With Friday comes the usual weekly fuel price update, and there’s not much cheer for motorists, with fuel prices increasing across the board in the coming November 28 to December 4 week.
The ministry of finance has announced that Euro 4M RON 95 petrol will be priced at RM1.67 per litre, up three sen from the RM1.64 per litre it was last week. Similarly, RON 97 petrol sees a three sen increase from RM1.94 per litre to RM1.97 per litre in the coming week.
Diesel fuel users will also be paying more. The price of Euro 2M diesel will go up to RM1.85 per litre, increasing by four sen from the RM1.81 per litre it is at currently. Correspondingly, Euro 5 diesel, which costs 10 sen more than Euro 2M diesel, will be priced at RM1.95 per litre this week.
These prices remain in effect until December 4, which is when the next round of fuel price updates will be announced. This is the 47th edition of the weekly fuel pricing format this year, and the 99th in total since the format – which runs from midnight on Saturday until the following Friday – was introduced at the beginning of 2019.
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Expected since crude Brent at USD48 and our currency exchange at RM4.07 per dollar.
Tu hah! Kan dah kata ini semua salah Forex. Tak caya pulak. Phoi!
Yang penting kne amanah… jgn sedut & makan.
The previous 2 weeks price per barrel at USD37 and our ringgit at RM4.13. Last week per barrel USD43 and our ringgit at RM4.11. So how logically to simply blaming the forex?
The fact: Our ringgit getting stronger, while the crude price keep on increasing after covid vaccine news. Phoi!
At RM4.07, every USD1000 we have to fork out RM4070 which is today.
Last week, at RM4.11 we have to fork out RM4110 which is extra RM40 for the same USD1000 amount.
This week we spend less RM40 for USD1000.
Last week RM 4.11, this week RM 4.01 (+2.5%)
Last week Brent USD37, this week USD43 (+14%)
Is it ringgit getting stronger or actually Crude oil getting stronger? Wakakaka
Orang pandai tidak kenal erti kalah,
Orang bodoh tidak kenal mengalah.
I choose the wise path.
Aiseymann! Ini semua salah Brent crude naik lagi! The world should remain depressed so our petrol prices can remain cheap
Wats the other bloody reason its going up every week..pay b40 pay themselves..wat..
(THE STAR) NEW YORK: Oil prices climbed nearly 2% to their highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost duel demand.
By Irina Slav – Nov 25, 2020, 9:45 AM CST
Crude oil prices continued to climb today after the Energy Information Administration reported a crude oil inventory draw of 800,000 barrels for the week to November 20.
Oil prices this week hit the highest since March, mostly on the back of more positive news about Covid-19 vaccines. Traders have shunned warnings about the early nature of the positive efficacy and safety results reported by pharma companies, betting big on a quick rebound in oil demand thanks to mass vaccinations. These vaccinations are still in the future, however, which puts the rally on shaky foundations.
But cik Irina…. my country M’sia is a major oil producing supplier for last 40 years. same like our neighbor Brunei selling 50sen petrol/liter..so RM1.67 is potong leher babe.
Referring to *Major oil producing supplier*
You should just not post if you don’t have anything informative or true to post.
Whatever the news, the govt will still claims that Malaysia petrol still the cheapest in the region.
They have been harping this for decades oredi.
Made worse during last year when our petrol reached rm2.90 per litre. That gomen only knew how to lie and not taking care of rakyat
Slowly n surely, msia goin to venezuela bankrap.
Ini semua salah COVID. Lucky we have good gomen to manage this pandemic well until vaccine soon to come out.
Spot on! Fully agree 1000x!
Good gomen managing the pandemic? nope
Inb4 good Gomen allow returning from sabah… no kuarantin..so Gomen good.