Fuel Prices in Malaysia: Reduction for RON97 and Diesel in Peninsular Malaysia
The Ministry of Finance (MOF) has announced a reduction in the retail prices of RON97 petrol and diesel in Peninsular Malaysia for the period of March 6-12. According to the announcement, the prices will be reduced by five sen each to RM3.38 and RM3.13 per litre respectively.
Reasons for the Price Reduction
The price reduction is based on changes in crude oil prices. The MOF statement emphasizes the government’s commitment to monitoring market developments and streamlining retail fuel prices by considering oil price movements and supporting price stability. This move is aimed at ensuring the welfare and well-being of the people.
Price Stabilization
The government will continue to monitor the impact of global crude oil price movements and take relevant measures to maintain stability in the fuel market. This includes regularly reviewing and adjusting fuel prices to reflect changes in the global market.
Regional Variations
It’s worth noting that the retail price of RON95 remains unchanged at RM2.05 per litre, while the price of diesel in Sabah, Sarawak, and Labuan remains unchanged at RM2.15 per litre.
Conclusion
The reduction in fuel prices is a welcome move by the Malaysian government, which aims to ease the financial burden on consumers. The government’s commitment to monitoring market developments and taking measures to support price stability is crucial in maintaining the well-being of the people.
Frequently Asked Questions
- What is the new price of RON97 petrol in Peninsular Malaysia?
The new price of RON97 petrol is RM3.38 per litre for the period of March 6-12. - What is the new price of diesel in Peninsular Malaysia?
The new price of diesel is RM3.13 per litre for the period of March 6-12. - Will RON95 and diesel prices in Sabah, Sarawak, and Labuan be affected by the price reduction?
No, the prices of RON95 and diesel in Sabah, Sarawak, and Labuan will remain unchanged at RM2.05 per litre and RM2.15 per litre respectively.