The new Domestic Trade and Consumer Affairs
Minister Datuk Seri Ismail Sabri Yaakob has announced that the price of
RON97 fuel will be increased to RM2.00 per liter from the 1st of
September 2009 onwards, which is also the date that RON95 and Euro 2M
diesel are expected to be introduced into the market. That is an RM0.20
increase from the current price. We’ve paid RM2 per liter for RON97
before as that was the price during the period of the 18th of November
2008 to the 2nd of December 2008.
It’s not known yet at the moment what the new RON95 grade fuel
(which replaces RON92 in the market) will be priced at, but when Datuk
Shahrir was the minister he said that RON95 would be priced at the same
price as RON92, with the income from RON97’s hiked price used to
subsidise RON95 fuel.
Hopefully this is still the plan. Get ready for massive jams at the petrol stations on the last day of August!
UPDATE: RON95 fuel will be replacing RON92 and will
be priced at RM1.75 per liter, which is up RM0.05 from RON92 prices.
Although nationwide roll-out is only expected to be fully ready by
September 1st 2009, the new RON95 grade fuel is already available at 2
Petronas stations in Putrajaya. In addition, there will not be any
ceiling price for RON97 fuel so petrol companies can feel free to come
up with premium versions such as Shell V-Power as long as they inform
the government.