prices for RON95 petrol and diesel will decrease<\/em><\/a> from early January 2019, in line with global crude oil prices.<\/p>\nIn case you didn’t know,\u00a0Currently, RON95 is sold at\u00a0RM<\/span>2.20 a litre while diesel at\u00a0RM<\/span>2.18 per litre. The price was fixed since 7 June 2018, as it promised that the prices will not change despite the upward trend in global crude oil prices in 2018.<\/p>\nAnd the fact is that the government has subsidy on\u00a0fuel with a total of\u00a0RM<\/span>7.14 billion as of November this year, with a huge chunk (RM5.82 billion) spent from May to November 2018 alone. Now, with the recent crude oil price has decreased, the government will be adjusting petroleum product prices including RON95 next year onwards to reflect the current prices.<\/p>\nNote that due to the monthly automatic pricing mechanism (APM) for fuel prices, the lower fuel prices can only be reflected in the following month. The switch to a weekly APM system which will be introduced next year will avoid the same problem.<\/p>\n","protected":false},"excerpt":{"rendered":"
What a splendid way to end the year and here are some good news…<\/p>\n","protected":false},"author":3,"featured_media":2161,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[89],"tags":[813],"class_list":["post-4906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-fuel-prices"],"acf":[],"yoast_head":"\n
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What a splendid way to end the year and here are some good news moving forward to the New 2019.<\/p>\n