The government has just announced the new prices, will take effect at 12am midnight, on the 1st of February. Malaysians will now buy their fuel at the following price:
- RON95 – RM 1.70 per litre
- RON97 – RM 2.00 per litre
- Diesel – RM 1.70 per litre
Beginning 1 December 2014, a managed float system that sees a monthly review based on the average world price of crude oil has been used to determine fuel prices in Malaysia.