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A silver lining in the cloud for February Petrol Pricing

A silver lining in the cloud for February Petrol Pricing

The current oversupply and freefall of crude oil prices are surely a boon for motorists in Malaysia, but certainly not for the country. For the second month in a row, RON95 fuel will be priced 10sen lower than January prices, at RM1.75 per litre, RON97 at RM2.05 (less 20 sen) while diesel will go on sale at RM1.35 per litre, 25 sen lower than the previous month. Euro 5 diesel will see pump pricing at RM1.45, 15 sen lower than January’s pump sale. These prices are from the new managed float system introduced by the Domestic Trade, Consumerism and Cooperatives Ministry introduced from 1 Dec 2015. While motorists welcome the reduction of prices, which will also encourage road travel during this festive period, petrol dealers are reeling at the continued downward trend, which persists unabated.

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About Tony Yew

Tony Yew has been a motoring contributor to CBT since 2009 and took up a full time position in Oct 2015, as Web editor, Head of Digital Media. His role is to expand the reach of cbt.com.my and hope that the readers of CBT will continue to support this media.

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