It’s Wednesday, which means it’s time for the usual weekly fuel pricing update, with the ministry of finance having announced the retail prices of fuel for the coming week of September 29 to October 5.
Yet more cheer for users of RON 97 petrol, which drops five sen in the coming week to RM4.00 per litre (RM4.05 per litre last week). There is of course no change to the price of RON 95 petrol, which remains at its ceiling price of RM2.05 per litre, as set by the government in February last year.
Likewise, that for diesel, with Euro 5 B10 and B20 blends continuing at RM2.15 per litre, and Euro 5 B7 – which costs 20 sen more per litre – at RM2.35 per litre.
The latest fuel prices will take effect from midnight tonight until Wednesday, October 5, 2022, when the next set of fuel price updates will be announced. This is the 40th edition of the weekly fuel pricing format for this year, and the 194th in total since the format was introduced at the beginning of 2019.
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Brent crude already below usd90/barrel, 97 should be nearing rm3/liter.
All patriotic T20, M40 & B40 rakyats are syukuring for lower petrol prices with cheap petrol rakyat marhaen RON95 compared to during utter incompetent 22months failed gomen rule!
#BetterNationGE15FTW #KeluargaMalaysia4PatrioticRakyat
Tax the rich no problemo
its been a pattern of 10 cents and 5 cents respectively because dealer margins are 15 cents..actually drop should be even more, gomen protecting dealers from going bust
Dealer not make much from RON97 sales, majority of sales are coming from petrol rakyat marhaen RON95 with more M40s & T20s now switching to use it
https://paultan.org/2022/06/20/premium-high-performance-vehicle-owners-switching-to-ron95-petrol-due-to-current-high-price-of-ron97/
Regardless of which type of petrol they make more from, dealers are required to pay upfront for stocks of both types of petrol minus 15 cents per litre profit..if the government were to reduce more than 15 cents in one go, each litre they sell they will lose money..the capital is already in the stock of 5 thousand litres minimum. I dont think is fair as they will gain huge profits if ron 97 goes up such as 30 cents at one time.
Why harp on RON97? If 90% of their sales comes from RON95 the main profits isn’t coming RON97 sold. However RON95 prices have remain stagnant for a couple of years dy and so their profits don’t go up or down for dealers to make the cuts you are demanding them. If you talking about RON95 back in 2020 then lain cerita lahhh but the basis is you don’t make profits from small sales unless your margins are super crazy high as in RM10 per liter. That’s not the case right?
Very good news for me..