June 6, 2012 Update - Petrol Price revision for RON97 - effective June 7
The price of the premium RON97 petrol went up 10sen to RM2.90 at midnight last night, Monday, according to the Petrol Dealers Association of Malaysia (PDAM).
There is no change for RON95 petrol, still at RM1.90 a litre. The price for diesel also remains unchanged at RM1.80 a litre.
The price increase is due to the soaring global fuel price that has hit USD120 per barrel. The price of RON97 fluctuates in accordance with the global fuel price as the Government has lifted subsidy for this petrol.
There have been four increases in RON97 petrol price since the beginning of 2011. The last increase on May 5 (2011) saw a hike of 20 sen to RM2.90 per litre. On June 15 midnight, the price was reduced by 10 sen to RM2.80 per litre. That was the first reduction since the price was floated at market rates.
Source: The Star..Price of RON97 to go up 10sen to RM2.90 at midnight
The price of RON 95 should be increased also. But I guess the government won't do this until after election.ReplyDelete
Ours was almost increased but there were too many protestations that the gov had to delay the increase that was supposed to be done on 1 April!ReplyDelete
luckily i don't drive and the LRT fees still not increased yet.. am still paying RM100 per month for unlimited rides on all LRT, Monorail and RapidKL Bus, haha..ReplyDelete
Luckily I 'm using RON95. But I think the Govt will increase it later. Things are just getting more and more expensive!!ReplyDelete
KS, I have a feeling you may be right there.ReplyDelete
Rad, yeah, I read about that too. So protests do work!ReplyDelete
SK, RM100 for everything is a good deal. Do you have a driver's license btw?ReplyDelete
Foong, yeah, enjoy the lower rate of RON95!ReplyDelete