Cheaper RON95 petrol by Mid-Year


Taken from the New Straits Times, Malaysia, dateline 2008-01-09

KUALA LUMPUR: RON95 petrol will be introduced by the middle of this year to provide a cheaper fuel option for the masses.
At the same time, a higher tax will be levied on RON97 to subsidise RON95.

This was revealed by Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad. A chart on how the retail price of petrol is determined will be provided to the public next week.

The chart will help answer queries and explain how the pricing mechanism works.

RON95, although of a higher grade than RON92, will be priced at the same level as RON92.
Shahrir explained that RON95 was a basic grade of petrol which could be used by virtually all vehicles with the exception of some luxury cars.

“We will introduce RON95 by June or July. RON95 is about 10 sen to 11 sen cheaper than RON97. RON92 is currently priced at RM1.70. We will price RON95 at about the same,” he said after launching the Tesco-RHB Credit Card and Tesco-RHB Debit cards in Tesco Ampang yesterday.

Shahrir said the pricing of RON95 would be based on the Automatic Pricing Mechanism (APM). Prior to this, there was no price crisis and there was no need to explain on how the mechanism worked, he said.

The pricing of petrol at kiosks is based on the Mean of Platts Singapore (MOPS), a regional fuel price monitor.

“Should the MOPS price go below US$40 (RM142) a barrel then retail fuel price will fall. If MOPS is above US$78 per barrel, retail fuel price will increase,” he said.

6 Responses to Cheaper RON95 petrol by Mid-Year

  1. Engineer1 says:

    So, now everyone just pump RON 95 and bypass RON 92?

    what’s the logic of producing RON 92 then….

  2. Jabbathehutt says:

    what an idiot.

  3. Jabbathehutt says:

    what an idiot. Ron95 and 92 same price.

  4. Jabbathehutt says:

    and if we can’t be sure whether the mops goes up or down, we form a 120-man task force to predict it goes up or down.

    Each man cost USD10000 per month, and they are my brothers, sisters, cousins, nephews etc.

  5. […] – RON 92 In anticipation of RON 95 being sold at the same price as RON 92, during my travels I did discover that RON 92 is […]

  6. Lokman says:

    hi..shell’s fuel expert will be chatting online live on august 11 at 3.30pm about ron95 and related matters. Got a question? go to http://www.nst.com.my on that day, follow the link and post your question. Salams.

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