It’s Friday, which means time for the usual weekly price announcement for RON 97 petrol. The price of the fuel is set to be unchanged from last week, remaining at RM2.64 per litre for the period December 14 to 20.
No change of course to RON 95 petrol, which continues to stay at its fixed price ceiling of RM2.08 per litre. It’s the same for diesel – the price of Euro 2M diesel remains at RM2.18 per litre, and Euro 5 diesel, which costs 10 sen more, stays fixed at RM2.28 per litre.
According to the finance ministry, Automatic Price Mechanism (APM) calculations show that RON 95 and diesel fuels would be priced at RM2.34 and RM2.32 per litre respectively if there were no price cap in place. It added that for the period of December 14 to 20, the government will absorb a total of RM111.44 million to subsidise these fuels.
These prices will remain effective until the next fuel price adjustment is announced on December 20. This is the 49th edition of the weekly fuel pricing format which is announced every Friday and runs from Saturday until the following Friday. This pricing mechanism and existing subsidy system will come to an end when the government begins its targeted petrol subsidy programme (PSP) for RON 95 petrol early next year.
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AI-generated Summary ✨
Comments express frustration over unfulfilled promises to reduce petrol prices to RM1.50/L, with some blaming government corruption for economic issues affecting fuel costs. Others criticize perceived double standards and reliance on government aid, while a few highlight the impact of petrol prices on daily goods and living costs. Overall, there is a mix of disappointment, skepticism about political promises, and calls for responsible governance relating specifically to fuel pricing and economic stability.