FUEL PRICE INCREASE (WHAT'S NEW?)

My car will no longer be enjoying the RON97 petrol pump after today. Read the old news and you find that the price is being adjusted from what is promised. It was promised RON95 to be sold at RM1.75/litre and RON97 to be sold at RM2.00/litre.

RON95 petrol 'good for all vehicles'

PUTRAJAYA, May 13 - Domestic Trade and Consumer Affairs Minister Datuk Ismail Sabri Yaakob said the RON95 petrol to be introduced on Sept 1 is good for all vehicles.

"Motorists are urged to switch to RON95 as it is good for any type of vehicle, from cheap cars to luxury ones. You don't need to use RON97," he told reporters at his office here today.

Ismail Sabri however said it was up to motorists if they wanted to use RON97 petrol.

He announced yesterday that RON95 will be sold at RM1.75 per litre on Sept 1 as an alternative to RON97 which will be raised to RM2 per litre.

RON97 petrol will become a premium product while RON92 will be removed from the market. - Bernama

When the crude oil price go down as low as USD32.41, they told us they could not lower the price any longer while we subsidize them. When the crude oil price goes up, they need to increase the fuel price because they say they are subsidizing us. They said they will improve public transport with the money. Where is the improvement?

Head they win, tail you lose!
1Malaysia!
Rakyat Didahulukan (you pay first), Pencapaian Diutamakan (others profit prioritized)!
HAPPY NATIONAL DAY, MALAYA!

Published: Monday August 31, 2009 MYT 5:50:00 PM
Updated: Monday August 31, 2009 MYT 7:38:33 PM
Price of RON 95 at RM1.80 from Tuesday (Update)
By NURBAITI HAMDAN and TEH ENG HOCK

KUALA LUMPUR: The newly introduced RON 95 fuel is now priced at RM1.80 - five sen higher than the previous RM1.75.

Meanwhile, RON 97 is upgraded as a premium product and has gone up to RM2.05 from RM1.80.

Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the new prices were decided based on the current method of Automatic Pricing Mechanism (APM).

“Although the price is now 5 sen higher, the Government is still subsidising 33.81 sen per litre (of RON 95) which is equivalent to RM304mil monthly,” he told reporters after the launch of Primax 95 by Petronas here on Monday.

Currently, the Government is subsidising RON 97 by 42.72 sen per litre.

The cost for RON 95 went up 102% from USD$ 40.75 per barrel to USD$ 82.30 in December last year and August respectively.

“If there is any changes in the global prices, we would revise it accordingly. It is up to the Economic Council to decide.

“RON 95 also adheres to the EURO2M specification where it can lessen pollution,” said Ismail Sabri, adding that consumers would get quality petroleum at a subsidised price.

With the new pricing, Ismail Sabri added that RON 92 was phased out from the market as the usage was only 5% from total petrol sale in the country.

In April last year, then Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad said the Government was considering the use of petrol with higher research octane number (RON) to reduce fuel subsidies without hurting the lower-and-medium income groups.

A higher octane number means higher resistance to engine “knocking”. “Knocking” could possibly damage the engine over time.

Petrol Dealers Association of Malaysia president Datuk Hashim Othman said petrol stations could easily recalibrate their pumps to adjust to the new price.

“With technology, all you need to do is push some buttons. It is almost automatic in most stations now, except for a few in the rural areas which are still using the manual system,” he told The Star.

He added that petrol dealers would make a slight gain with the price increase as they had bought their current stock at the old price.

“It is only a little as the price increase is small,” he said.