Date line 2009-02-20:
PETRONAS - ROn 92
PUTRAJAYA: The price of RON97 petrol will be increased, when the Government introduces RON95 to replace RON92 in July, said Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad.
He said this was to encourage consumers to use RON95, which was cheaper compared to RON97.
“The Government intends to subsidise more on RON95, when it is introduced in July to make it the same price as RON92,” he told a press conference here on Friday.
He said the price of both RON95 and RON97 petrol would be announced in July.
Don’t know about you, but I would have kept RON95 at the current price, and got RON97 users to pay a premium. If most cars can use RON95, then from the user’s end nothing has been changed, but the government can reduce its fuel subsidies.
From the crude oil price perspective, this will cause … no change at all.
Wata - Malaysian Oil and Gas Engineer 