Fuel prices drop after five weeks of hikes
In this article (5)
RON95 and RON97 petrol will be both be 8 sen cheaper at midnight, ending five consecutive weekly price increases.
The Domestic Trade, Co-operatives and Consumerism Ministry announced today that RON95 will retail for RM2.30/L and RON97 for RM2.58/L, while diesel will drop by 2 sen to RM2.23/L.
All prices are effective after midnight and valid until next Thursday.
Fuel prices previously rose for five straight weeks as global oil prices spiked due to the unrest in the Middle East region.
Putrajaya has pledged to intervene in the event RON95 and diesel exceed the RM2.50/L mark for three consecutive months.
Questions & Answers
Q.Which specific fuel types will see a price reduction starting from midnight?
Which specific fuel types will see a price reduction starting from midnight?
Both RON95 and RON97 petrol will decrease by 8 sen per litre. Diesel prices will also drop by 2 sen per litre. These changes are effective after midnight until next Thursday.
Q.What is the new retail price for RON95 petrol after the announced changes?
What is the new retail price for RON95 petrol after the announced changes?
RON95 petrol will now retail for RM2.30 per litre. This price is effective from midnight tonight and will remain valid until next Thursday, as announced by the Ministry.
Q.How long had fuel prices been increasing before this announced drop?
How long had fuel prices been increasing before this announced drop?
Before this recent drop, fuel prices had been increasing for five consecutive weeks. This period of increases was attributed to a spike in global oil prices, linked to unrest in the Middle East region.
Q.Under what conditions has Putrajaya committed to intervene regarding fuel prices?
Under what conditions has Putrajaya committed to intervene regarding fuel prices?
Putrajaya has pledged to intervene if the prices for RON95 petrol and diesel exceed RM2.50 per litre. This intervention commitment applies if the prices remain above this mark for three consecutive months.
Reader pulse
What's the immediate impact of falling fuel prices?
22,696 votes so far