Following the “managed float” system currently in use by the government that calculates fuel prices based on the average global crude oil prices for the month before, here’s what Malaysians will be paying at the pump beginning April 1st, 2015:
- RON 95: RM1.95 per litre
- RON 97: RM2.25 per litre
- Diesel: RM1.95 per litre
Keep in mind that April 1st, 2015 also marks the implementation of the Goods & Services Tax (GST). As announced by the Domestic Trade, Cooperatives and Consumerism Ministry, RON 95 petrol and diesel are exempted from GST. However, RON 97 petrol is NOT exempted from GST of which the 6% charge is included in the RM2.25 per litre price.
With the new prices, RON 95, RON 97 and diesel see its prices remain unchanged from the month of March 2015. These prices are effective 12:01 am on April 1st.