With each Wednesday comes the weekly fuel pricing update for Malaysia, as the ministry of finance has announced the retail price of fuels for the coming week of November 3 to November 9, 2022.
There continues to be no change in the price of RON 97 petrol from last week’s pricing, and in fact this has not changed since its last price drop of 5 sen per litre to the present RM3.95 per litre rate since October 6. The same goes for RON 95 petrol, which remains at its ceiling price of RM2.05 per litre, which was set by the Malaysian government in February last year.
No change, either for diesel fuels, as Euro 5 B10 and B20 blends carry on at the rate of RM2.15 per litre, while the Euro 5 B7 blend, priced 20 sen per litre dearer, likewise remains at RM2.35 per litre.
These prices will take effect from midnight tonight until Wednesday, November 9, 2022, when the next set of fuel price updates will be announced. This is the 45th edition of the weekly fuel pricing format for this year, and the 199th in total since the format was introduced at the beginning of 2019.
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AI-generated Summary ✨
The comments mainly focus on the controversy surrounding petrol prices, government promises, and political promises in Malaysia. Many express skepticism towards PH's promise to lower RM1.50/L petrol, alleging they failed or lack intention to deliver. There are discussions about the impact of global inflation, US interest rate hikes, and currency policies. Some critics blame past governments like BN and PN for broken promises and rising costs, while others praise PH for transparency and affordable fuel subsidies. Debates also mention the potential effects of reinstating GST, with many arguing it increases the burden, while a few believe it could soften inflation. Overall, there's a strong sentiment of distrust in political promises and concern over economic management, with hopes pinned on changing the government to stabilize fuel prices.