Petrol price will increase 20 cent this September

Petrol PumpRON 95 petrol will be available at all petrol stations nationwide by September 1, retailing at RM1.75 per litre. This will replace the RON92 petrol, and push RON97 petrol as premium product to RM2 per litre, 20 sen more than the current price.

Domestic Trade and Consumer Affairs Minister Datuk Seri Ismail Sabri Yaakob assured that the RON95 will be made available at all petrol stations, despite the RON92’s absence in some of the stations, especially in urban areas.

“We will make sure that it is easy for everyone to buy the RON95,” he said after the launch of the petrol in a petrol station here yesterday.

The RON92, although being sold at only RM1.70 per litre now, only makes 5 to 10 per cent of the total petrol sales from 2000 to 2008.

There will also not be a ceiling price for the RON97 as oil companies can dictate their own pricing for the premium product.
“But they will still have to inform the government if they want to raise the price on their own,” said Ismail.

The government subsidy formula will also be adjusted to 3 sen per litre for the RON95. Subsidy for RON97 is currently 6 sen per litre and is expected to decrease when the price increases in September.

He stressed that the RON95 is safe and suitable for most car makes.

“The RON95 is a standard in most European, American and Japanese petrol companies. We will also make sure that the RON95 sold here is in accordance to the EURO2M specifications,” he said.

RON95 is already being sold at two Petronas stations in Putrajaya.

RON95 will contain 95 per cent octane and 5 per cent heptane while RON 97 contains 97 per cent and 3 per cent respectively.

Despite difference in the octane and heptane make up, the composition of the base fuel remains the same and it is previously reported that most cars on the road can run on RON92 fuel onwards.

Various car makers have also said that the using the RON95 in cars will not be noticeable, even in high performance models.

2 Comments

Filed under Malaysia News

2 responses to “Petrol price will increase 20 cent this September

  1. grinmamablues

    Barang Naik lagi

  2. Young KDM

    Dulu malaysia boleh , apapun boleh naik…sekarang 1Malaysia, 1sen boleh naik1 ringgit. Ini macam kah Najib?

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