if prices stay unchanged despite GST removal, leading to potential hidden increases. Others criticize government transparency and speculate on Petronas’ finances, suggesting listing the company publicly. There is also discussion about fuel types, vehicle requirements, and environmental standards. Negative comments about political figures and corruption are common, but many appreciate the current government’s efforts and hope for affordable fuel prices and transparency.