It’s Wednesday, which implies it’s time as soon as once more for the weekly Malaysian fuel price replace. The ministry of finance has introduced the costs of fuel for the approaching week of March 17 to 23, and common customers of premium petrol will face one other ramp up in prices; RON 97 petrol takes a 25 sen hike to RM4.00 per litre, up from RM3.75 per litre of last week.
As for RON 95, this grade of petrol continues to be capped on the ceiling price of RM2.05 per litre, as set by the federal government in February final yr. Given the constantly rising international oil costs, the Malaysian authorities pays dearly for subsidising fuel, and the finance minister mentioned final week that the fuel subsidy will be reviewed.
That mentioned, diesel fuels, as with RON 95 petrol, proceed to underneath the present price cap, and the Euro 5 B10 and B20 blends of diesel stay at RM2.15 per litre. Correspondingly, the Euro 5 B7 mix is pegged at RM2.35 per litre, following its price hike at the beginning of this year.
These costs take impact from midnight tonight till Wednesday, 23 March, when the subsequent set of fuel price updates might be introduced. This is the twelfth version of the weekly fuel pricing format for 2022, and the 166th in complete because the system’s introduction in 2019.
