Time once more for the weekly fuel price update, with the ministry of finance having announced the retail prices of fuel for the coming week of February 17 to 23. If you’re a RON 97 petrol user, there’s more unpleasant news in store for you, because the fuel is on the up again this week – a six sen increase means the fuel will now be priced at RM3.27 a litre (RM3.21 per litre last week).
Of course, all this has no bearing on RON 95 petrol, which remains shielded at its ceiling price of RM2.05 per litre as set by the government last February, although you can imagine how much more subsidy the government will be paying at present.
Likewise, no change to diesel prices, with Euro 5 B10 and B20 blends continuing to be set at RM2.15 per litre and Euro 5 B7 – which saw a 10 sen price increase at the start of the year and now costs 20 sen more per litre – at RM2.35 per litre.
These prices will take effect from midnight tonight until Wednesday, February 23, when the next set of fuel price updates will be announced. This is the eighth edition of the weekly fuel pricing format for 2022, and the 162nd since the system was introduced in 2019.
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Why is it only for ron 97 as most of us is still wondering the reason behind it
JOE, the reason is obvious.
If Ron 95 is at $3.27/litre…your cup of teh tarik will shoot up to RM4 and roti chanai ..RM3 a piece.
Tambang bas sekolah,and e hailing will skyrocket 40%.
Every damn business connected to transportation will skyjack prices.
We should thank Petronas for national service.
RON97 is considered premium fuel so rich premium users can pay the full taxed prices for it. Majority of us rakyat marhaen only care for RON95 which is capped 3sen below the lowest ever during PH rule. Syukurr…..
Until they give us this promise, they should never be back in power.
1st thing, if they are not in power, they can’t control ministry of finance to lower price further. 2nd thing, rm1.65 per liter is more realistic like in Brunei.
Most importantly, WHEN in power why not tepati janji? If cannot be trusted then, that means cannot be trusted now.
After thinking about it, should have let them run the full 5 year term first, then only we really know.
No need 5 years lahhhh! if there is will 1 year is enuff. If there is no will or honesty to do it, give 100 years also nothing will move.
The Federal Constitution allows a maximum 5 year term, and by saying no need to wait for the full 5 year term simply means disrespecting the constitution. Whether there was any will or honesty, let the people decide after the full term had run its natural course.
Just be happy that you would not have to bear the burden of the national debt created by the gahmen subsidies of ron95 & diesel as that’s the future generation’s job.
National debt is an illusion. Back when we breach 55%, many predicted doom & gloom but now is above 65% still going stronk. So means as long as the economy continue to run, higher debt level is nothing.
The real illusion is that they tell you that the national debt does not exist. The financial banking industry owes its existence to the debts.
You’re right! No debts meant no financial banking industry, meant no economy. Higher debts meant a thriving financial sector which oils our economy. Spot on, mate!
Not only that. Earlier debts will have to eventually be paid off so that funds will be available to be loaned out as fresh capital for new investments. Thus there will be another cycle of borrowing and debts until the debt is paid off again & again. So, as long as the debt is paid off at a pre-determined time, there will always be funds for new capital for new investments.