Thursday, January 1, 2015

New Petrol and Diesel prices starting January 1, 2015

A nice start for the new year, for Malaysians at least.

Prices for RON95 and RON97 petrol have come down by 35 cents per litre from Jan 1, while diesel is down by 30 sen.

RON 95 is now at RM1.91 a litre and RM2.11 for RON97. Diesel is at RM1.93.

On Dec 1, 2014, retail prices for petrol and diesel were fixed on a managed float system, effectively marking the removal of all fuel subsidies.

Under the managed float, retail prices would be based on the monthly average world price of crude oil.

However, food prices are not expected to come down in tandem. On the contrary, my bowl of Chinese noodle soup cost me 50 sen more this morning.

Source: The Star

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