The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) has announced the price of petrol and diesel fuel for the next 31 days.
For the final month of 2018, consumers of the premium grade RON 97 fuel can set a lower monthly budget as the price sees a significant decrease of 31 sen per litre starting tomorrow.
In summary, the prices for petrol and diesel for the entire month of December are as listed below:
- RON95 – RM2.20 per litre (no change)
- RON97 – RM2.50 per litre (decrease 31 sen from RM2.81)
- Diesel – RM2.18 per litre (no change)
Late last week, the government said it has planned to introduce the new subsidy system for RON95 fuel by the second half of next year and will be implemented in stages. Trials are expected to begin in March.
Under Budget 2019, the government proposed to subsidize RON95 fuel up to RM 30 per month for cars with engine displacement 1,500 cc and below and RM 12 per month for motorbikes under 125cc in engine displacement.
RON95 fuel is also planned for improvement in stages from July 2019, upgraded from Euro 2M to Euro 4M (lower sulphur content) specification. The plan is to have all fuel stations supplying only RON95 and RON97 petrol with Euro 4M specifications by January 2020.