RON95 and diesel price to stay, RON97 will be floated — PM

July 5, 2018

Dateline 2018-05-30, The Edge:

The government will retain the current price of RON95 and diesel at the pumps, but the price of the premium RON97 petrol will be subject to a float system, Prime Minister Tun Dr Mahathir Mohamad said today.

“The price for diesel and RON95 will be maintained, but the price for RON97 will be floated according to the market,” Dr Mahathir told reporters after chairing the second weekly Cabinet meeting here today.

At present, RON95 and diesel are sold at RM2.20 per litre and RM2.18 per litre respectively, while that of RON97 is priced at RM2.47 per litre. The retail fuel prices have remained unchanged ahead of the 14th general election on May 9, despite crude oil prices rising to US$75.39 per barrel at the time of writing.

…

Leave a Comment » | Malaysian election, oil and gas | Tagged: , | Permalink
Posted by Wata

HERE’S WHY MALAYSIA’S FUEL PRICES KEEP GOING UP, EVEN WHEN THE WORLD’S OIL PRICES GO DOWN.

November 10, 2017

Take this with a pinch of chilli. Though, the article is articulate, and well written.

Dateline 2017-09-21, Cilisos:

While yesterday it had been announced that fuel prices will be dropping 2-4 cents this week, the gomen have been announcing a rise in fuel prices weekly since April. It doesn’t matter whether it’s RON95, RON 97 or diesel, they all went up. It would seem that until yesterday, for the past 10 weeks the prices of RON95 and RON97 made like Taio Cruz and kept going higher, higher, higher off the ground.

Leave a Comment » | Malaysia | Tagged: | Permalink
Posted by Wata

Academician lashes out at deputy finance minister’s attempt to fool people

October 29, 2013

Dateline 2013-09-06, The Malaysian Chronicle:

An academician today takes deputy Finance minister (DFM) Ahmad Maslan to task over what he described as untruth explanation on oil prices in Malaysia compared to neighbouring countries.

Attempting to soothe public anger over the recent fuel price hike, Ahmad pointed out that Malaysia is the 8th lowest in the world in terms of price of fuel after Venezuela, Saudi Arabia, Kuwait, Egypt, United Arab Emirates, Iran and Nigeria.

“Are we trying to deny the fact that the price of petrol in Brunei, Qatar, Bahrain, Algeria, Sudan, Libya and Oman is cheaper than Malaysia? Why Ahmad did not disclose the petrol prices in those countries?” UKM School of History, Politics and Strategy lecturer Dr Mohamad Agus Yusoff responded to Ahmad’s reasoning in a Facebook posting today.

…

1 Comment | engineering | Tagged: , , | Permalink
Posted by Wata

No price cut when global oil prices slumped, so why increase now, PKR asks

October 18, 2013

Dateline 2013-09-03, The Malaysian Insider:

With world oil prices on the downward trend since April 2011, PKR today slammed Putrajaya’s move to raise RON95 and diesel prices by 20 sen.

“Before this, Barisan Nasional kept giving the excuse that they have no choice but to increase petrol and diesel prices due to escalating world crude oil prices.

“But since April 2011, the world crude oil prices have been recording a decrease,” PKR strategic director Rafizi Ramli said at a press conference at the party’s headquarters in Petaling Jaya today.

…

6 Comments | Malaysia | Tagged: | Permalink
Posted by Wata

Oil price hike: Call for improvement in public transport service

October 17, 2013

Dateline 2013-09-02, The Malay Mail (there’s a blast from the past):

The government should take drastic action to improve public transport service to reduce the burden of consumers with the increase in the price of RON95 and diesel, effective midnight tonight.

Malaysian Muslim Consumers Association (PPIM) secretary-general, Datuk Dr Maamor Osman, said several mechanisms could help to lighter consumers’ burden as a result of the oil price increase.

“We understand that the government’s move is to reduce subsidy, but in this slow economic situation, with no increase in income, it will burden the low income earners.

…

Leave a Comment » | Malaysia | Tagged: , | Permalink
Posted by Wata

Thousands rally in Indonesia over fuel price hikes

July 14, 2013

How about we have a pre-emptive rally?

Dateline 2013-06-17, FMT:

Thousands of protesters rallied across Indonesia today against government plans to hike the price of fuel, with police in one city firing tear gas to stop hundreds storming the local parliament. Demonstrations were held in the capital Jakarta and other cities as lawmakers gathered to decide on budget amendments that will pave the way for the government to announce the first price hike since 2008. Fuel prices have long been a flashpoint issue in Indonesia, with economists arguing that huge government subsidies are damaging Southeast Asia’s top economy.

…

Leave a Comment » | Malaysia | Tagged: , , | Permalink
Posted by Wata