Thursday, September 5, 2013

RON97 petrol price increased to RM2.85

Queue at petrol station in Georgetown, Penang - The Star
On Tuesday, the price of RON95 and diesel went up by 20 sen each bringing the new rates to RM2.10 for RON95 and RM2.00 for diesel. The last price increase for RON95 was in 2010.

Prime Minister Datuk Seri Najib Tun Razak announced the decision, saying that it would save the Government RM1.1bil from September to December this year and RM3.3bil annually. Before the price hike, the Government subsidy was 83 sen for each litre of RON95 petrol and RM1 for a litre of diesel.

Today the price of RON97 has also been increased - by 15 sen. The new rate is now RM2.85 a litre. The price of RON97 peaked at RM3 per litre in September last year.

The retail price of RON97 petrol is determined by a 'managed float' in which the price fluctuates according to market forces.

Prices of goods and services are expected to increase though eateries are allowed to increase food prices by only 0.1%. However, expect bus fares to go up by between 5% and 30% ‘in the near future’.

14 comments:

  1. nice contents to read here, keep it up!

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    1. Hi! Thanks. Good to have you back again.

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  2. Replies
    1. Easier said than done here and our roads are not made for cycling.

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  3. naik naik naik, all things naik.. but never see our currency value and most importantly our salary naik at all~~ :(

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    1. An increase in petrol usually triggers price increase all around. :(

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  4. HS something not quite right here RON95 should be RM2.10 per lit an increase of 20sen from RM1.90. How come no got 1Harga? Najib overlooked?..(;

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    1. Bananaz, thanks. Have made the adjustment.

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  5. Bananaz may not wanna land in the jam though it could save some money. The savings will be substantial if petrol tank is at 'E' or else not really worth the time in the Q moreover its pounds foolish penny wise scenario. Got a friend waited an hour just to fill up and she has half a tank to go. That one hour alone could have burn part of the petrol, worn off the brake pads, engine may overheat and most of all money cannot buy back the stress of waiting. That my personal opinion if someone got all the time in the world go ahead.

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    1. My exact sentiments, Bananaz.

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  6. With the price increase, many things will increase in price too!

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    1. Totally agree, Foong. Inflation gets the blame.

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  7. Err...is that error in your post? The new price for RON95 should be RM2.10. Diesel should be RM2.00 right? Also on the 3rd paragraph, it's RON97, not RON95 right? Was a bit confused there LOL!

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    1. You're right, Foong. Thanks. Have made the adjustment.

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