Malaysia Fuel prices up 15-20 sen in January 2017
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Fuel prices will increase between 15 to 20 sen just as Malaysians usher in the New Year at midnight tonight, according to the Petrol Dealers Association of Malaysia (PDAM).
The widely used RON95 petrol will cost RM2.10 per litre from tomorrow, and diesel RM2.05 per litre, an increase of 20 sen.
The RON97 petrol will see an increase of 15 sen, to RM2.40 per litre.
This comes after the Finance Ministry’s lengthy explanation yesterday justifying an increase in fuel prices in 2017 as inevitable.
PKRs Rafizi Ramli had predicted a 30 sen increase in fuel prices following an 18% hike in world crude oil prices.
“With the current strengthening of the US dollar against the ringgit, the cost of purchasing crude oil will also increase.
“Hence, the surge of the retail fuel price in Malaysia,” said Finance Ministry strategic communications director, Lokman Noor Adam.
Questions & Answers
Q.Which specific fuel types will see an increase in price from tomorrow?
Which specific fuel types will see an increase in price from tomorrow?
RON95 and RON97 petrol, along with diesel, are the fuel types that will have increased prices starting tomorrow.
Q.What will be the new price per litre for RON95 petrol and diesel?
What will be the new price per litre for RON95 petrol and diesel?
From tomorrow, RON95 petrol will cost RM2.10 per litre, and diesel will be priced at RM2.05 per litre.
Q.What was the Finance Ministry's stated reason for the inevitable fuel price increase in 2017?
What was the Finance Ministry's stated reason for the inevitable fuel price increase in 2017?
The Ministry attributed the surge in retail fuel prices to the strengthening of the US dollar against the ringgit, increasing the cost of crude oil.
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