It’s Wednesday, which means it is once again time for the weekly fuel price update. The ministry of finance has announced the prices of fuel for the coming week of November 4 until November 10.
For users of RON 97 petrol, your weekly refuelling expenses are set to grow once more as the price of the fuel takes yet another hike by nine sen – breaching the three ringgit mark – to RM3.06 per litre, up from RM2.97 per litre of last week.
No change is recorded for RON 95 petrol as it is already at the price cap of RM2.05 per litre, as set by the government in February this year. Similarly, prices for diesel fuels stay put, with Euro 5 B10 and B20 blends remaining at the RM2.15 per litre ceiling, and as such, the Euro 5 B7 holds position at 10 sen more, at RM2.25 per litre.
The latest prices take effect from midnight tonight, until Wedesday, November 10, when the next set of fuel price updates will be announced. This is the 44th edition of the weekly fuel pricing format for this year, and the 147th cumulatively since its introduction in 2019.
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Eventually, it has happened. #3perlitre
#keluargamalaysia
Not affecting the rakyat #DunGiveAFrack
Whatever subsidies affects the government financially, which eventually affects the people in the long run.
You’re right. The people will have more money. But is that a bad thing?
The Venezuelans also thought they’ll have more money with their cheap government subsidized fuel.
The problem those Venezuelans faced was not due to cheap subsidized fuel but economic sanctions from the USA. B4 the muricans came to meddle, they had the best public healthcare & tertiary education for ALL in the American continent (that includes the USA). Learn your history.
The Venezuelan crisis started in 2010 when its then president Hugo Chavez tried to correct his 1 decade of mistakes in the management of his country’s economy, where there was too much emphasis on the oil industry so that he could use the oil revenues for his ‘hyper’ populist policies, including huge subsidies for fuel, resulting in overspending and unsustainable price controls. This was before the Venezuela Defense of Human Rights and Civil Society Act of 2014 was signed in by the then US president Obama, to to impose targeted sanctions on certain individuals in Venezuela that were responsible for violations of human rights of anti-government protesters during the 2014 Venezuelan protests.
Venezuela had been under US sanctions ever since Chavez came to power, Obama only made it official. That’s all.
Actually Nicolas was the one in power. The death of Hugo (that’s you? ) only made it official, that’s all.
In March this year, the government was subsidising almost 30 sen per litre for RON 95 petrol and diesel to maintain their respective ceiling prices of RM 2.05 and RM 2.15 per litre. Does anyone here know how much the government is subsidising for every litre of RON 95 and diesel to maintain the same ceiling prices at this time?
why your rulers like to subsidize Premium Unleaded Petrol RON95?
Its more economic viable to bring back the lower cost Regular Unleaded Petrol RON92
Bravo! Kudos to the backdoor gomen 2.0.
Blame it all on the OPEC cartel.
‘Gas prices are sky high and Bank of America warns $120-a-barrel oil is on the way’
https://edition.cnn.com/2021/11/03/business/gas-prices-oil-opec/index.html
Yeesss, imma sure Brent is up cuz by backdoor gomen. They must be super influential.
@Gary & Western Star, since both of you have knowledge about fuel pricing, do you know how much the Malaysian government is subsidising for every litre of RON 95 and diesel to maintain the same ceiling prices at this time?
Pointless to ask. Whether it is 1sen or Rm1, it is still Gomen sacrifice for the rakyat. Just be syukur…
If you don’t know, just say you don’t know. After all, the sacrifice is being rewarded with Vellfires.
They can’t help it when the reward of Velfires were given by the previous 22month gomen.
How can previous 22 month gomen give reward when they have no power to approve it in June 2020?