Finance minister Lim Guan Eng has announced that from January 1, 2019, fuel prices, including for RON 95 petrol, will be floated and set on a weekly basis, according to reports by The Edge and Malaysiakini.
Since May 30 this year, the price of RON 95 petrol has remained unchanged at RM2.20 per litre, and the same applies to diesel as well – Euro 2M diesel retails at RM2.18 per litre, while Euro 5 diesel goes for RM2.28 per litre.
However, the price of RON 97 continued to be floated according to market prices from June 7, initially adjusted on an average weekly basis before moving on to an average monthly basis from September. For the month of December 2018, RON 97 is being sold at pumps for RM2.50 per litre.
The switch back to a weekly format is claimed to be a positive move, with Lim saying, “this will allow consumers to benefit faster from reductions in the fuel prices.” He adds that based on the declining trend of global crude oil prices currently, the government will adjust fuel prices to be lower from January 1, 2019.
However, should global crude oil prices rise, the government will maintain the price of RON 95 petrol at RM2.20 per litre and diesel at RM2.18 per litre. This will remain until the implementation of targeted fuel subsidies announced during the tabling of Budget 2019. Lim noted that RM5.82 billion has been spent to subsidise petrol products from May to November this year.
What are your thoughts on the government’s decision to return to weekly fuel price announcements?
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I hope our regular fake troll does not come here and say where is RM1.50/l petrol promised by PH?
Even Tun M already announced that PH never made such promise and it is not in the manifesto.
I rather believe Tun M than some keyboard warrior who is spreading fake news.
What difference does it make? Even if they do promise, they will say manifesto is not bible. End of the day, RM1.50 or RM2.20 doesn’t matter, there is no fuel subsidy for M40 or T20, only for B40 with T&C as they are not preparing for GE15.
Epic lolz. Next he will claim all those commenters r me. Too blind to see the fury of the rakyat from his ivory tower of Orthanc.
Rm1.50 is 2013 manifesto..but those fake troller thinking 2018 and 2013 manifesto are the same..cannot help them anymore
Nope. This was repeated by PH in runup to GE14. Cant help those who still in zombie mode anymore.
Yupe. Pledge to reduce car prices by 30% alredi fulfill, zombie still want more cheaper.
This is the same person that said that Malaysia has the cheapest car prices and cheapest fuel in the world.
The old regime never fulfilled its promise of reducing car prices by 30%.
But what is more important, the old regime was corrupted and songlap duit from the rakyat.
Luckily, the rakyat woke up and voted for a new clean government
Betui bruh…cannot help them anymore.
Kalau basher tak suka, sila k…
Yes. I don’t mind paying more to help the gov to settle the 1 trillion debt left by the previous gov
This week petrol is going down in price. I am so happy kerajaan baru gives us cheap petrol. Kerajaan Prihatin!!!
Kalau kerajaan lama, pasti petrol sekarang RM2.70 se liter
I remember one of those early propagandas by Harapan government after winning the GE. They had this other gossip website praising them about “successfully stabilizing” the fuel price. Well, we all know that they basically fixed the Ron 95 price.
Now, the government is going back to floating mechanism as used by previous government.
I don’t know what to call this. Is the fuel price now going to be “destabilized”? Or is this just one of those usual flip-flop/copied decisions made by the government? Is it good? Bad? Nobody knows. They themselves don’t care explaining it to you, what more seeking your opinions on this.
If gomen still wants to launch protiga(a wasteful mega project involving grants to the private entrepreneur),pls continue fuel subsidy to your disappointed rakyat.Dont just give to the B40 group.
We r very disappointed ,after getting rid of a bandit regime,the new regime is still going back to bad habits of the old one,it kicked out.
The euphoria of GE 14 has died…now the rakyat began to see the true colors of these politicians.
The new regime is like a ‘ celup’ version of the old one.
One day,all the bandit’s ways of corruption will be evident in our new regime.
Weekly fuel price experts, incoming… lolz!
jangan bimbang ya, harga petrol this Wednesday sure RM1.90. Bezz nya kerajaan PH!!!
u got read the article or not?
price of ron95 will be floated so that it will be reduced when global price for crude oil is down while max is still capped at rm2.20 per liter.
since maybe you’re an idiot, let me point you to where it is mentioned. kindly go to the first 2 sentences of the last paragraph.
if gov dont do floating to let us enjoy lower price when crude is lower, you’ll complain, when they float, you complain. seriously, get a life.
hai ya.. pi mai pi mai tang tu jugak…
Lepas dah menang, Manifesto tinggal mimpi saja. Dah tu sensara utk 4 tahun lagi.
Cukurr laa
Baru nak announce? Lepas kena sound baru nak buat. Sebelum ni buat apa? Fikir nak spin apa kan.. kot2 org tanya.. Parah menteri macam ni… Cukurlah ada barisan menteri mcm ni kat mesia…
Dulu kena sound pun tak buat apa, sekarang lebih baik sedikit…
Sebelum ni buat apa? Hutang songlap orang lama… dia makan, lu bayar beb..senang gua lupa
Rm1.50 kangkung
Rm1.50 carrot
Rm1.50 petrol?
YOU SLOWLY WAIT YA for such ancient thing to happen
LOL
LOL
Pusing-pusing sana sini then U-turn..hoho..
New year 2019. Cheaper RON95 petrol yo’
U-turn decision is better than decision to steal 2.6 billioww….
if it will be cheaper, who cares
Can be cheaper by RM1.00 from free float RON97? I highly doubt that. The rakyat voted for RM1.50 petrol, not to float it and pay more for it. We have been cheated by this Gomen!!!
which rakyat think fuel rm1.50/liter.?
RM 1.50 is not part of PH manifesto.
We rakyat malaysia also dont mind because the new clean government is trying.
Different from the old corrupted regime
Shud be cheaper by 30 sen so rakyat is subsidising gov for the past 2 months
Open your eyes…! Cheaper is one thing… the price of fuel at the pumps should have come down since November. The Govt has been siphoning around 20-30sen from us for every litre the rakyat pumps fuel for the whole of November and December…!
We want RM1.50 as promised by Rafizi
Rafizi ada tanding ka? Pi mintak kat dia
2013 manifesto also cant differentiate…aiyoooo
Why don’t you also ask for RM1 equals to brunei $1.50 ?
rafizi is not the government.
But Khalid Samad is.
Kerajaan PH = Kerajaan BN – (Najib+Zahid)
Representing the worst part of BN.
I’ve tried calculating the above formula using quantum math and it confirm your theory which is;
x = y – z
fuel subsidy should be slowly abolished. Money saved should then be spend building better public transportation infrastructure. This is simply outrageous.
floating price?? last time PH said fuel price is going to be stablilized, now they going to weekly price change? wtf, feel sorry for the petrol station owners.
floating price?? last time PH said fuel price is going to be stablilized, now they going to weekly price change? wtf, feel sorry for the petrol station owners.
Too many idiots still saying 150. Where was this price listed in the manifesto at the first place you morons. Go and work for money. Don’t expect everything for free.
Kudos. But I’m surprised they didn’t re-brand this move. Heheheh. As long as benefits the rakyat its ok. Since PH came into power, 1 lesson learnt, never trust politicians. Hohoho. Merry Christmas to those celebrating.
We voters vote for rm1.50/l petrol.
A step in the right direction…….again…..
Was gonna complain that oil prices has gone down significantly and they’re still charging RON95 petrol at RM2.20/L. But lo and behold even before the start of next month they have announced they’re lowering prices. The difference is that they are on top of that and are making decisions even before the people are questioning the government. Good job for this at least.
Masalahnya bila nak bagi subsidi kepada yang pakai motosikal ni? Macam dalam manifesto tu? Korang jangan nak kecam aku sangat. Ni diorang yang janji.
Lets look it in a matured prospective n not to blame any. Alot was mention to improve cost of living, however when discover the coubtry debts we having. We know its difficult. We shall put trust and faith n look for the future instead of now. Look future to the next generation . recovery need years. Be patient.
Jangan umum hari rabu
Aikk……macam pernah dengar citer niiii…
spend on what you can afford and stop whining. whatever the price is, is fair and square for everyone. not only you are paying more, everyone does. work harder or cut other expenses
PH government is smart.. It is just PH government supporter
not so very smart
You look at an owned house which you are very interested come up for bidding. You “speculate” the previous owners have damaged inside of house but you still want to buy it. You aim to fix the house but do not know for sure how is damaged.
Come bidding day you win the house. You finally move in then you have first hand view what is damage.
Now how do you plan to fix the house? How would you continue paying the bills which are also behind?
Not sure if analogy above make sense to everyone. Most importantly it does not mean i support PH. It also does not mean i hate BN. Everyday i am trying to explain to myself and convince myself about the state of our politics but quite unsatisfied.
Anyway i am most for whatever is bringing good to me and the rakyat. Of course some policies may look like u-turn, illogical, can be improved but like bieight said if it can bring something good who cares.
In the end we help elect the decision makers but we are not the actual decision makers per se. Let us give chance to whoever is in power because the majority voted them in. Next five years will be up so do the right thing and what feels best for the country then.
Honestly i am fed up with the b**tching and backstabbing that is just not bringing any peace to anybody.
Well said bro. We are just glad we did not let the previous renters/tenants pillaged and damaged the house further. Rakyat is the owner and This is our home, MALAYSIA.
Lets see how to fix that analogy with a little more details:
You aim to fix the house but do not know for sure how is damaged. A contractor comes telling you there is major fixing needed and only he can do it plus he quoted a super cheap price of 50,000. you believed him and signed a contract with him.
Come bidding day you win the house. You finally move in then you have first hand view what is damage. Said contractor comes in and does all kinds of act & play which he finally tells you the repair is more serious than he thought at it would need 200,000 to fix them. You have no choice but to comply since you signed the agreement. What’s worse, a visiting contractor came to kaypoh and see, before telling you those were just minor damages and only needed 20,000 to repair.
Now how do you plan to fix the house? You have no choice but to follow and pay the 200,000 contractor since you signed the contract. Kena fooled but die-die must pay him and be at his mercy.
As countryowners, we were fooled into making a deal with these conman contractors called PH.
Previous house caretaker gave out reno projek, planning to embezzle $$$. At first he claimed didnt know the contractor but later admitted contractor cheated the country. Now contractor also lari, left sampan only…
well, floating mechanism with RM2.20 cap complain…
later no such floating mechanism & without capping complain lagi…
nak kasi harga turun complain, naik harga confirm complain 9 9
i not sure if im right, but there are alot people are choosing to read off the main point and just blindly read the point next to the most important point and just “pass” that point then start complain without any further understanding…
The rakyat, thanks the new govt, to float the petrol price on a weekly, basis so that the people can enjoy a lower fuel price, and also cap it at 2.20 max, well , this will temporary, solve the problem SHORT TERM.
The govt should embark on TUN 3rd national car idea, provided is fully electric, this will solve the fuel subsidies, and save 17 billion a year.
This saving can be pass down to the rakyat,
for them to by fully electric motorcycle, car, van, bus, this will elevate pur own economy, as the cars, motorcycle,van, bus is manufacture locally. Fuel subsidies will always be a issue, we cant depend on fossil fuel forever, if china, india can produce electric motorcycle of good quality
at only Rm 1,900, and 28,000 for electric cars.
Malaysia pasti boleh.
The rakyat, thanks the new govt, to float the petrol price on a weekly, basis so that the people can enjoy a lower fuel price, and also cap it at 2.20 max, well , this will temporary, solve the problem SHORT TERM.
The govt should embark on TUN 3rd national car idea, provided is fully electric, this will solve the fuel subsidies, and save 17 billion a year.
This saving can be pass down to the rakyat,
for them to by fully electric motorcycle, car, van, bus, this will elevate pur own economy, as the cars, motorcycle,van, bus is manufacture locally. Fuel subsidies will always be a issue, we cant depend on fossil fuel forever, if china, india can produce electric motorcycle of good quality
at only Rm 1,900, and 28,000 for electric cars.
Malaysia pasti boleh.
Mr anuar pls reduce the petrol price la,two mths ready nvr go down.
Pls reduce price for ron97..make it la 2.80
Tq