The federal government has introduced it’s revising the ceiling value for RON 95 petrol in addition to Euro 2M diesel with fast impact, reducing it by three sen from that presently, which is about at RM2.08 per litre for RON 95 and RM2.18 for diesel.
In an announcement issued as we speak, finance minister Tengku Datuk Seri Zafrul Aziz stated that the ceiling for RON 95 has now been revised to RM2.05 per litre, which implies that that is the utmost customers should pay if market costs push the pump costs above that value degree, with the federal government overlaying the distinction by way of subsidies.
In the meantime, the ceiling value for diesel has been lowered to RM2.15 per litre. Accordingly, if world oil costs dictate that these fuels are priced under these ranges, then the weekly costs of each will likely be priced cheaper than the capped value.
Tengku Zafrul stated that the choice to revise the ceiling value was taken following the latest pattern during which market costs of petroleum merchandise have been on a pointy improve because of world demand. He stated that the federal government stays dedicated to decreasing the rakyat’s value of dwelling and can take acceptable steps to steadiness gvernment subsidy liabilities with wants in an effort to protect the welfare and well-being of the individuals.
The retail value of RON 95, RON 97 and diesel primarily based on an Computerized Value Mechanism (APM) calculation will proceed to be introduced weekly, every Friday. For the week February 6 to 12, RON 95 is priced at RM1.93 per litre, whereas RON 97 is priced at RM2.23 per litre. As for Euro 2M diesel, it’s presently priced at RM2.11 per litre. Euro 5 diesel, which is technically unregulated and all the time 10 sen greater than normal diesel, is now at RM2.21 per litre.
