The Ministry of Domestic Trade, Co-operatives and Consumerism has announced that petrol price will be reduced in Malaysia following the floating mechanism that is based on international oil price. The news was also shared by Deputy Finance Minister Datuk Ahmad Maslan on his Twitter account. The Ron 95 shall be reduced by 21 cents, Ron 97 by 11 cents and Diesel by 23 cents. With the following adjustments, the new price for Ron 95 will be at RM 1.70 per litre, Ron 97 at RM 2 per litre and Diesel at RM 1.70 per litre.
Petrol Dealers Association has also voiced concern on the petrol price reduction as it will hurt their profit. According to it’s president Datuk Hashim Othman, any price reduction will have serious impact on petrol dealers.
The new price will be effective starting 1st of February 2015. Like https://www.facebook.com/ron95info?fref=ts to follow the latest petrol price in Malaysia.