It’s time again for the usual weekly fuel price update, with the ministry of finance having announced the retail prices of fuel for the coming October 28 to November 3 week.
If you’re a RON 97 user, the news isn’t so pleasant this week, as the price of the fuel is up again, with a 10 sen hike taking it to RM2.97 per litre (RM2.87 per litre last week). Of course, there’s no change in that for RON 95 petrol, the fuel staying its capped price of RM2.05 per litre as set by the government back in February this year.
Likewise, Euro 5 B10/B20 blend diesel continues at its ceiling price of RM2.15 per litre, which means that Euro 5 B7 – which costs 10 sen more per litre – remains priced at RM2.25 per litre.
These prices take effect from midnight tonight, until Wednesday, November 3, when the next set of fuel price updates will be announced. This is the 43rd edition of the weekly fuel pricing format for 2021, and the 146th in total since its introduction in 2019.
Highest in 30 years.
When dealing with OPEC, it’s just one thing after the other.
Every excuse to make the prices rise and rise again.
https://paultan.org/2021/10/05/government-will-ensure-that-people-are-not-burdened-by-the-rise-in-global-crude-oil-prices-mustapa/
Syukurrrr……
Syukur yes, but kinda worried about the money used to subsidise the petrol, ultimately it is our tax money too. More taxes coming?
Also, subsidy encourages waste.
Taxes will be on those who can pay to help those who cannot, the B40
No wonder BP & Exxon-Mobil stopped operating petrol stations in Malaysia.
That’s why the govt introduced RON95 petrol in 2009 because it is ‘cheaper’ to subsidise than RON97.
both are premium grade gasoline, whereby your ruler subsidized the lower octane additives?
Premium grade gasoline depends on what is the highest RON sold in the stations nationwide. In Malaysia, it should be RON97. Of course, Petron sells RON100 but that is only Petron & not even all their stations sell RON100. RON95 is more like middle grade. Lower RON fuel costs less to refine. Therefore, subsidies to keep RON95 at the RM2.05/litre are less than what would have needed to subsidise RON97 at that price level.
Nearly all cars sold here only needs RON91 while some few will need 95 or higher. Bringing back RON92 at EURO5 grade will surely help even lower prices, this fuel grade is actually the standard in Europe so why we need so high?