15 sen Reduction in Fuel Prices

The Star today reported that petrol and diesel prices have been slashed by a further 15 sen per litre from today.

The new pump price for RON97 is now RM2 per litre while RON92 will be sold at RM1.90 per litre. Diesel will be at RM1.90 per litre.

The latest price cut, the fifth since August, was made in line with falling global petroleum prices.

Yesterday’s price of a barrel of crude was about US$56.

In line with falling fuel prices, supermarkets and hypermarkets across the nation are also cutting down prices of many essential items.

Reduction in Fuel Price

Malaysians are hopeful that the fuel price will be reduced but Prime Minister, Datuk Seri Abdullah Ahmad Badawi said the Government would stick to its decision to announce the new prices on Aug 31, to be enforced on Sept 1.

He said pump prices would hopefully be reduced, due to the falling global crude oil price. However, should the world crude oil price increase, the pump price would not go beyond the current RM2.70 per liter for petrol and RM2.58 per liter for diesel.