With Friday comes another weekly fuel price update, and again, more wonderful news for motorists, but unfortunately most won’t be able to fully capitalise on it as a result of the movement control order (MCO) limiting movement and travel.
The ministry of finance has announced that the price of all fuels has dropped again for the coming April 4 to 10 week. The price of Euro 4M RON 95 petrol has dropped by eight sen to RM1.30 per litre (from RM1.38 per litre last week), while RON 97 also gets an eight sen reduction to RM1.60 per litre (from RM1.68 last week).
As for Euro 2M diesel, that has dropped by 10 sen, and so the fuel now goes for RM1.58 per litre (previously, RM1.68). This means that Euro 5 diesel, which costs 10 sen more than Euro 2M diesel, will be priced at RM1.68 per litre.
The price reduction that has been happening in the past few weeks is a result of falling crude oil prices globally due to an “oil war” among oil-producing countries – at one point a day or so ago, the barrel price dropped below US$20, with fears that it could go as low as US$10 or even into the negative.
That has been temporarily arrested into an uptrend, but expect to see fuel prices hovering around this region for a while, given the lack of fuel consumption globally as a result of the Covid-19 outbreak, which has grounded aviation and limited the movement of vehicle travel in many places.
The prices remain effective until April 10, when the next fuel price update is announced. This is the 13th edition of the weekly fuel pricing format for the year and the 65th edition in total for the format, which runs from Saturday until the following Friday.
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RM0.50/L orso kenot Ronda2. Go rempit ok kot
If you get things that you desire, there may be unforeseen and unpleasant consequences.
Be careful what you wish for, lest it come true.
Go tell that the climate alarmists la. They got what they wanted at everybody’s expense- in other words – if you want 0 carbon emissions NOW, then tank the world’s economy, go broke n go hungry.
…the world will end in 12 years lah sangat… That’s what they said about the polar bears back in 90s. Polar bears a booking today…
Some people wished for change and yet they are unhappy when change did happen. Yes, they should be careful what they wished for.
Fuel price drop significantly every week…… Covid-19…. stay home…… Hahaha we’re being trolled.
Not for us frontliners having to go for work daily. This is a godsent for us.
Waiting for RM1.50 for RON97 and Diesel
A very big thank you to Putin Russia for RM1/L petrol
As above
Janji ditepati… oleh PN! Really love this gomen!
Thanks to MCO, I am saving so much. Now after 14 Apr I can use petrol that will be way lower compared to I last pumped just before MCO started. Well done PN Government! People’s Nation stronk!
Syukur x10000. With such low price of petrol, diesel……I hope the logistic companies will lower their cost of transportation, and ease the nation’s hardship during deadly covid19 spread in Malaysia.
Last time this kind of news people really happy but not now
Imma happy Grabfood rider , saved RM10 per day
We are ecstatically happy beyond our wildest hopes. This is the real Harapan guys and gals!
PDAM? Where are u?