Happy Chinese New Year, folks. It’s another Friday, and with that comes the usual weekly fuel update announcement. Unfortunately, motorists will usher in the Year of the Metal Ox by having to pay more for fuel, with prices going up across the board in the coming week.
The ministry of finance has announced that for the February 13 to 19 week, the price of Euro 4M RON 95 petrol will be increased by three sen to RM1.96 per litre (RM1.93 last week). Euro 4M RON 97 is also going up by three sen, its price increasing from RM2.23 to RM2.26 per litre.
Diesel users are also set to pay more – Euro 2M diesel is going up by four sen, increasing from RM2.11 per litre to RM2.15 per litre. Accordingly, Euro 5 diesel, which costs 10 sen more per litre than Euro 2M, also sees a four sen increase, going up from RM2.21 to RM2.25 per litre.
These prices will remain in effect from midnight tonight until the following Friday, February 19, when the next round of fuel price updates will be announced. This is seventh edition of the weekly fuel pricing format this year, and the 110th in total since its introduction at the beginning of 2019.
Earlier this week, the government announced that it had revised the ceiling price for RON 95 petrol, lowering it by three sen to RM2.05 per litre (previously, RM2.08). The price cap for Euro 2M diesel has also been revised to RM2.15 per litre (previously, RM2.18). These prices are the maximum consumers will have to pay if market prices push the pump prices above that price level, with the government covering the difference through subsidies. Judging by the trend, it looks as if we are fast approaching that threshold.
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No problem for us. Now with petrol cap lower that during PH time, we can save more and thanks to MCO we will spend less on travels and buying gifts to show off. Xie xie caring govt! Happy good fortune Gong Xi Fa Cai!
Delusional mentris cant see rakyat so suffering.
JKOM at their work.
Syukur gomen bijak perihatin.
Musim pkp Hotel bisnes abes lingkup, Fresh grad amik keje rider JnT, Isinar keluar kwsp sampai kering, Rakyat susah gomen xbantu kelangsungan hidup.. Harga barang mahal, Minyak naik lagi plak …syukurr dok rumah je makan maggi.
Syukuring just gets better and better in these hard times. The people understands this, so tq very much!
Copy paste: “Must be due to the lock down. Anyway kudos to the gov for doing the right thing not just empty promise. Listening to rakyat. Well done.”
It is the same everywhere in the world. No country is spared from Covid except for North Korea. Maybe you prefer to move there. Otherwise be thankful we still under control the cases and most of us still have jobs or can find new jobs. Or would you prefer planned employment like North Korea?
Different country different country leader. Lain2 country dah under control, SOP tak kelamkabut hari ni lain SOP besok lain. Sejak March 2020 … 365 Hari, 12 bulan masih2 takboleh nak handle..Nak jawatan, pangkat sangat 70 MEnteri. Rakyat takbising pon, redha aje ikat perut kosong. About planned employment like North Korea… alredi the same here group diowang dapat planned employment kat GLCs & agensi gomen. sorang tuh dapat 20jawatan wey, rezeki mercedes kat kelate… Huhuhuh.
Beratus pengusaha majlis perkahwinan lumpuh, nazak gulung tikar sangat tenat, kritikal dan terjejas akibat PKP gomen takreti handle betul2. 4,200 pengusaha dan 62,000 pekerja habis masalah duit, emosi dan mental. Hidup bini anak2 sedih dan hancur di tempat sendri
Different country different leader, I agree. Other countries havta lockdown 5-6 times and yet still not under control. Here we only lockdown 2 times and idiots still complain. More like different country different people, in other countries people are more reasonable and understanding, here Malaysians, Malaysian politicians in particular, are only good at complaining. Nothing is right about Malaysia. Everything is wrong. And it is always someone else who is at fault and who caused all these problems.
Betull. Different country oso copied malaysia Darudat, kudos govt terbest!
No country is perfect, Melbourne had to lockdown… AGAIN! Are Aussie leaders worse than ours you say?
Senang nak tuduh jari, nape mecedes kat penang tak mau cakap? Double stended lettew…
Can’t understand some of these recalcitrants.
Allowed to open, they complain covid case goes up.
Not allowed to open, they say unfair and susah cari makan.
Just let them shutdown permanently for good.
Diesel has hits its ceiling price.
Rentas daerah dan rentas negeri Tidak dibenarkan.
Emergency darurat diisytiharkan kat mesia…
Lawatan dan pelancong luar negeri dari Indonesia … Boleh dibenarkan.. Nampak amat jelas perjalanan daerah dan rentas negeri lebih berisiko tinggi. #kamijagakami
Luar negri dari Indonesia? Are you typing this from Jakarta or somewhere in Indo? Real sick & tired of outsiders commenting in a Malaysian blogsite. Go back to ur Kaskus.
Syukur rakyat mesia xperlu jadik manusia silver to eat nasi with kicap, in Indon so kesian rakyat there need to harm themselves just to eat nasi with kicap. Syukur so much here lagi best.
Minyak murah, teksi murah,
Subsidi gomen rm500 ada,
Bole tukar basikal lama kita,
Apa lagi nak dikata..syukur jela
Syukur la caring gomen, rakyat makan tulang ikan sampai akhirat. Gomen terbest!
Mentri mampu ambik basikal RM45K,
Marhaen makan nasi kicap aje k
Actually, the previous gazetted RM2.08 cap in 2019 has been cancelled on 3rd June 2020. There is no more price cap between 4th June 2020 to 9th February 2021. It means the new gazetted cap is not lowered by 3 sen, instead the cap which was cancelled has heen reimposed. The RM2.08 cap in 2019 was done at the time crude oil at USD65. Today the RM2.05 cap is set when crude oil hovering at USD60 per barrel.
Whether cancelled or not cancelled we have cap now and regardless whether cap set in 2019 is equivalent to cap in 2021 since inflation today is higher anyways, so a lower than 2019 cap has far more value today.
Lighten on on nitpicking cents. Please check if anyone on ebay or lazada is selling a spare sense of humour. You could use it.
The real joke when last year GDP shrink to -5.6% and MOF came out with ‘the figure is better than expected’. Who expect it? BNM forecast the GDP at -3.5% to -5.5%. So by bankers’ rule -5.6% growth is better than -5.5%?
Of course it is better than expected! Many analyst predicted the economy to shrink by 6%! So anything better is BETTER, simple as that.
Better than nothing?
2020 Forecast by:
BNM = -3.5% – -5.5%
IMF = -3.8%
World Bank = -4.9%
Kenanga Research = -3.9%
CGS CIMB = -4.0%
MIER = -5.5%
Fitch = +1.2%
ADB = -5.0%
last but not least :
MOF own forecast = -4.5% (during Budget 2021)
What inflation? It’s deflation. According to the Statistics Department’s statement Malaysia’s inflation, as measured by the consumer price index (CPI), declined 1.4% in December 2020 from a year earlier, bringing the full-year reading to a 1.2% drop. The full-year 2020 deflation is Malaysia’s first since 1969 when the CPI fell 0.41%.
Cuba beli barang keperluan kat luar, makanan kat luar, semua pun naik harga terutama yg dr C—-. Mau tak mau kalau terpaksa beli tu kena telan harge mrk.
2019 – USD MYR RM4.11
CRUDE – USD 65 = RM267.15
Current Ron95 price then RM2.08, Price CAP then RM2.08
2021 – USD MYR RM4.04
CRUDE – USD 61 = RM246.44
Current Ron95 price now RM1.96, Price cap now RM2.05
Please factor in inflations cost from 2019 to 2021 too. Such comparisons are meaningless when you omit external factors.
As hamid said above:
What inflation? It’s deflation. According to the Statistics Department’s statement Malaysia’s inflation, as measured by the consumer price index (CPI), declined 1.4% in December 2020 from a year earlier, bringing the full-year reading to a 1.2% drop. The full-year 2020 deflation is Malaysia’s first since 1969 when the CPI fell 0.41%.
Senang je kata no inflation ye. Cuba beli barang keperluan kat luar, makanan kat luar, semua pun naik harga terutama yg dr C—-. Mau tak mau kalau terpaksa beli tu kena telan harge mrk.
We (again and forever) still have the lowest petrol prices in SEA.
But our gaji only ciput-ciput.
Hairan sunggyh bagaimana rakyat di Malaysia boleh punyai pengkhianat sebagai Ketua Negara kita – buang aja deh’
No more complain from tokey minyak
Not worried for now since NCO uses less fuel anyway because WFH.
OK la tu. Where do you think your Bantua Perihatin coming from?
Bantuan Perihatin since 2020 when fuel prices are super low. Caring gomen using own poket to pay for us. Well done!
Heran…. where indeed. Where did our gahmen got so much money to subsidise us with this cheap petrol and all those Bantuans?